fossil

Transportation

“BMW’s Future Expansion Hinges on EV Integration: A Full Commitment”

While other automakers are dialing back their electric vehicle plans, BMW is quietly going all in. “The tipping point for the combustion engine was last year,” CFO Walter Mertl told journalists at a roundtable in Munich recently. The German automaker has seen sales of its fossil fuel vehicles plateau and is expecting a slow decline, he said. “Growth will come increasingly from electric vehicles.”BMW sold a record 2.5 million vehicles last year, 15% of which were all-electric. This year, the company thinks it’ll sell 500,000 EVs, or 33% more than last year.

Dylan Williams
January 18, 2024

Enterprise, Fintech, Media & Entertainment

COP28: The Long-Awaited Recognition of Global Truth

I have a confession to make: I don’t usually follow the UN climate change conference proceedings until the very end. Not because it was hosted by an oil and gas power, and not because neither President Biden nor the Pope attended. Rather, I’ve come to view all Conferences of the Parties (COP) as lagging indicators of what needs to happen. More recently, they’ve also become lagging indicators of what’s actually happening in the world. Documents leaked shortly before COP28 showed that the country was planning to use the meeting to strike oil and gas deals with 15 countries.