Latest Industrial technology News

Dems near congressional passage of climate, health package

Aug. 12, 2022 13:52 PM EDT

WASHINGTON (AP) — Democrats pushed their flagship climate change and health care bill toward House passage Friday, placing President Joe Biden on the brink of a back-from-the-dead triumph on his leading domestic goals that the party hopes will energize voters going into November’s elections. ...

EXPLAINER: How is inflation affecting commuting costs?

Aug. 12, 2022 12:20 PM EDT

NEW YORK (AP) — Gas prices have fallen from the record highs they reached earlier this summer, but they're still much higher than a year ago. And with inflation driving up the cost of pretty much everything else, finding the funds to cover your commute may be increasingly tricky. ...

Sweeping climate bill pushes American energy to go green

Aug. 11, 2022 20:37 PM EDT

WASHINGTON (AP) — After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The House is poised to pass a transformative bill Friday that would provide...

EU says US electric vehicle tax credit could break WTO rules

Aug. 11, 2022 11:37 AM EDT

BRUSSELS (AP) — The European Union expressed concern Thursday that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules. Under the Inflation Reduction Act nearing...

'We're back, baby': New bill boosts US climate credibility

Aug. 10, 2022 05:17 AM EDT

WASHINGTON (AP) — After a moment when hopes dimmed that the United States could become an international leader on climate change, legislation that Congress is poised to approve could rejuvenate the country’s reputation and bolster its efforts to push other nations to reduce greenhouse gas...

'The Sacrifice Zone': Myanmar bears cost of green energy

Aug. 09, 2022 12:49 PM EDT

The birds no longer sing, and the herbs no longer grow. The fish no longer swim in rivers that have turned a murky brown. The animals do not roam, and the cows are sometimes found dead. The people in this northern Myanmar forest have lost a way of life that goes back generations. But...

Most electric vehicles won't qualify for federal tax credit

Aug. 09, 2022 11:02 AM EDT

DETROIT (AP) — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax...

UN chief urges nuke powers to abide by no-first-use pledge

Aug. 08, 2022 05:58 AM EDT

TOKYO (AP) — United Nations Secretary-General Antonio Guterres on Monday urged countries with nuclear weapons to stick to their no-first-use commitment of their atomic arsenals, warning that the nuclear arms race has returned amid growing international tension. “This is the...

Energy secretary: Nuclear is key to meeting US energy goals

Aug. 04, 2022 17:04 PM EDT

BOISE, Idaho (AP) — Research at an eastern Idaho nuclear facility is key to boosting nuclear energy to meet President Joe Biden’s goals of 100% clean electricity by 2035 and net zero emissions by 2050, Energy Department Secretary Jennifer Granholm said. Granholm on Wednesday...

Uber's stock surges on positive trends despite big Q2 loss

Aug. 02, 2022 16:56 PM EDT

Uber's effort to meld its pioneering ride-hailing service with food and freight delivery showed progress during the past quarter even though the company sustained a huge loss stemming from a sharp decline in its outside investments. Looking past Uber's second-quarter loss of $2.6...