The settlement between LG Energy Solutions and SK Innovation ensures that a battery plant in Georgia will go forward without hampering electric vehicle production.
Investments in the future don’t always involve concrete.
For decades, Democrats have countered opposition to "job-killing" environmental regulation by saying combatting climate change would create well-paying new jobs. President Biden is betting on it.
The president is hoping to make electric vehicles more affordable to turn a niche product into one with mass appeal.
The president will begin selling his proposal on Wednesday, saying it would fix 20,000 miles of roads and 10,000 bridges, while also addressing climate change and racial inequities and raising corporate taxes.
As vice president, Joe Biden oversaw a “green jobs” stimulus package that produced notable failures. This time, with more money and more demand for clean technology, will be different, Democrats say.
The proposal being prepared by the White House is intended to begin grappling with a number of big issues that President Biden focused on during the campaign.
The new president has shown a welcome interest in combating climate change. But more will need to be done.
Big oil companies lost billions in 2020 because of the pandemic and face broad questions about how they will adapt to climate change and regulations.