Environment

Nearly half of the coal industry is still on an expansion course in ‘reckless’ mining rush

Published

3 years ago

October 6, 2022

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The burning of fossil fuels such as coal, oil and gas is the chief driver of the climate crisis.

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Nearly half of the coal industry intends to develop new projects to exploit the world’s dirtiest fossil fuel, according to German campaign group Urgewald, with many companies refusing to retire assets even as extreme weather events become worse and more frequent across the globe.

An annual update from Urgewald and 40 partner NGOs published Thursday found that 490 of the 1,064 companies on its Global Coal Exit List were pursuing new coal power plants, coal mines or new coal transport infrastructure.

It means 46% of the companies surveyed are committed to expanding despite last year’s U.N. climate summit in Glasgow ending with a global agreement to “accelerate efforts towards the phasedown of unabated coal.”

The research, which represents the world’s most comprehensive public database on the coal industry, said less than 3% of those surveyed had announced timely coal exit dates.

“Pursuing new coal projects in the midst of a climate emergency is reckless, irresponsible behavior,” said Heffa Schuecking, director of Urgewald. “Investors, banks, and insurers should ban these coal developers from their portfolios immediately.”

Coal is the most carbon-intensive fossil fuel in terms of emissions and therefore the most critical target for replacement in the transition to renewable energy sources.

To be sure, the burning of fossil fuels such as coal, oil and gas is the chief driver of the climate crisis.

In just the last few months, historic floods submerged one-third of Pakistan, Europe experienced its hottest summer in 500 years and China recorded the most severe heatwave in climatic history.

At the same time, some European governments have reluctantly turned to coal to help prevent a winter supply shortage amid a dramatic fall in Russian gas flows. Moscow has throttled gas supplies amid a bitter energy stand-off provoked by the Kremlin’s war in Ukraine.

Clear and near coal exit dates

Speaking ahead of the COP27 climate summit in Sharm el-Sheikh next month, U.N. Secretary-General Antonio Guterres warned, “we are in a life-or-death struggle for our own safety today and our survival tomorrow.”

“This is no time for pointing fingers — or twiddling thumbs. It is time for a quantum level compromise between developed and emerging economies,” he added.

The NGOs report said there are currently more than 6,500 coal plant units globally with a combined capacity of 2,067 gigawatts. It says that whether humanity is able to keep global heating from surpassing the critical temperature threshold of 1.5 degrees Celsius depends “first and foremost on how quickly we phase out this enormous coal plant fleet.”

The 1.5 degrees Celsius goal is the aspirational global temperature limit set in the landmark 2015 Paris Agreement. It is recognized as a crucial global target because beyond this level, so-called tipping points become more likely.

The vast majority of companies on the GCEL still have no intention of retiring the coal assets, which are propelling us towards a breakdown of our climate systems.

Heffa Schuecking

Director of Urgewald

Under the IEA’s roadmap to net zero by 2050, published in May last year, the world’s richest countries must retire their coal power plants by the end of the decade — at the latest — and by 2040 for the rest of the world.

In stark contrast to high-income countries like Italy, France and the U.K., however, the U.S. has not yet set a national phase-out date for its coal power plants.

“While the warnings issued by IPCC and UNEP become more and more dire from one UN Climate Summit to the next, our data regarding companies’ transition plans remains depressingly consistent,” Schuecking said.

“The vast majority of companies on the GCEL still have no intention of retiring the coal assets, which are propelling us towards a breakdown of our climate systems. A real transition requires clear and near coal exit dates.”

Today, there are more than 6,500 coal plant units globally with a combined capacity of 2,067 gigawatts.

Saeed Khan | Afp | Getty Images

Urgewald’s Schuecking told CNBC that since the 2015 Paris accord was signed, the global coal plant fleet had seen a net increase of roughly 157 gigawatts. That’s the equivalent of Germany, Russia, Japan and Poland’s coal fleet added up together.

The research found that 467 gigawatts of new coal-fired capacity were still in the pipeline worldwide. And, if realized, these projects would increase the world’s current coal power capacity by 23%.

“Stopping investing in or financing coal developers, that should be a no-brainer. I just don’t see how anyone can be serious about the Paris goals or be an institution that takes climate seriously if you’re still involved with coal developers,” Schuecking said.

China’s coal habit

China was found to be responsible for 61% of all planned coal power capacity additions and, perhaps unsurprisingly, the top four coal plant developers were found to be Chinese companies: China Huaneng Group, China Energy Investment Corporation, China Datang Corporation and China Huadian Corporation.

The report found that with 570 million metric tons, China Energy Investment Corporation was the world’s top thermal coal producer last year. This was closely followed by Coal India, which produced 557 million tons of thermal coal in 2021.

Lidy Nacpil, coordinator of the Asian People’s Movement on Debt and Development, a regional alliance of community organizations and NGOs, said the world welcomed Chinese President Xi Jinping’s announcement last year that Beijing would stop building new coal power plants abroad.

“But China needs to adopt similar measures for its domestic energy system if it wants to become an actor for a 1.5°C world,” Nacpil said.

Environment

MOKE launches its 50 MPH open-top electric fun-mobiles in California

Published

2 hours ago

December 11, 2025

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MOKE launches its 50 MPH open-top electric fun-mobiles in California

Iconic British brand Moke International is officially landing in California, bringing a splash of retro style and electric fun to the West Coast with the launch of its California Collection. The medium-speed, open-air electric vehicles – reminiscent of classic beach buggies – are now street-legal in the state, with reservation deposits now open.

It’s a move that’s been years in the making, and we’re finally ready to see these fun-looking rides roll out on US streets thanks to a retail partnership with Shaver Automotive.

The California Collection marks the first time MOKE’s EVs are being sold in the US as fully compliant, street-legal vehicles, following a multi-year process to obtain certification under California’s tough emissions and safety regulations. The vehicles have now gone beyond the 25 MPH limitations of Low Speed Vehicles, doubling that figure to offer rides at up to 50 MPH (80 km/h).

The collection also includes three new colorways inspired by the nostalgic hues of the Golden State: ‘Sonoma Red’, ‘Laguna Blue’ and ‘Venice White.’

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As the company explained, “This foray into the state follows MOKE’s groundbreaking achievement as the first low-volume EV manufacturer to secure California Air Resources Board (CARB) approval. With unmatched quality, all genuine MOKEs are handcrafted in the UK, with over 70% of parts sourced from Europe. A limited quantity of 325 MOKEs will be available to purchase throughout the US in 2026.”

Originally based on a British military vehicle from the 1960s, the Moke evolved into a cult-favorite beach car beloved in tropical destinations from the Caribbean to the French Riviera.

Now, it’s gone all-electric, with a 54-mile (87 km) range and a top speed of 50 mph (80 km/h) from a 33 kW motor that prioritizes fun over freeway.

“Launching in California feels like a true homecoming for us at MOKE,” said Lorne Vary, CEO of MOKE International. “California’s love of sunshine, freedom, and outdoor adventure reflects everything our brand stands for. Partnering with Shaver Automotive means we can finally share that feeling with Californians who have been waiting for their MOKE moment.”

Sonoma Red, MOKE International California Collection

The Electric MOKE is available for order now in California, via Shaver Automotive, with prices starting from $49,500. That puts it well into premium territory, meaning it likely won’t replace the family car, but could be a fun plaything to park at your beach house… for those who own a beach house.

While the MOKE won’t be replacing your daily commuter or long-range EV, it could be the perfect picturesque ride along a coastal road, in a resort rental fleet, or for anyone who values open-air, zero-emission fun over raw performance.

Electrek’s Take

We’ve seen a number of street-legal Low Speed Vehicles (LSVs) make their way into beach towns and gated communities in recent years, but few bring the retro flair and lifestyle appeal of the MOKE. And by going the low-volume manufacturer route, they get to offer speeds of twice that allowed by LSVs without needing to meet as many of the complicated Federal Motor Vehicle Safety Standards (for better or for worse).

At nearly $50k, it’s a luxury toy, sure. But for the right buyer, it looks like an awesome time on four wheels. California might just be the perfect place for this beach cruiser comeback.

Oh, and I’d be remiss if I didn’t share the image below of Electrek’s founder Seth Weintraub from his youth when he used to ride old school Mokes around Macau, and with a left-hand manual 4-speed gearbox, no less!

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Environment

bp pulse cranks up DC fast charging with Arizona debut

Published

9 hours ago

December 10, 2025

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bp pulse cranks up DC fast charging with Arizona debut

bp pulse fast charging Arizona — Photo: bp pulse

bp pulse is continuing to roll out public DC fast charging across the US, and the company has opened its first-ever site in Arizona, along with new fast-charging locations in Texas, Florida, and Ohio.

In Arizona, bp pulse’s first site is now online at the Petro Travel Center in Eloy, just off Interstate 10 at Exit 200 (pictured). The location features 16 charging bays delivering up to 400 kilowatts, with both CCS and NACS connectors available. While charging, drivers can take advantage of the travel center’s onsite diner, convenience store, ATM, barber shop, and restrooms.

In South Florida, bp pulse’s new fast-charging site is at 2400 Miami Road in Fort Lauderdale, about three miles from Fort Lauderdale–Hollywood International Airport. The site features 16 charging bays, offering a mix of 150 kW and 400 kW speeds, with both CCS and NACS connectors. Its proximity to the airport makes it a handy stop for ride-hail drivers, EV rental returns, and airport pickups and drop-offs, with hotels, restaurants, and convenience stores nearby.

Texas is also getting more high-power charging, with a new bp pulse site at the Petro Travel Center in El Paso, located off Interstate 10 at Exit 37. This location offers 12 charging bays capable of delivering up to 400 kW, again with both CCS and NACS connectors. Drivers can take advantage of the diner, convenience store, barber shop, and restrooms while they charge.

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In Ohio, bp pulse has opened a smaller but still high-powered site at a TravelCenters of America location in Hebron, just off Interstate 70 at Exit 126. The site includes six 400 kW charging bays with CCS and NACS connectors, along with access to a convenience store, fast-food options, and restrooms.

These openings are part of bp pulse’s broader plan to build out EV charging across bp’s retail footprint, including bp, Amoco, ampm, Thorntons, and TravelCenters of America locations. Many of those sites are designed to combine fast charging with food, restrooms, and other travel amenities. bp has also said it plans to begin adding EV chargers at Waffle House locations starting in 2026.

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Environment

Cadillac Lyriq, Chevy Blazer EV had some of the biggest lease price drops in December

Published

11 hours ago

December 10, 2025

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Cadillac Lyriq, Chevy Blazer EV had some of the biggest lease price drops in December

The Cadillac Lyriq and Chevy Blazer EV were among the vehicles that saw the biggest lease price drops in December.

Cadillac and Chevy EV lease prices drop in December

With the $7,500 federal EV tax credit now gone, automakers are filling the gap with their own incentives. Some are passing on the savings as bonus cash, conquest cash, lease discounts, and more.

Two General Motors electric SUVs, the Chevy Blazer EV and the Cadillac Lyriq, had some of the largest lease price drops of any vehicle in December.

The 2026 Cadillac Lyriq AWD Luxury model is now listed at $439 per month for 24 months. With $4,979 due at signing, the effective rate is $646, or $28 less per month than in November.

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That’s after the Lyriq already saw prices drop by $115 a month from October. However, the December deal includes a $2,000 competitive bonus for owners and lessees of a 2011 model year or newer non-GM vehicle.

The 2026 Chevy Blazer EV FWD LT is now available to lease for as low as $319 a month for 24 months. With $6,039 due at signing, the effective rate is $571 per month, about $60 less than in November. The deal includes a $750 competitive bonus and $1,000 customer cash allowance.

Chevy and Cadillac are offering discounts across their entire EV lineup. All 2025 Chevy electric vehicles, including the Blazer EV, Equinox EV, and Silverado EV, are available with 0% APR financing for 60 months.

Intestingly, the 2026 Chevy Equinox EV is also available with 0% APR financing, while the 2026 Blazer EV is listed with 1.9% APR for 36 months.

Cadillac is offering a $2,000 conquest or loyalty bonus for the 2026 Cadillac Vistiq and select 2025/2026 Optiq and Lyriq models, plus 2.9% APR for 60 months.

The 2026 Cadillac Optiq is available to lease for as low as $319 per month for 24 months, while the 2026 Vistiq is available to lease for $619 per month for 24 months.

Want to try one out? We’ve got you covered. Check out the links below to see what Cadillac and Chevy EVs are nearby.

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