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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.

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  • 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

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    Climate

    AM Briefing: California’s Insurance Hike

    On the fallout from the LA fires, Trump’s tariffs, and Tesla’s sales slump

    California’s Insurance Crisis Is Heating Up
    Heatmap Illustration/Getty Images

    Current conditions: A record-breaking 4 feet of snow fell on the Japanese island of Hokkaido • Nearly 6.5 feet of rain has inundated northern Queensland in Australia since Saturday • Cold Arctic air will collide with warm air over central states today, creating dangerous thunderstorm conditions.

    THE TOP FIVE

    1. China hits back at Trump tariffs

    President Trump yesterday agreed to a month-long pause on across-the-board 25% tariffs on Canada and Mexico, but went ahead with an additional 10% tariff on Chinese imports. China retaliated with new levies on U.S. products including fuel – 15% for coal and liquefied natural gas, and 10% for crude oil – starting February 10. “Chinese firms are unlikely to sign new long-term contracts with proposed U.S. projects as long as trade tensions remain high,” notedBloomberg. “This is bad news for those American exporters that need to lock in buyers before securing necessary financing to begin construction.” Trump recently ended the Biden administration’s pause on LNG export permits. A December report from the Department of Energy found that China was likely to be the largest importer of U.S. LNG through 2050, and many entities in China had already signed contracts with U.S. export projects. Trump is expected to speak with Chinese President Xi Jinping this week.

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    Yellow
    Politics

    Trump’s Little Coal Reprieve

    Artificial intelligence may extend coal’s useful life, but there’s no saving it.

    Donald Trump.
    Heatmap Illustration/Getty Images

    Appearing by video connection to the global plutocrats assembled recently at Davos, Donald Trump interrupted a rambling answer to a question about liquefied natural gas to proclaim that he had come up with a solution to the energy demand of artificial intelligence (“I think it was largely my idea, because nobody thought this was possible”), which is to build power plants near data centers to power them. And a key part of the equation should be coal. “Nothing can destroy coal — not the weather, not a bomb — nothing,” he said. “But coal is very strong as a backup. It’s a great backup to have that facility, and it wouldn’t cost much more — more money. And we have more coal than anybody.”

    There is some truth there — the United States does in fact have the largest coal reserves in the world — and AI may be offering something of a lifeline to the declining industry. But with Trump now talking about coal as a “backup,” it’s a reminder that he brings up the subject much less often than he used to. Even if coal will not be phased out as an electricity source quite as quickly as many had hoped or anticipated, Trump’s first-term promise to coal country will remain a broken one.

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    Politics

    Trump’s Other Funding Freeze Attacks Environmental Justice

    Companies, states, cities, and other entities with Energy Department contracts that had community benefit plans embedded in them have been ordered to stop all work.

    Donald Trump.
    Heatmap Illustration/Getty Images

    Amidst the chaos surrounding President Trump’s pause on infrastructure and climate spending, another federal funding freeze is going very much under the radar, undermining energy and resilience projects across the U.S. and its territories.

    Days after Trump took office, acting Energy Secretary Ingrid Kolb reportedly told DOE in a memo to suspend any work “requiring, using, or enforcing Community Benefit Plans, and requiring, using, or enforcing Justice40 requirements, conditions, or principles” in any loan or loan guarantee, any grant, any cost-sharing agreement or any “contracts, contract awards, or any other source of financial assistance.” The memo stipulated this would apply to “existing” awards, grants, contracts and other financial assistance, according to E&E News’ Hannah Northey, who first reported the document’s existence.

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    Green