Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

Climate

AM Briefing: Bird Files for Bankruptcy

On the struggling e-scooter company, protecting old forests, and drinking wastewater

AM Briefing: Bird Files for Bankruptcy
Heatmap Illustration/Getty Images

Current conditions: Southern California is bracing for heavy rain • China's bitter cold is complicating earthquake rescue efforts • Iceland's capital of Reykjavik could be hit by pollution from a volcanic eruption.

THE TOP FIVE

1. E-scooter company Bird files for bankruptcy

E-scooter company Bird, which “put electric scooters onto the sidewalks of major cities,” is filing for bankruptcy in the U.S. Just five years ago the company reached “unicorn” status with a $1 billion valuation faster than any startup ever before. But “Bird grew too quickly — it launched in too many cities before it had a viable model,” one former employee told the Financial Times. “It was losing money on every ride, so the more cities and more rides it was doing the more money it lost.” The company went public in 2021 but its stock plummeted quickly and never really recovered. Other micromobility startups are facing similar financial challenges, and some cities are cracking down on e-scooters.

Bird

2. Biden moves to protect ‘old growth’ forests

President Biden issued a proposal yesterday to protect some of the oldest trees in America’s national forests from commercial logging. The move has climate ramifications because older trees are natural carbon sinks, so keeping them alive prevents that carbon from being released into the atmosphere and contributing to global warming. “Older forests provide the most above-ground carbon storage potential on Earth, with mature forests and larger trees driving most accumulation of forest carbon in the critical next few decades,” a group of scientists wrote in a letter to Biden last year. “Left vulnerable to logging, though, they cannot fulfill these vital functions.” The proposal doesn’t protect “mature” trees, which aren’t quite as ancient as “old growth” trees. This concession is “a middle ground between environmentalists and the timber industry,” says Lauren Aratani at The Guardian. The ban is set to come into place in 2025 and comes as part of an executive order, so whether it goes ahead could depend on the outcome of the 2024 election.

3. California will start turning wastewater into drinking water

California officials yesterday approved regulations allowing wastewater from toilets and showers to be recycled into drinking water for hundreds of thousands of people. “As we look to make our communities more resilient to drought, to climate change, this is really going to be an important part of that solution,” Heather Cooley, director of research at water think tank Pacific Institute, tells the Los Angeles Times. Colorado has similar rules in place already, and Arizona and Florida could soon follow suit. The wastewater recycling process has undergone extensive review by scientists and engineers who insist it is clean and safe. The water is filtered, decontaminated, disinfected, and monitored, making it “purer than many drinking water sources we now rely on,” says E. Joaquin Esquivel, chair of the state’s water resources board.

Get Heatmap AM in your inbox every morning:

* indicates required
  • 4. British Museum gets £50 million in funding from BP

    The British Museum, one of the most popular museums in the world, came under fire this week for accepting £50 million (about $63 million) in new funding from oil giant BP. The deal will last for 10 years and the money is expected to help pay for museum upgrades and refurbishments. The sponsorship isn’t new: BP has partnered with the museum since 1996. But it comes at a time when cultural institutions in Britain and elsewhere are under pressure from climate activists to cut ties with fossil fuel companies. One activist group has threatened legal action in response to the move, and Greenpeace called it “brazen greenwashing.” But, as the Times of London points out, most of Britain’s museums charge nothing for entrance and rely heavily on philanthropy and sponsorship. “Money needs to come from somewhere,” the paper says.

    5. VW will use Tesla’s EV charging plug

    Tesla’s EV plug, the North American Charging Standard (NACS), is one step closer to dominating the industry entirely with the announcement that Volkswagen Group has committed to using the connector starting in 2025. VW says customers will now have access to 15,000 Supercharger locations across North America. The last remaining NACS holdout is Stellantis, but it’s probably only a matter of time before the automaker “bends the knee.

    THE KICKER

    Five gray wolves were released in Colorado this week as part of a wild wolf restoration project.

    Yellow

    You’re out of free articles.

    Subscribe today to experience Heatmap’s expert analysis 
of climate change, clean energy, and sustainability.
    To continue reading
    Create a free account or sign in to unlock more free articles.
    or
    Please enter an email address
    By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
    AM Briefing

    Trump’s Reactor Realism

    On the solar siege, New York’s climate law, and radioactive data center

    Trump Makes Headway on Plan to Build 10 New Large Reactors
    Heatmap Illustration/Getty Images

    Current conditions: A rain storm set to dump 2 inches of rain across Alabama, Tennessee, Georgia, and the Carolinas will quench drought-parched woodlands, tempering mounting wildfire risk • The soil on New Zealand’s North Island is facing what the national forecast called a “significant moisture deficit” after a prolonged drought • Temperatures in Odessa, Texas, are as much as 20 degrees Fahrenheit hotter than average.

    THE TOP FIVE

    1. Trump’s plan to build 10 new large reactors is making headway

    For all its willingness to share in the hype around as-yet-unbuilt small modular reactors and microreactors, the Trump administration has long endorsed what I like to call reactor realism. By that, I mean it embraces the need to keep building more of the same kind of large-scale pressurized water reactors we know how to construct and operate while supporting the development and deployment of new technologies. In his flurry of executive orders on nuclear power last May, President Donald Trump directed the Department of Energy to “prioritize work with the nuclear energy industry to facilitate” 5 gigawatts of power uprates to existing reactors “and have 10 new large reactors with complete designs under construction by 2030.” The record $26 billion loan the agency’s in-house lender — the Loan Programs Office, recently renamed the Office of Energy Dominance Financing — gave to Southern Company this week to cover uprates will fulfill the first part of the order. Now the second part is getting real. In a scoop on Thursday, Heatmap’s Robinson Meyer reported that the Energy Department has started taking meetings with utilities and developers of what he said “would almost certainly be AP1000s, a third-generation reactor produced by Westinghouse capable of producing up to 1.1 gigawatts of electricity per unit.”

    Keep reading...Show less
    Yellow
    Podcast

    The Peril of Talking About Electricity Affordability

    Rob sits down with Jane Flegal, an expert on all things emissions policy, to dissect the new electricity price agenda.

    Power lines.
    Heatmap Illustration/Getty Images

    As electricity affordability has risen in the public consciousness, so too has it gone up the priority list for climate groups — although many of their proposals are merely repackaged talking points from past political cycles. But are there risks of talking about affordability so much, and could it distract us from the real issues with the power system?

    Rob is joined by Jane Flegal, a senior fellow at the Searchlight Institute and the States Forum. Flegal was the former senior director for industrial emissions at the White House Office of Domestic Climate Policy, and she has worked on climate policy at Stripe. She was recently executive director of the Blue Horizons Foundation.

    Keep reading...Show less
    Yellow
    Power lines.
    Heatmap Illustration/Getty Images

    This transcript has been automatically generated.

    Subscribe to “Shift Key” and find this episode on Apple Podcasts, Spotify, Amazon, or wherever you get your podcasts.

    Keep reading...Show less
    Yellow