Emissions from electricity and transportation are projected to fall over time, a new report finds, but industry remains a major climate challenge.
The move is the oil giant’s first foray in the production of a metal vital for electric vehicle batteries.
President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales.
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
When not driving around, electric buses and other vehicles could help utilities by storing their solar and wind energy and releasing it to meet surges in demand.
The administration said 15 clean energy projects were making solid progress and that it was on track to meet its goals for 2025.
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
The prediction, which has stirred controversy among oil producers, is a sign of a sweeping transformation in the global energy landscape.
Even as technologies like wind, solar and electric cars spread, nations are falling far behind in building the power lines needed to support them.
The agreement could help speed up the development of large solar projects that are often bogged down by fights over land use and environmental concerns.