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Originally published by Union of Concerned Scientists, The Equation.
By Rachel Cleetus 

In the last week, Senator Manchin (D-WV) has become increasingly public with his opposition to the Clean Electricity Performance Program (CEPP), a policy designed to drive down power sector carbon emissions which is part of the reconciliation bill under consideration in Congress. With the vote margins so slim in Congress, his stance significantly jeopardizes the chances that this vital policy will survive the legislative process. At a time when the devastating, costly, and inequitable impacts of climate change around the nation — including worsening flooding in West Virginia — could not be clearer, it is deeply disturbing to see the Senator actively undermining policies that would help drive down heat-trapping emissions and protect people.

The budget reconciliation package for the Build Back Better Act, which was approved by House committees in September, marked a massive turning point in how the United States aims to address climate change, prioritize environmental justice, and create good paying jobs for working people. The package also addresses long-standing social and economic needs — including healthcare, education, elder care, and childcare. And if the climate and clean energy provisions in the package stay robust and fully funded, they would also put the nation firmly on the path to cutting emissions in half by 2030, a goal the Biden administration has committed to as part of the U.S. contribution to global efforts to limit climate change.

Simply put, the reconciliation bill is a much needed and long overdue investment in the well-being of our people and the future of our country.

But now, thanks to the intransigence of Senator Manchin, a key provision to help reduce emissions — the Clean Electricity Performance Program — is at risk of being removed from the package, and no clear alternative to cut power sector emissions has been put forth in its place. Given that the Senator does acknowledge climate change is real, this is hard to understand.

Even more egregiously, the Senator is now claiming that the nation’s clean energy transformation has already been achieved! That is simply untrue. Our nation still gets about 60 percent of its power from fossil fuels and the EIA forecasts that after declining by 19 percent in 2020 due to the pandemic-related economic crisis, coal-related carbon dioxide emissions will rise by 20 percent in 2021. Meanwhile, we need to sharply bend that emissions curve, cutting U.S. heat-trapping emissions at least in half and getting to an 80 percent clean power sector by 2030. Analysis by UCS and others shows that this goal is within reach — but we need to implement strong policies to get going right away.

Further, the overall scale of the reconciliation bill is also under attack, meaning that all of its valuable provisions — including climate and environmental justice priorities — are under threat of being cut out or severely down-scaled. Given the magnitude and severity of the crises of climate change, economic inequality, and environmental injustice our nation faces, all colliding with the ongoing COVID-19 pandemic, this is no time for Congress to shortchange the legitimate and pressing needs of people while indulging in corporate welfare to benefit the rich and powerful.

What’s all too clear from the latest developments is that the power of the fossil fuel lobby to block progress on climate action still reigns strong in Congress. Senator Manchin’s financial stake in the coal industry is well documented. His seeking to cut the CEPP calls into question whether he is prioritizing and protecting fossil fuel industry interests — which include his own — over his constituents’.

He is not alone. Senator Sinema (D-AZ) is also seeking to sharply reduce the investments in the reconciliation bill, and she has very recently held fundraisers with major industry groups opposed to provisions in the Build Back Better agenda.

And let’s not forget that every single Republican in Congress has failed to support the reconciliation bill (or any other serious policy to address climate change for that matter). What a shameful situation for these policymakers to abdicate their responsibilities as elected officials even as climate change, economic inequity, and environmental injustices strike at the hearts of communities all over the country in both red and blue states!

At this pivotal moment, when our ambitions to protect future generations from the ravages of climate change hang in the balance, let us speak plainly about what these members of Congress are doing: they are putting their narrow self-interests and the interests of the fossil fuel industry above that of their constituents. They are squandering the precious little time we have, the narrow window we have left to avert a climate catastrophe, on business-as-usual politics.

Knowing full well the devastating wildfires, heatwaves, drought, intensifying storms and flooding that the country has experienced this year — the 18 billion dollar-plus extreme weather and climate-related disasters so far this year that took 538 lives–these members of Congress choose to protect the fossil fuel industry.

Knowing full well the extreme rainfall and devastating floods that are becoming increasingly commonplace in West Virginia, and the extreme heat, drought and wildfires affecting the people of Arizona, Senators Manchin and Sinema aren’t willing to invest what’s necessary to secure a clean energy future and are thus enabling the status quo.

Knowing full well that hard-working coal miners and their communities — who have helped keep the lights on for generations — deserve investments that can help them create a prosperous and healthy future in West Virginia, Senator Manchin is seeking sharp cuts in the bill that would affect investments vital to West Virginians, including investments in social safety net programs, infrastructure, and clean energy, while protecting his financial stake in coal.

Knowing full well that fossil fuels are dirty and polluting and impose an outsize health burden on Black, Brown, Indigenous and low-income communities, these members of Congress choose to prolong that burden to prolong fossil fuel profits.

Knowing full well that in this consequential decade we must make a sharp turn away from fossil fuels to have a fighting chance of leaving our children and grandchildren a livable planet, these members of Congress choose to rely on funding from the fossil fuel industry to secure their next term in office.

Knowing full well that the U.S. stands to lose coastal properties by the millions; be exposed to dangerous summer heat unsafe for outdoor work and play; that our cities, vital infrastructure, and lives will be upended by worsening storms, floods, and fires; and that we will lose invaluable species and ecosystems, they choose to let emissions from the fossil fuel industry continue to rise.

Knowing full well that a just and equitable transition to clean energy would also be a boon for public health, job creation, and the economy, they choose to let the fossil fuel industry dictate our future.

That choice they are making is unconscionable. That choice is gravely consequential for young people around the world, today and in the future. We can have a thriving, equitable, clean, and climate-resilient economy if we are courageous enough to seize this momentous opportunity today.

Senators Manchin and Sinema, Republican members of Congress, what do you want your legacy to be? Will you be among those willing to stand up for a bold vision of a future that is clean and just, with benefits for all communities? Will you stand behind the scale of investments necessary to secure that future?

We will continue to fight alongside a diverse and powerful movement for all the incredibly important components of the reconciliation bill that are vital for our nation’s prosperity, especially those that ensure just and equitable climate action. And we urge members of Congress and the Biden administration to stop allowing fossil fuel politics to win the day when so much is at stake for our children and grandchildren.

 

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$250M Series B raise boosts XPeng AeroHT flying car ambitions

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0M Series B raise boosts XPeng AeroHT flying car ambitions

Chinese carmaker XPeng is getting perilously close to bringing its AeroHT consumer eVTOL concept to market, thanks to a $250 million Series B round that’s set to accelerate the company’s modular “flying car” production plans.

XPeng subsidiary AeroHT had its first successful proof of concept test flight ahead of the brand’s annual 1024 back in 2023, where the company unveiled a pair of flying car designs. The X3 is an actual flying “car” that can drive, park, and take off on its own, and a second, modular eVTOL that folds up into the back of an electric van called the Land Aircraft Carrier.

That vehicle pair, shown at CES in January, was set to begin production this year, with the eVTOL component set to begin production in 2026 – and that’s looking a lot more likely thanks to the new infusion of capital!

AeroHT at CES 2025


Xpeng Aeroht raised $150 million in Series B1 funding last August, before launching its Series B2 funding round. The most recent announcement that the company has secured an additional $100 million in its Series B2 funding round brings the total amount raised to more than $750 million, with a $1B pre-revenue valuation.

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CNEVPost reports that company aims to establish itself as a commercial pioneer in urban air mobility ahead of a potential IPO – and may get there sooner than later, thanks to several hundred pre-orders at the $280,000 projected price.

Electrek’s Take


flying car Dubai
AeroHT sixth-generation X3 flying car; via XPeng.

Scooter Doll said it best, writing, “this footage (of the AeroHT test flight) is as scary and concerning as it is exciting and awe-inspiring.” Which is to say that these things are real, they seem like they’re getting built, and they seem like they’ll sell well enough to convince at least one or two remaining boomers that the flying car they’ve been promised their whole lives is – finally! – coming to market.

Here’s hoping.

SOURCE: Xpeng, via CNEVPost; gallery photos by the author.


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This metro Atlanta factory roof is now a solar record-breaker

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This metro Atlanta factory roof is now a solar record-breaker

Flooring manufacturer Beauflor USA just turned on the biggest rooftop solar system by capacity in metro Atlanta — and it’s now powering part of its Georgia factory.

The new 1,040 kW system in Cartersville officially beats metro Atlanta’s previous rooftop solar record of 1,034 kW. The new array produces enough energy to power more than 100 homes. The system is expected to cover about 10% of Beauflor’s electricity needs and cut its carbon emissions by about 920 metric tons annually.

“This solar installation represents our commitment to sustainable manufacturing practices while making sound business decisions,” said Emile Coopman, continuous improvement manager at Beauflor. He added that the system is designed with room to grow: “This is the first step toward more renewable energy.”

The company partnered with Cherry Street Energy to install the nearly 2,000-panel system, which was completed in less than four months. Cherry Street invested $1.8 million into the project and is covering all construction and maintenance costs through a 30-year energy procurement agreement. Beauflor will buy solar power directly from Cherry Street, allowing it to avoid upfront capital costs while still lowering its energy bills.

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“As Georgia’s manufacturers ramp up production amid rising costs for grid energy, sophisticated operators seek ways to quickly and sustainably address their energy needs,” said Cherry Street CEO Michael Chanin. “On-site solar with no capital expense delivers just that: reliable, affordable electricity.”

Chanin added that the system’s power output is especially impressive: “The previous record-holder for metro Atlanta’s largest rooftop solar required over 4,000 panels. We’re using less than 2,000 to reliably generate even more power.”

Read more: This is New Jersey’s largest high-rise residential rooftop solar array


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

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Block shares soar 10% on entry into S&P 500

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Block shares soar 10% on entry into S&P 500

Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.

Eva Marie Uzcategui | Bloomberg | Getty Images

Block shares jumped more than 10% in extended trading on Friday, as the fintech company gets set to join the S&P 500, replacing Hess.

It’s the second change to the benchmark this week, after S&P Global announced on Monday that ad-tech firm The Trade Desk would be added to the S&P 500. Trade Desk is taking the place of software maker Ansys, which was acquired by Synopsys in a deal that closed Thursday.

Hess’ departure comes just after Chevron completed its $54 billion purchase of the oil producer, prevailing against Exxon Mobil in a legal dispute over offshore oil assets in the South American nation of Guyana.

Block will officially join the S&P 500 before the opening of trading on July 23, according to a statement from S&P. Stocks often rally when they’re added to a major index, as fund managers need to rebalance their portfolios to reflect the changes.

Most alterations to the S&P 500 take place during the index’s quarterly rebalancing. However, in the case of the closing of an acquisition, a company can be removed from the index and replaced off schedule. Last week monitoring software company Datadog took Juniper Networks’ place in the S&P 500 as part of the index’s quarterly change. 

Block’s addition brings further tech heft to an index that’s been steadily moving in that direction in recent years, reflecting the market cap gains of companies across the sector. Block, which gained popularity as Square due to the rapid growth of the company’s payment terminals, has expanded into crypto, lending and other financial services.

Founded by Jack Dorsey in 2009, Square changed its name to Block in 2021 to emphasize its focus on blockchain technologies.

Block shares are down 14% this year, underperforming the broader U.S. market. The Nasdaq is up more than 8%, while the S&P 500 has gained 7%. Still, with a market cap of about $45 billion, Block is valued well above the median company in the index.

In May, Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook, leading to a plunge in the stock price. Block’s forecast for the second quarter and full year reflected challenging economic conditions that followed sweeping tariff announcements by President Donald Trump.

“We recognize we are operating in a more dynamic macro environment, so we have reflected a more cautious stance on the macro outlook into our guidance for the rest of the year,” the company wrote in its quarterly report.

The company is scheduled to report second-quarter results after the close of regular trading on Aug. 7.

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