2024 has been a particularly tough year for Europe’s car manufacturers. Volkswagen reported a 60% drop in third-quarter profits, while Mercedes and BMW saw declines of 65% and 80%, respectively. Beyond the financial slump, many automakers are struggling to retrofit their facilities for electric vehicle (EV) production and to comply with the stricter EU emissions standards set to take effect next year.
Europe’s centre right pushes to reverse 2035 ban on petrol cars: In light of these challenges, the EPP has proposed rolling back the EU’s 2035 ban on new fossil-fueled vehicles, citing economic pressures and concerns for jobs.
https://www.washingtontimes.com/news/2024/nov/20/trump-energy-secretary-nominee-wright-promises-cli/ By Bonner Russell Cohen As if the election of Donald Trump, who has called human-caused climate change a hoax, weren’t enough to darken the days of climate activists and subsidy-dependent green energy companies, his naming of fracking magnate Chris Wright to head the Department of Energy underscores the radical change in direction coming to Washington in January. Mr. Trump, who […]
Republican Leaders Demand Biden-Harris Admin Freeze Lame Duck Green Loans Following Free Beacon Report By Thomas Catenacci December 5, 2024 House GOP leaders are calling on the Biden-Harris administration to immediately freeze its behemoth green energy loan disbursements, which officials have accelerated in recent weeks ahead of President Donald Trump’s upcoming term, the Washington Free Beacon has […]
https://www.theguardian.com/environment/2024/dec/04/us-climate-crisis-legal-court By Nina Lakhani Climate justice campaigners have condemned the US after the world’s largest historic greenhouse gas emitter argued against countries being legally obliged to combat the climate crisis. The US intervention came on Wednesday as part of the historic climate hearing at the international court of justice (ICJ) in The Hague, where island […]
Facts Matter with Roman Balmakov
