European Union demands $1B penalty from VW, BMW for hiding emissions – TechCrunch

EU fines BMW, VW $1B for running emissions cartel since the 90s – TechCrunch

To get a roundup of TechCrunch’s greatest and most important stories delivered to your inbox every day at 3:00 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 9th, 2021. We made it to Friday, be proud. But we can’t relax yet – there is a lot to do today. From fraudulent … Read more

EU fines BMW, VW $1B for running emissions cartel since the 90s – TechCrunch

EU fines BMW, VW $1B for running emissions cartel since the 90s – TechCrunch

As environmental issues really grew up in the 1990s, some German automakers met in secret groups to make sure their cars continued to diligently contribute to greenhouse gas emissions. According to the European Union, Volkswagen, Audi, Porsche, BMW and the Mercedes-Benz parent company Daimler have made illegal agreements to restrict competition in the emission control … Read more

Carbon-capture company Svante raises $75M to trap emissions at their source

Carbon-capture company Svante raises $75M to trap emissions at their source

Claude Letourneau, President and CEO of Svante. (Svante photo) Svante of Vancouver, BC, has closed a $ 75 million financing round. The company calls it “the world’s largest private investment in carbon capture from point sources to date”. Since launching in 2007, the Canadian company has developed technology that enables industrial carbon emissions to be … Read more

Microsoft cut carbon emissions 6% last year, predicts climate investments will pay off in long run

Microsoft cut carbon emissions 6% last year, predicts climate investments will pay off in long run

A quiet Microsoft campus during the COVID-19 pandemic. (GeekWire Photo / Todd Bishop) In the first year since aiming to go carbon negative by 2030, Microsoft announced Thursday that it had reduced its carbon footprint by 6% from 11.6 million tons to 10.9 million tons. It was also paid to remove an additional 1.3 million … Read more