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Sheep on a road in view of mobile offshore drilling units in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, June 23, 2020.
Jason Alden | Bloomberg | Getty Images

LONDON — Costa Rica and Demark are spearheading efforts to build the world’s first diplomatic alliance to manage the decline of oil and gas production.

The co-leaders of the initiative, known as the “Beyond Oil and Gas Alliance,” are seeking to establish a deadline for the end of oil and gas production that would get countries aligned with the 2015 Paris Agreement. This legally binding treaty aims to limit global heating to below 2 degrees Celsius above pre-industrial levels — and preferably to 1.5 degrees Celsius. Meeting the conditions of the agreement is widely recognized as critically important to avoid an irreversible climate crisis.

The Beyond Oil and Gas Alliance is expected to formally launch at U.N.-brokered climate talks in early November, a summit known as COP26.

Until then, Costa Rica and Demark are seeking to persuade as many countries and jurisdictions as possible to join them in bringing an end to oil and gas production.

It comes at a time when policymakers are under intense pressure to meet the demands of the climate emergency. Burning fossil fuels, such as oil and gas, is the chief driver of the climate crisis, and yet the world’s fossil fuel dependency is expected to get even worse in the coming decades.

Speaking on Thursday during an online webinar hosted by the International Renewable Energy Agency, Dan Jorgensen, minister for climate, energy and utilities for Denmark, said: “The science is clear. We cannot negotiate with nature.”

“There is no scenario in which we burn all the oil and gas that we can find and in which we stay below 2 degrees — and definitely not 1.5. It is just not possible, so we need to stop.”

They are simply inferior technologies by now. They weren’t inferior last century but, in this century, given the rise of all the other alternatives that we have, they have become inferior technologies.
Christiana Figueres
Former U.N. climate chief

Denmark pledged in December last year to end all future licensing rounds on oil and gas exploration in the North Sea and put a stop date of 2050 on oil and gas production. At that time, the relatively small European country was the largest oil producer in the European Union.

“On one hand, if you look at it, it is a huge thing to ask a country,” Jorgensen said, acknowledging the challenge of trying to persuade others to sign up to the alliance.

“What you are saying, like one of my political opponents did when I proposed this in Denmark, is: ‘So, basically you want us to say no to free money? You want us to stop pumping money out of the ground so that others can do it instead of us?'”

“And I had to say: Well, yes,” Jorgensen continued. “But it is for a good reason.”

Climate hypocrisy

Andrea Meza, environment and energy minister for Costa Rica, said on Thursday that some opposition political parties were pushing the country’s government to consider using oil and gas revenues to pay for their energy transition. “We are very clear that this is not the right pathway.”

Costa Rica, a Central American country of around 5 million people, has never extracted oil. What’s more, it is currently considering a bill to permanently ban fossil fuel exploration to ensure that no future government does so.

When asked during the same webinar why other countries would consider joining their initiative, Meza said that platforms such as the Beyond Oil and Gas Alliance need to exist to show others that it is possible.

“It is just one planet,” Meza said. “This is not about doing things in the right way in the internal part of our countries and selling … all of the old technologies outside of our borders. This is not fair.”

U.S. Secretary of State Antony Blinken (C), Costa Rica’s First Lady Claudia Dobles (L) and Costa Rican Minister of Environment and Energy Andrea Meza (R) are seen during the launch of the National Land Use, Land Cover, and Ecosystems Monitoring System (SIMOCUTE) in San Jose, on June 2, 2021.
EZEQUIEL BECERRA | AFP | Getty Images

Research published in the scientific journal Nature on Sept. 9 found that the vast majority of the world’s known fossil fuel reserves must be kept in the ground to have some hope of preventing the worst effects of climate change.

Separately, analysis published by Carbon Action Tracker on Wednesday, showed that none of the world’s major economies are currently on track to contain global heating to the Paris Agreement target of 1.5 degrees Celsius.

It follows a bombshell report from the influential, yet typically conservative, International Energy Agency earlier this year. The IEA concluded that there could be no new oil, gas or coal development if the world was to reach net zero fossil fuel emissions by 2050.

Environmental activists and Native Americans march to the construction site for the Line 3 oil pipeline near Palisade, Minnesota on January 9, 2021. Line 3 is an oil sands pipeline which runs from Hardisty, Alberta, Canada to Superior, Wisconsin in the United States.
KEREM YUCEL | AFP | Getty Images

Denmark’s Jorgensen said it would be “impolite” to name specific countries, but described it as a “paradox” that many governments were touting their commitment to net zero by 2050 while also quietly planning to extract oil and gas to sell to others. These countries include the U.S., Canada, Norway and the U.K., among others.

“You are not going to burn it yourself and you think others shouldn’t either, but you will make money selling oil to other countries? It doesn’t make sense,” he added.

Jorgensen said he did not want to dismiss the fact that signing up to the yet-to-be-revealed pledges of the Beyond Oil and Gas Alliance would come with difficult economic choices, particularly those heavily reliant on oil and gas. “But, it is the tough questions that we need to ask ourselves.”

“Can we live with a future where we don’t do this? I don’t think that we can.”

‘Inferior technologies’

Speaking alongside Denmark’s Jorgensen and Costa Rica’s Meza on Thursday, former U.N. climate chief Christiana Figueres addressed the urgent need for governments to dramatically scale down fossil fuel use. She cited air pollution, caused mostly by the burning of fossil fuels, which kills an estimated 7 million people worldwide every year.

Figueres also stressed that the economic imperatives for moving beyond oil and gas were compelling. “They are simply inferior technologies by now. They weren’t inferior last century but, in this century, given the rise of all the other alternatives that we have, they have become inferior technologies.”

Pipes for the Baltic Pipe gas pipeline are stacked at Houstrup Strand, near Noerre Nebel, Jutland, Denmark, on February 23, 2021. The Baltic Pipe gas pipeline, which is to come ashore at Esbjerg, on the west coast of the Jutland peninsula, will transport ten billion cubic meters of gas every year from the Norwegian gas fields in the North Sea through Denmark and to Poland.
JOHN RANDERIS HANSEN | AFP | Getty Images

An increasing number of cities banning the use of fossil fuel burning vehicles was likely to usher in “the demise of oil,” Figueres said. The end of gas production may take longer given that it is recognized as a transition fuel, she said, but still not more than 20 to 30 years as there are alternative fuels coming on the market, such as hydrogen and ammonia, “that will be able to compete favorably.”

In summary, Figueres said the economic case, “pounding” litigation in Europe and elsewhere and a social license for these fuels that has been “completely lost,” showed that there is no more space for oil and gas production.

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JackRabbit OG2 Pro review: The fun-sized electric microbike that proves less really can be more

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JackRabbit OG2 Pro review: The fun-sized electric microbike that proves less really can be more

When it comes to electric bikes, the JackRabbit OG2 Pro barely qualifies as one – and that’s kind of the point. With no pedals, a seat barely higher than your hip, and a wheelbase shorter than some skateboards, this is less a traditional e-bike and more a bite-sized personal transporter that feels like a cross between a folding bike and an electric scooter.

But after riding it around for the past few months, I can confidently say: it’s an absolute blast. It’s more powerful than it looks, it’s easier to transport than you’d expect, and it’s simply more fun than you can imagine. It’s the small-format whip that I wish had existed years ago.

After its unveiling earlier this year and quickly finding favor in the eyes of Jackrabbit’s surprisingly large fanbase (affectionately self-referred to as “Jacko’s”), this is one ride you’ll want to give a second look.

Check out my video review for a fast and fun look at what it’s like to actually ride this small powerhouse. Then keep reading for my complete thoughts on this fun runabout!

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Tiny frame, huge grin factor

The OG2 Pro takes the quirky charm of the original JackRabbit models and pushes it further. It’s small enough to fit in a closet or the trunk of a sedan, yet powerful enough to make short urban trips legitimately fun. The 500-watt rear hub motor and 36-volt battery don’t sound overly powerful on paper, but on such a lightweight frame (just 32 pounds!), the torque hits instantly. It jumps off the line faster than most 750-watt fat-tire bikes I’ve tested. The short wheelbase also means that if you want to be aggressive with the throttle, you can really feel the thing wanting to buck. It’s not going to throw you off or wheelie (unless you want to), but it does give you a sense that it’s not as timid as it looks.

The top speed is limited to about 20 mph or 32 km/h (unless you unlock the 24 mph Off-Road Mode, which requires being 18 years of age or older and signing a waiver on JackRabbit’s website). But even stock, the 20 mph speed feels faster when you’re this low to the ground. It cruises effortlessly through neighborhoods, parking lots, and bike lanes, and feels very agile while doing it.

The handling is nimble, the turning radius is absurdly tight, and it just feels like a weird hybrid of a bike and a scooter. I know it’s a seated affair, but the fact that you can just put your feet down and stand up at any point makes it feel as free as a kickscooter where you don’t have to worry about pedals getting in the way when transitioning from riding and walking or navigating around weird obstacles on foot.

Basically, it feels fun and agile, and it simply puts a big smile on your face because of how unique it feels.

Surprisingly practical for its size

Despite its toy-like appearance, the OG2 Pro is surprisingly capable for daily use. The removable RangeBuster battery gives you 24 miles (38 km) of range – not exactly cross-country material, but more than enough for errands, short commutes, or campus hops. And since the batteries are physically quite small, it’s easy to just chuck a spare one in your backpack – or even a fanny pack, if you’re so inclined.

I found myself using it constantly for short trips – bagel runs, grocery pickups, or cruising the beach paths. You can pick it up with one hand to carry it inside or stash it behind a couch thanks to the sideways folding handlebars and folding foot pegs. That makes it less than 7″ wide (17 cm). Unlike folding bikes that still take up real space, the JackRabbit OG2 Pro just kind of disappears when you’re not using it. That makes it perfect for RV owners, apartment dwellers, or anyone with limited storage.

And yes, it really is portable. With the handlebars folded flat and the foot pegs tucked in, you can carry it right up against your body and it feels surprisingly good – not like you’re carrying an awkward folding e-bike that remains pretty far away from your body, making it feel bulkier. I’ve taken the JackRabbit OG2 Pro on elevators, tossed it in a car trunk, and even loaded it’s bigger brother (the JackRabbit XG Pro) onto a kayak.

What it’s best at: Fun and freedom

At its core, the JackRabbit OG2 Pro is a pure fun machine. There’s something liberating about not needing to pedal, shift gears, or manage settings. You twist the throttle and go – like a carefree summer toy, but for adults. It’s easy for beginners to ride, yet it doesn’t feel dumbed down.

That simplicity is exactly why it’s so addictive. I found myself grabbing it over my “real” e-bikes more often than expected. It’s the one I’d take when I just want something small and easy to ride around and smile, not think about range, cadence sensors, or pedal assist modes.

It’s just easy. “Easy” is perhaps the best word to describe it. It’s easy to use. It’s easy to carry. It’s easy to store. It gives you real, bike-like, stable transportation, but in a 30-ish lb package.

The downsides

Of course, the OG2 Pro isn’t perfect. The lack of pedals means it’s not ideal if you ever run out of battery – though the lightweight frame makes it easy enough to push. And you should never really run out of battery because… just charge the thing when you’re done with it. If you’re going more than 20 miles then this isn’t the ride for you, anyway. Just charge the battery and you’ll never have range anxiety.

The short wheelbase and lack of suspension make it twitchier and bumpier on rough pavement, so this isn’t a bike you’ll want to bomb down gravel paths or jump curbs with.

And finally, at $1,649, it’s not exactly cheap for such a small package. In fact, it’s downright pricey. You’re paying for clever engineering and convenience rather than raw power or range – and in fairness, there’s not much else like it on the market. But if you’re one of those annoying people who only look at watts per dollar, then this isn’t for you. Instead, you should buy a hair dryer. At around $50 for a 1,500W blow dryer, you just can’t beat that watt-per-dollar deal.

Final thoughts

The JackRabbit OG2 Pro might not totally replace your main e-bike, especially if exercise is part of your goal. But it could easily become your favorite one if you’re just looking for a convenient and fun way to get around. It’s that rare product that nails the “grab-and-go” lifestyle – small enough to live indoors, light enough to carry anywhere, and fun enough to make every short trip an adventure.

It’s not the fastest, the most comfortable, or the most capable e-bike out there. But it’s one of the most joyful. And in a market full of oversized fat-tire behemoths that literally weigh 3x as much, this tiny electric oddball is a refreshing reminder that sometimes less really is more.

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Tesla’s scaled-back robotaxi timeline is lagging in regulatory approval

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Tesla’s scaled-back robotaxi timeline is lagging in regulatory approval

Elon Musk recently walked back his impossible extremely ambitious robotaxi goals, shifting from a target of reaching “half the U.S. population by the end of 2025” to a more “modest” goal of launching in “eight to 10 U.S. metro areas” within the next two months.

Now, in a development that should surprise no one, a new report suggests that even this heavily scaled-back timeline is facing significant obstacles.

According to a report from The Information, Tesla is lagging on the most basic regulatory front. The company has reportedly not yet completed the necessary paperwork to begin offering robotaxi rides in Arizona and Nevada, two of the three additional states Musk has targeted for expansion by the end of 2025.

The third state, Florida, is expected to be an easier lift due to its looser regulations, which fits Tesla’s pattern of prioritizing optics over navigating real regulatory scrutiny.

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Meanwhile, in Tesla’s original home state of California, the company is still testing its service with a human safety driver sitting in the driver’s seat. This is because its current permit only allows a human to “drive a traditional vehicle.” Therefore, the “robotaxi” service in California is simply a ride-hailing service with the Tesla drivers using “Supervised Full Self-Driving.”

To operate a true autonomous service, with or without a safety driver present, Tesla would need to apply for a separate permit—one that its chief rival, Alphabet’s Waymo, already possesses and uses to offer rides in San Francisco and Los Angeles. As we’ve noted previously, Tesla has tellingly not even applied for this autonomous vehicle permit, which would likely require it to disclose critical disengagement and safety data it is unwilling to make public.

These regulatory and bureaucratic slowdowns clash with the grand vision Musk is selling. The CEO has stated that the success of Robotaxi is “critical” to his plan to pivot Tesla into an “autonomous driving and humanoid robotics company.”

This vision is also directly tied to his unprecedented new compensation package, which shareholders are set to vote on next week. That package hinges on massive goals, including putting 1 million Robotaxis into service and lifting Tesla’s market capitalization to an astronomical $8.5 trillion.

For now, the robotaxi service continues to use a version of the Model Y. The purpose-built “Cybercab,” a two-seater vehicle with no steering wheel, isn’t planned for mass production until the second quarter of 2026.

Tesla threw cold water on that program too this week as it said that it might add a steering wheel to the vehicle, which would facilitate the regulatory approval.

Electrek’s Take

This is predictable, but still frustrating. We’ve been saying for years that the technology is only half the battle; it’s far from solved. The other half is the massive, state-by-state, and even city-by-city, regulatory grind.

On the technology front, we reported yesterday that Tesla’s Robotaxi crash rate is higher than Waymo’s, even with its safety monitors preventing an unknown number of additional potential accidents.

Tesla still has a lot of work to do to make the technology safe enough to remove its safety monitor without negatively affecting safety.

On the other front, it’s one thing for Musk to set an “Elon time” goal, but it’s another to seemingly ignore the basic bureaucratic legwork required to operate in new states. To hear that Tesla hasn’t even filed the paperwork in places like Arizona and Nevada is a significant failure. It suggests the bottleneck isn’t just performance.

This whole endeavor continues to look like a dangerous game of smoke and mirrors, prioritizing optics to justify a compensation package and stock valuation that are completely detached from the reality of the technology or the regulatory hurdles ahead.

In short, Tesla either doesn’t really believe it is ready to scale Robotaxi, unlike what it has been claiming to shareholders, or it doesn’t want to release critical data to regulators, which would suggest the same thing.

In the meantime, they will deploy ride-hailing services with drivers and call it “Robotaxi”, like they do in the Bay Area.

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The biggest takeaways from the Trump-Xi meeting — what the truce covers and what is still unclear

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The biggest takeaways from the Trump-Xi meeting — what the truce covers and what is still unclear

Fmr. Amb. Nicholas Burns on Trump-Xi meeting: An 'uneasy truce' in a long, still-simmering trade war

President Donald Trump and President Xi Jinping reached a trade truce during a high-stakes meeting in South Korea on Thursday, de-escalating a dispute over rare earth elements that had threatened to push the world’s two largest economies into a full-blown trade war.

China agreed to pause for one year the sweeping export controls on rare earths announced on Oct. 9 that had touched off the dispute.

Trump told reporters aboard Air Force One that the rare earths agreement is a one year deal that will be “very routinely extended as time goes by.” The president said he plans to visit China in April and Xi will come to the U.S., either Palm Peach, Florida or Washington D.C., at a later date

“We have a deal,” Trump said. “Now, every year we’ll renegotiate the deal, but I think the deal will go on for a long time, long beyond the year. But all of the rare earth has been settled, and that’s for the world.”

Trump said he cut tariffs effective immediately on China related to fentanyl to 10% from 20%. This reduces the overall rate on Chinese goods to around 47%, the president told reporters. Trump had previously threatened the slap China with 100% tariffs on Nov. 1 over its rare earth controls.

The U.S. will postpone a rule announced on Sept. 29 that blacklisted majority-owned subsidiaries of Chinese companies on an entity list, according to a statement from China’s Ministry of Commerce.

The U.S. and China also agreed to suspend fees for one year on ships that dock in each other’s ports.

Did China win?

Beijing had surprised the White House with strict export controls on rare earths ahead of the meeting between Trump and Xi, exploiting its dominance of the global supply chain to gain leverage over Washington.

The U.S. is dependent on China for rare earths, which are used to produce magnets that are key inputs in weapons platforms, semiconductor manufacturing, electric vehicles and other applications.

Xi successfully used the rare earths export controls and a soybean embargo to force the U.S. to lower tariffs, Wolfe Research strategist Tobin Marcus told clients in a note.

The truce reached between the U.S. and China is not a comprehensive deal, said Nicholas Burns, former U.S. ambassador to China during the Biden administration.

“Where we are is an uneasy truce in a long, still simmering trade war,” Burns told CNBC’s “Squawk Box.”

Truce vague in key areas

It is not entirely clear what China has agreed to in key areas such as agriculture and energy purchases from the U.S.

Trump said Beijing has agreed to purchase large amounts of a soybeans, sorghum and other farm products. China will buy 25 million metric tons of soybeans annually over the next three years, Treasury Secretary Scott Bessent told Fox Business in an interview.

But China’s Ministry of Commerce simply said the two sides agreed to expand agricultural trade without providing specifics.

Trump said China may buy a large amount of oil and gas from Alaska but a deal still has to be reached. Energy Secretary Chris Wright and Interior Secretary Doug Burgum will meet with Chinese officials to see if such an agreement can be worked out, Trump said.

Trump said he discussed the export of Nvidia chips with Xi and will speak with CEO Jensen Huang about it. But the discussions did not cover the most advanced Blackwell graphics processing units, the president said. It is up to China and Nvidia to reach a deal, he said.

“I said that’s really between you and Nvidia, but we’re sort of the arbitrator,” Trump said on Air Force One.

China’s Ministry of Commerce said Beijing will work with the U.S. to “resolve issues related to TikTok,” though no further detail was provided. Trump did not mention TikTok during his comments to reporters aboard Air Force One or in a Truth Social post about the truce with China.

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