Sign In or Create an Account.

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

Technology

Why VW and Rivian are Teaming Up

On a major EV joint venture, livestock taxes, and tipping points

Why VW and Rivian are Teaming Up
Heatmap Illustration/Getty Images

Current conditions: Puerto Rico issued a heat advisory for the entire island for the first time ever • Flooding and landslides in Ivory Coast left at least 24 people dead • A fast-growing wildfire in central Oregon prompted evacuations.

THE TOP FIVE

1. Volkswagen and Rivian team up in $5 billion joint venture

Volkswagen announced it will invest $5 billion ($1 billion now, another $4 billion over a few years) in EV pickup company Rivian as part of a joint venture “to create next generation software-defined vehicle (SDV) platforms to be used in both companies’ future electric vehicles.” The move will give VW access to Rivian’s technology, and Rivian a much-needed financial lifeline as it tries to launch its new R2 vehicles while cutting production costs. Rivian CEO RJ Scaringe said the money will allow Rivian to move ahead with plans to build a new manufacturing plant in Georgia. The news sent Rivian’s stock soaring, and Scaringe said the cash will help the company reach profitability. The company reported a $5.4 billion net loss last year.

2. Cybertruck recalled for 4th time since November

Tesla’s Cybertruck was recalled again yesterday. This time, Tesla says the recall (which applies to more than 11,000 trucks) addresses a faulty front windshield wiper, and trim pieces that can apparently fly off the vehicle and hit people nearby. This is the pickup’s fourth recall since sales began last November. The wiper will be replaced free of charge. As for the trim, the National Highway Traffic Safety Administration said Tesla will apply an “adhesion promoter and pressure sensitive tape” to make sure it stays in place, or replace it if it’s already missing.

3. Researchers identify new ‘tipping point’ for melting ice sheets

Our current projections for sea level rise from the melting ice sheets may be “significant underestimates,” according to a new study published in the journal Nature Geoscience. The researchers said they identified a potential melting process by which warm seawater makes its way into the gap between the ice and the ground beneath it, known as the “grounding zone.” This water melts holes in the ice, allowing more warm water through, creating a feedback loop. “We find that grounding zone melting displays a ‘tipping point like’ behavior, where a very small change in ocean temperature can cause a very big increase in grounding zone melting, which would lead to a very big change in flow of the ice above it,” said Alex Bradley, an ice dynamics researcher at the British Antarctic Survey and lead author of the new paper. Bradley said this finding could help explain why the ice sheets in Antarctica and Greenland are melting faster than scientists would expect, and called for incorporating seawater intrusion into the existing models.

Get Heatmap AM directly in your inbox every morning:

* indicates required
  • 4. Heat waves are shaping Americans’ summer vacation plans

    Data from Booking.com shows how the heat waves baking the U.S. are influencing Americans’ summer travel plans. Nearly 64% of vacationers indicated that rising local temperatures were a factor in their choice of vacation spot for the July 4 holiday, and about one-third of travelers are considering coastal areas, hoping that proximity to water will keep temperatures cool, Reuters reported. Panama City Beach, Florida, and Myrtle Beach in South Carolina were among the destinations seeing a rise in searches.

    5. Denmark will become first country in the world to tax farmers for methane-emitting livestock

    In a world first, Denmark will start taxing farmers for the methane their livestock emit. Methane is a very potent greenhouse gas, and livestock are a major source of emissions because ruminant animals like cows belch the stuff. Denmark’s new measure will charge farmers the equivalent of about $17 per ton of carbon dioxide equivalent starting in 2030, increasing to roughly $28 by 2035. According to The Associated Press, a typical Danish cow produces methane emissions equivalent to 6.6 tons of CO2, so the new tax could add up to about $112 per year per cow in 2030, jumping to nearly $185 per cow per year by 2035. The hope is that other countries follow Denmark’s lead and that the tax will “lay the groundwork for a restructured food industry.”

    THE KICKER

    “We have fought many wars over oil. We will fight bigger wars over food and water.” Sunny Verghese, chief executive of Singapore-based agricultural trading house Olam Agri, speaking to the Financial Times

    Yellow

    You’re out of free articles.

    Subscribe to access Heatmap’s expert analysis of climate change, clean energy, and sustainability. Save $57 on an annual subscription, just $156 $99/year.
    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
    Daily Briefing

    Exclusive: 75% of Americans Now Oppose Local Data Center Development

    The U.S. public’s support for AI data centers has continued to collapse since the spring, a new Heatmap Pro poll shows.

    A data center protester.
    Heatmap Illustration/Getty Images

    The American public has soured even further on local data center development since the spring, new polling shows.

    Three-quarters of Americans now say that they would oppose a new data center being built near where they live, according to a new Heatmap Pro poll conducted by Embold Research, and more than six in 10 Americans say they would strongly oppose such a proposal.

    Keep reading...Show less
    Energy

    Now Is the Worst Time for Diesel to Get Expensive

    Agricultural equipment largely runs on diesel, and with the harvest season coming up, that spells bad news for farmers.

    A farmer looking at diesel prices.
    Heatmap Illustration/Getty Images

    Gas prices are climbing again.

    As the United States and Iran confusingly engage following the end of a 60-day “memorandum of understanding” between the two warring countries, the fuel market has begun to readjust yet again, continuing the volatility that has confounded analysts since mid-February. While the gasoline most drivers buy has seen its price increase — the national average gas price now sits at $4.09 a gallon, according to AAA, compared to $4 a month ago and $3.13 a year ago — the most dramatic increase has been in diesel. The price of that fuel — a crucial input to the agricultural economy, as well as an important heat source in certain parts of the U.S. — now sits at $5.50 a gallon, up around 14 cents on the week and close to its peak price for the year in June. It’s also dramatically higher than the $3.70 a gallon it was selling at a year ago.

    Keep reading...Show less
    Yellow
    AM Briefing

    Operation Blue Skies

    On electrolyte factories, Josh Shapiro's flip, and Canadian clean power

    Contrails.
    Heatmap Illustration/Getty Images

    Current conditions: Firefighters are encircling Belgium’s largest fire on record, just the latest blaze in Europe as historic heat waves roast the continent • The Canadian wildfire smoke that billowed into Michigan this summer cost the state nearly $6.7 billion • The string of storms that now includes the habagat, or southwest monsoon, hammering the Philippines has displaced 5.2 million Filipinos so far.


    THE TOP FIVE

    1. Trump pushes to open 45 million acres of national forests to logging

    The Trump administration is barreling forward with a plan to open close to 45 million acres of wilderness in national forests to road construction and logging, removing protection The New York Times said has been in place for a quarter century. The U.S. Forest Service’s proposal would rescind a Clinton-era rule enacted in 2001 to bar roadways from routing through certain areas. The repeal is a major victory for Republican states and industry groups that lobbied for years to revoke the protections, and even unsuccessfully sued more than a dozen times to strike down the so-called roadless rule.

    Keep reading...Show less
    Blue