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House Republicans are proposing to eliminate a tax credit for electric vehicles and phase out incentives to develop clean-energy projects to help pay for President Donald Trump’s massive tax package. The incentives put in place by former President Joe Biden’s signature climate law have been ripe targets for lawmakers looking for trillions of dollars to help pay for extending Trump’s tax cuts. The president himself has had a bullseye on them, deriding them as part of the “green new scam.” But the draft legislation released Monday by House tax writers may not be as bad for producers of clean electricity…

Anthony Padilla and Ian Hecox might be the faces of the YouTube comedy collective, Smosh, but behind the cameras, someone else helps run their 64-person team.Padilla and Hecox named Alessandra Catanese, Padilla’s longtime manager, CEO in 2023. This allowed the pair to focus on the creative side of their YouTube channels.Catanese handles the company’s day-to-day operations and overall business strategy. “I certainly don’t believe that every creator needs a CEO, but I do believe not every creator is a CEO,” Catanese told Business Insider.Smosh isn’t the only creator-led operation to put an outside executive in a top role in the past…

2025-05-13T15:10:06Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Microsoft plans to cut about 6,000 jobs, less than 3% of its global workforce. The cuts aim to reduce middle managers and increase coders versus noncoders, as BI earlier reported. Tech industry trends show a shift toward fewer managers, as seen with Amazon and Google. Microsoft plans to cut less than 3%…

In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 7.6 million barrels for the week ending May 9. “This follows a 2.0 million barrel draw in the prior week, with the crude balance again realizing tight relative to our expectations,” the Macquarie strategists noted in the report. “For this week’s crude balance, from refineries, we model crude runs higher (+0.3 million barrels per day). Among net imports, we model a very large increase, with exports down (-0.9 million barrels…

FILE PHOTO: Coal moves on an overland belt from inside the newly opened Ramaco Resources Inc. Stonecoal Alma mine near Wylo, West Virginia, U.S., on Tuesday, Aug. 8, 2017.Andrew Harrer | Bloomberg | Getty ImagesA small coal miner headquartered in Kentucky could play an important role in helping the U.S. break its dependence on China for rare earth elements that are crucial for national defense.Ramaco Resources unexpectedly discovered in 2023 that a Wyoming coal mine it purchased for $2 million is sitting on top of a major trove of rare earth elements. The Brook Mine outside Sheridan is estimated to…

Basel Committee to Publish Climate Risk Disclosure Framework: A voluntary framework will guide jurisdictions on climate-related financial risk disclosures. Extreme Weather Events Now a Priority: Global banking regulators will intensify analysis on the financial implications of climate-driven disasters. U.S. Pullback Highlights Global Divide: U.S. regulators scale back climate efforts, while Europe pushes climate risk integration into financial supervision. Global banking regulators have agreed to intensify efforts to assess the financial risks posed by climate change—particularly from extreme weather events—despite mounting resistance from the United States. Meeting on May 12, 2025, the Group of Central Bank Governors and Heads of Supervision…

Oversubscribed Fund: Aligned Solar Partners 6 LP closed with over $240M in commitments—exceeding its $200M target. Doubling Output: The fund targets over 150 MW across seven U.S. states, doubling Aligned’s distributed solar capacity. Strong Institutional Backing: Capital raised from global insurance firms, endowments, foundations, and family offices. Aligned Climate Capital has closed its sixth distributed solar fund, Aligned Solar Partners 6 LP (ASP6), with commitments exceeding $240 million—surpassing its $200 million target. The oversubscribed fund marks the firm’s largest investment vehicle to date, backed by major institutional investors, including global insurance companies, endowments, foundations, and family offices. “The U.S. needs…

In a warehouse just outside Phoenix, the same type of robots that usually move packages are now helping grow fresh lettuce and herbs. It’s not a distribution center—it’s a vertical farm. What’s RelatedAutoStore and ag-tech firm OnePointOne have teamed up to launch Opollo Farm, a fully automated indoor farming system that uses the same cube-based storage grid seen in e-commerce fulfillment. But instead of storing goods, these bins hold leafy greens, which are now being sold at select Whole Foods Market stores in Arizona. The robots move plants through the system, adjusting their position to give each one just the…

Envision will develop Latin America’s first Net-Zero Industrial Park in Brazil, focusing on Sustainable Aviation Fuel (SAF), green hydrogen, and ammonia. The initiative positions Brazil as a future global hub for green oil production, capitalizing on its biomass and renewable electricity. The project replicates Envision’s proven Net-Zero model from Inner Mongolia and aligns with global decarbonization goals. Envision, a global green tech leader, has partnered with the Brazilian government to accelerate the country’s green energy transition through the development of Latin America’s first Net-Zero Industrial Park. The announcement came during Brazilian President Luiz Inácio Lula da Silva’s official visit to…

Commercial-scale production of e-methanol begins: Kassø facility delivers 42,000 tonnes annually using 100% renewable energy. Industry giants adopt green fuel: Maersk, LEGO, and Novo Nordisk onboard as major offtakers to cut carbon emissions in hard-to-abate sectors. Model for global decarbonization: Strategic international collaboration showcases scalable Power-to-X technology and circular energy integration. The world’s first large-scale commercial e-methanol plant has officially opened in Kassø, Denmark, positioning itself as a cornerstone in the global transition to low-emission fuels. The €150 million Kassø e-methanol facility, a joint venture between European Energy (51%) and Mitsui & Co. (49%), is now operational and delivering 42,000…