- “Tesla Model 3 Outsold BMW, Mercedes, Audi, And Lexus Competitors In 2nd Quarter In USA – By A Landslide!” • No car in its category comes close to matching the Model 3 for sales. Tesla sold much more than three times as many Model 3s as the runner-up BMW 3 Series. Its sales were almost as great as all other top five cars put together. [CleanTechnica]
- “Is An Oil Price Crash Coming?” • Plunging prices for batteries and renewables are driving an EV revolution so rapidly that the economics of oil “are now in relentless and irreversible decline.” That is the startling conclusion of a detailed analysis produced by BNP Paribas, which is the world’s eighth-largest bank by total assets. [The National Interest Online]
- “The Gulf Stream Is Slowing Down. That Could Mean Rising Seas And A Hotter Florida” • The Gulf Stream, the warm current that brings the east coast of Florida the mixed blessings of abundant swordfish, mild winters and stronger hurricanes, may be weakening because of climate change. It has reached its weakest point in 1,600 years. [Phys.Org]
- “First Energy To Close Last Coal-Fired Plant In Pennsylvania Earlier Than Expected” • First Energy is closing its last coal-fired energy plant two years earlier than expected. The plant in Beaver County will cease operations on November 7. Representatives of First Energy say with competition from gas and renewables, the plant is not making much money. [CBS Pittsburgh]
- “PG&E Pledges To Keep All Power Purchase Agreements Despite Bankruptcy” • PG&E said it would honor all existing power purchase agreements in a forthcoming plan to reorganize and emerge from bankruptcy. Whether legacy power contracts would survive has been a hot topic in power industry circles since bankruptcy proceedings began. [Greentech Media]
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