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An oil pipeline stretches across the landscape outside Prudhoe Bay in North Slope Borough, Alaska, May 25, 2019.

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Alaska can be a rugged and unforgiving place, and that’s not just its landscape. Its economy is prone to big booms and wrenching busts. Lately, it has seen more busts.

More than any other state, Alaska is dependent on oil. As much as 85% of the state’s unrestricted general fund revenue comes from oil production, according to state estimates. In some years, it has been well over 90%. But oil production has been in long-term decline in the state, which was once America’s No. 1 producer of crude but has been surpassed by several shale oil boom states, including Texas, New Mexico and North Dakota. Alaska’s crude production in 2022 was roughly equal to that of Oklahoma, and it hit the lowest level since 1976, according to Energy Department data.

This trend helps explain why Alaska‘s economy performed worse than any other state last year, according to the Commerce Department, shrinking by 2.4%. And it explains why the Last Frontier finished dead last in CNBC’s 2023 America’s Top States for Business rankings.

In addition to a last-place finish in the Economy category, Alaska ranks 49th in the Infrastructure, Education, and Access to Capital categories. It finished 48th in Cost of Doing Business. This is the seventh time since 2007 that Alaska has finished at the bottom, and the third time in the last five studies.

Alaska’s carbon turnaround plan for the future

Alaska isn’t giving up on crude. Recent approvals such as the controversial Willow Project have led state officials to forecast an increase in production in the years ahead. But Gov. Mike Dunleavy and the state legislature have a plan that they hope will reverse Alaska’s fortunes once and for all, by making the state less susceptible to gyrations in the oil market.

“Alaska was built on a promise that we would be north of the future. That we would be visionary,” Dunleavy, a Republican, said at a news conference May 23.

Dunleavy was marking the signing of SB 48, legislation that officially puts the state in the carbon business.

“Just like oil, just like gas, just like our timber, this is a commodity that can be monetized now,” he said.

The Tongass National Forest on Prince of Wales Island, Alaska, July 2, 2021.

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Under the new law, Alaska will be able to sell so-called “carbon offset credits,” capitalizing on the state’s vast public forest lands. Companies that emit carbon will be able to buy the credits, effectively paying the state to preserve and protect its forests, thereby canceling out, or offsetting, those emissions.

What the state doesn’t spend on maintaining its forests, it can keep as revenue.

Alaska Natural Resources Commissioner John Boyle, who is working on the rules to implement the program, said in an interview with CNBC that the market for the new credits could be huge as companies discover the limits of carbon reduction technology.

“Across America, and in the rest of the world, you see a number of companies that have set very aggressive net zero (emission) targets for themselves,” he said. “Ultimately, in order for a lot of these companies to be able to hit the targets that they’ve set for themselves, they’re going to need to look for other options for offsets.”

The emissions offset market is growing

Carbon offset programs are already gaining popularity around the world. The California Air Resources Board operates an extensive offset program that the state says is an essential part of its program to reduce greenhouse gas emissions.

When Dunleavy unveiled the legislation in January, he noted that Alaska’s Native Corporations have generated $370 million in revenue selling offset credits since 2019.

The state has not offered any estimates of how much revenue its program could generate, but Boyle said it could begin making money soon.

“I don’t think it’s unfair to say that the state fully anticipates seeing revenue within a relatively short period of time, likely within the next 12 to 18 months,” Boyle said. “We fully expect to see some new revenues coming in as companies acquire our leases and do other things to prepare themselves to develop carbon offset projects.”

More coverage of the 2023 America’s Top States for Business

Carbon credits are controversial

Alaska is all in on the plan. The bill passed the state Senate unanimously; only two members of the House voted against it.

But outside Alaska, there is no shortage of skepticism.

“Multiple lines of evidence suggest that Alaska’s forest carbon offsets program could produce carbon credits that don’t represent real climate benefits,” wrote Freya Chay and Grayson Badgley of the climate research group CarbonPlan in a commentary published in May. 

They note that while the program promises to protect Alaska’s forests and the climate benefits they provide, it also promises not to reduce timber harvests. The researchers said the credits appear to be structured to “simply reward a landowner for doing what they already planned on doing.”

“Although this could be a win for the State budget, it would be a loss for the climate — and for the credibility of the voluntary carbon market,” they wrote.

Boyle argues that the funding from the offset credits will allow the state to manage its forests more effectively and efficiently. That way, he said, the state will eventually have larger forests — with more trees to capture carbon, and more timber left over to harvest.

“That gives you a margin by which, if you choose, you can do some selective timber harvesting, as long as you maintain a level that is appropriate with the baseline that’s been established,” he said.

Carbon credits are just the beginning of Alaska’s plan to transform its economy. Dunleavy has also proposed creating a “carbon sequestration” program, where the state would capture its carbon emissions — or accept shipments of carbon captured elsewhere — and inject them into underground storage beneath Alaska’s huge expanses of open land.

“There’s a real ability here to move the needle in managing the world’s carbon and storing it for geologically significant periods of time,” Boyle said.

They believe that there is also an ability to diversify Alaska’s economy and make it competitive again, while helping the planet at the same time.

America's Top State for Business 2023 is North Carolina

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The EV tax credit may be going away, but Rivian EVs could still qualify in 2026, including the R2 [Update]

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The EV tax credit may be going away, but Rivian EVs could still qualify in 2026, including the R2 [Update]

While the current majority in DC shared intentions to likely kill the existing $7,500 federal EV tax credit, some language in a (very fluid) proposal suggests that not all automakers will be immediately affected. For example, Rivian is an American automaker whose sales are young enough that US consumers might still be able to take advantage of the tax credit, and that could also include the upcoming R2 EVs.

May 13, 2025: As expected, the House Ways and Means Committee published markups of “The One, Big, Beautiful Bill” to the public domain. As we reported below, the proposal includes ending several federal tax programs on December 31, 2025.

That includes termination of the Qualified Commercial Clean Vehicles Credit and the Alternative Fuel Vehicle Refueling Credit, as well as the Energy Efficient Home Improvement Credit.

Lastly, the proposal includes a termination of the Clean Vehicle Credit at the end of this year. However, as originally reported below, there is an exception for automakers who have not sold at least 200,000 vehicles between December 31, 2009 and December 31, 2025.

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That means Rivian EVs could very well still qualify for federal tax credits through December 31, 2026.


The past two years, federal tax credits for EV sales through the Inflation Reduction Act have done wonders for US adoption, helping give consumers the last little push they needed to go all-electric with at least one vehicle in their home.

It was great while it lasted.

These days, the current administration has its sights set on a delusional idea of “success” from the past, trying to breathe new life into dying industries like coal and, yes, combustion vehicles. EV adoption was never going to happen overnight, but recent discussions among the GOP stating it is likely to kill the federal EV tax credit is disheartening news.

We’ve already long-surpassed “critical mass” in the US adoption process, so it’s a fair wager that EVs are here to stay and will continue increasing their market presence. While most makes and models are likely to be disqualified from federal EV tax credits after 2025 (only about 20 or so currently qualify these days), some proposed exceptions in place will allow credits to continue for American companies like Rivian, for example.

Rivian-Trump's-tariffs
Rivian R1T (right) and R1S (left) Source: Rivian

Proposal states Rivian EVs could qualify for tax credits after 2025

According to Reddit user u/FiveDollarHoller, they are a lobbyist in the midst of Washington’s discussions to repeal the federal EV tax credit. According to the post, the US House Ways and Means Committee will finalize its tax title this week.

According to proposal shared by reliable source close to the lobbyist, a slew of credits will be eliminated on December 31, 2025, including the following:

  • Used EV credit
  • Clean Vehicle Credit
  • Qualified Commercial Clean Vehicle Credit
  • Alernative Fuel Vehicle Refueling Proprty Credit

We share the same sentiment as the lobbyist in that this proposal remains fluid and discussions are ongoing, so the details of these plans could have already changed by now and most likely will change before everything is approved through the necessary government channels.

One interesting tidbit in the current proposal is an exception within the $7,500 Clean Vehicle Credit for OEMs that have not sold 200,000 vehicles by December 31, 2025. If that exception makes its way into the final legislature, EVs from Rivian, including the R1S and R1T, could still qualify for tax credits.

Better still, Rivian recently shared that it remains on track to begin scaled production and deliveries of its second flagship model, the R2, in 2026, meaning customers of that BEV could also qualify for federal tax credits.

At the end of 2024, Rivian had sold 51,579 compared to 50,122 a year prior and 20,332 deliveries in 2022. Per its recent Q1 2025 quarterly report, the American automaker targets 40,000 to 46,000 deliveries in 2025. By those numbers, that puts Rivian around approximately 168,033 total deliveries if it hits the high end of its 2025 outlook.

As such, Rivian’s numbers would fall below the 200,000 sales threshold outlined in the current proposal. Again, this is hearsay at most until we get a legitimate proposal publicized by the Capitol. Still, it’s a noteworthy potential perk for companies like Rivian if it comes to fruition. It could also incentivize more US consumers to purchase a Rivian since it could be one of the only OEMs that still qualify (along with Lucid, probably).

Per the IRS, despite being built in Normal, Illinois, the Rivian R1 models are not listed as qualified BEVs for the $7,500 tax credit. We will have to see how this all plays out in the coming days and months.

Per the Reddit post, the complete text of the EV tax credit repeal proposal is supposed to be shared today (Monday) at 2 PM. Once a bona fide proposal is in place, it will still need to be approved by the House Ways and Means Committee, then the House, followed by the Senate (which may be a lot more challenging to get approved).

We will monitor this process closely, which will likely last well into 2025, and will report on what EVs (if any) may still qualify for federal tax credits next year and whether that will include Rivian. Regardless, if you’re pondering the idea of purchasing a BEV (Rivian or not), you should try to take delivery before the end of the year because the federal EV tax credit doesn’t appear long for this world.

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RIC Robotics shows off giant construction robot coming to job sites in 2026

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RIC Robotics shows off giant construction robot coming to job sites in 2026

RIC Robotics just teased a 20-foot tall, AI-driven construction robot it calls, “the world’s first Giantroid.” There’s a few dudes in Japan who may dispute that claim, but there’s no question that this all-terrain robot has the potential to revolutionize the way big jobs get done!

While most famous for “3D printing” a 5,000 sq-ft. Walmart expansion construction job in under seven days, RIC Robotics are industrial automation experts who (they claim) are perfectly positioned to bring cognitive AI onto the world’s construction sites. And their latest concept, the Zyrex Giantroid, promises to be the machine to do it.

Unlike humanoid robots designed that are designed to replace humans in a 1:1 swap, the Zyrex is purpose-built for construction, and capable of performing both heavy-duty tasks, like heavy material handling and demolition, as well as delicate trades like welding, assembling, trimming, carpentry, and more.

“We’re not just building another robot ,” explains Ziyou Xu, founder of RIC Robotics, in an apparent dig at the more humanoid Tesla Optimus. “We’re engineering the future of construction with Zyrex … we’re addressing the industry’s labor shortages with powerful robotics capable of performing skilled work at scale.”

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The company claims the Giantroid will be ready for production early next year, be powered by a “self-charging” li-ion battery pack (translation: it plugs itself in), and make its way around human-centric job sites using a combination of AI, LiDAR, and optical cameras.

RIC Robotics estimates its Zyrex construction robot will be priced at “under $1 million,” and be made available with monthly leasing options starting below $20,000. More detailed specs aren’t available yet, so be sure to watch this space.

Electrek’s Take


3D printing a new Walmart; via RIC Robotics.

Even as wages seem to climb and the need for more housing and construction climbing along with them, the global shortage of construction workers and equipment operators continues apace. That’s why more autonomous and remote-operation solutions are needed, and why RIC Robotics is, I think, on the right path here.

As for the need for a Giantoid instead of humanoid, I’ll leave that to Xu. “If Tesla’s Optimus is the Ironman of the Avengers,” he says, “then Zyrex is the Hulk.”

SOURCES | IMAGES: RIC Robotics; via Equipment World, Robotics and Automation.


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Hackers turn Nissan LEAF into full-scale RC car, record drivers’ conversations [video]

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Hackers turn Nissan LEAF into full-scale RC car, record drivers' conversations [video]

A team of white hat European hackers using their brains, keyboards, and a couple of bits and baubles from eBay managed to take control of a 2020 Nissan LEAF and violate just about every privacy and safety regulation in the process.

The best part: they recorded the whole thing.

Budapest-based cybersecurity experts PCAutomotive were able to exploit a number of vulnerabilities in a 2020 Nissan LEAF that enabled the white hat team to geolocate and track the car, record the texts and conversations happening inside the car, playing media back through the car’s speakers, and even (this is the genuinely terrifying dangerous part) turning the steering wheel while the car was moving. (!?)

Maybe the scariest part of this hack, however, is how seemingly easy it was to pull off by starting with a “test bench simulator” built using parts from eBay and exploiting a vulnerability in the LEAF’s DNS C2 channel and Bluetooth protocol.

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The PCAutomotive team gave a hugely detailed 118-page presentation of their exploit at black hat Asia 2025, which we’ve included at the bottom of this post, in case the original link goes dead. If you’re into that sort of thing, the fun stuff starts around page 27. And, if you’re not, just know that all the vulnerabilities were disclosed to Nissan and its suppliers between 02AUG2023 and 12SEP2024 (p. 116/118), and the “attack” itself can be seen in the video below that. Enjoy!

Summary of vulnerabilities

  • CVE-2025-32056 – Anti-Theft bypass
  • CVE-2025-32057 – app_redbend: MiTM attack
  • CVE-2025-32058 – v850: Stack Overflow in CBR processing
  • CVE-2025-32059 – Stack buffer overflow leading to RCE [0]
  • CVE-2025-32060 – Absence of a kernel module signature verification
  • CVE-2025-32061 – Stack buffer overflow leading to RCE [1]
  • CVE-2025-32062 – Stack buffer overflow leading to RCE [2]
  • PCA_NISSAN_009 – Improper traffic filtration between CAN buses
  • CVE-2025-32063 – Persistence for Wi-Fi network
  • PCA_NISSAN_012 – Persistence through CVE-2017-7932 in HAB of i.MX 6

Remote exploitation of Nissan LEAF



Electrek’s Take


Nissan-Bolt-EV-LEAF
2024 Nissan LEAF; via Nissan.

This is one of those posts that, on the bright side, does a great job explaining how a remote operator can “log in” to a vehicle and steer it out of trouble when a weird or edge-case-type situation pops up.

Unfortunately, this is also one of those posts that some of the more clueless anti-EV hysterics will point to and say, “See!? EVs can get hacked!” But the reality is that virtually any car with electric power steering (EPS), electronic throttle controls, brake-by-wire, etc. can be hacked in a similar way. But, while steering a target’s car into an oncoming semi might be a great way to pull off a covert CIA assassination, the more worrying issue here is the breach of privacy and recording – unless you want to spend some time in El Salvadoran prison, I guess.

Remember, kids: Big Brother is watching you.

SOURCE | IMAGES: black hat.


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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