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☆ GM's labor deal with UAW union on verge of ratification
▼ + stars: | 2023-11-15 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsNov 15 (Reuters) - General Motors' (GM.N) tentative labor deal with the United Auto Workers (UAW) union closed in on ratification as the votes were counted on Wednesday. This would mark the first ratification of a deal, which runs through April 2028, with one of the Detroit Three automakers. The Arlington plant, with about 5,000 UAW members, has the most of any GM plant. Only nine facilities are still listed without vote totals on the UAW vote tracker, including GM's Lockport, New York, components plant with about 1,200 members. Currently, about 66% of Ford workers who have voted are in favor of the UAW deal, and about 72% of Stellantis workers have so far voted in favor, according to UAW figures.

Persons: Rebecca Cook, Stellantis, Tesla, David Shepardson, Ben Klayman, Matthew Lewis Organizations: General Motors, REUTERS, United Auto Workers, UAW, Detroit, Detroit Three, Ford, GM's, GM, Thomson Locations: Detroit , Michigan, U.S, Arlington , Texas, Arlington, Fort Wayne , Indiana, , Missouri, GM's Lansing Grand, Lansing Delta, Detroit, Fairfax , Kansas, Orion , Michigan, Lockport , New York, Michigan, Washington

☆ GM workers at big Texas plant approve UAW deal, boosting chances of passage
▼ + stars: | 2023-11-15 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. The UAW's GM vote tracking site currently shows approval of the contract leading by a 52% to 48% margin with about 22,150 workers having cast votes out of about 46,000 UAW-represented GM workers. That total does not include Arlington, which has about 5,000 UAW members, the most of any GM plant. Workers at other GM plants have voted against the deal, including 60% of workers at its Fort Wayne, Indiana truck plant, 53% at its Wentzville, Missouri plant, and 58% of workers at GM's Lansing Grand River plant. Currently, about 66% of Ford workers that have voted are in favor of the UAW deal; about 79% of Stellantis workers have so far voted in favor, according to UAW figures.

Persons: Rebecca Cook, Shawn Fain, Tesla, David Shepardson Organizations: General Motors, REUTERS, United Auto Workers, Detroit automakers, UAW, GM, Ford, Detroit, GM's, Capitol, Thomson Locations: Detroit , Michigan, U.S, Arlington , Texas, Arlington, Fort Wayne , Indiana, , Missouri, GM's Lansing Grand, Lockport , New York, Michigan

☆ G.M.’s Contract Deal With U.A.W. Faces Surprisingly Stiff Opposition
▼ + stars: | 2023-11-15 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

A United Automobile Workers union vote on a tentative contract agreement with General Motors that provides record wage increases has run into unexpectedly strong resistance from veteran workers. A majority of workers at several large plants in Michigan, Indiana and Tennessee rejected the contract, though union members at a large sport utility plant in Arlington, Texas, voted in favor of it. G.M., Ford Motor and Stellantis agreed to similar contracts with the union after U.A.W. Workers walked off the job at the first three plants on Sept. 15 and stayed on strike for more than 40 days. The agreement appears to be headed for ratification at Ford and Stellantis, the maker of Chrysler, Jeep and Ram vehicles, by comfortable margins, according to running tallies the U.A.W.

Organizations: United Automobile Workers, General Motors, Ford Motor, Workers, Ford, Chrysler, Jeep Locations: Michigan , Indiana, Tennessee, Arlington , Texas

The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them. Some officials, industry experts and others concerned about climate change uneasy supply of battery materials will not keep pace with demand. The Bipartisan Infrastructure Law assigned $6 billion in total funding for battery material processing and manufacturing. An initial round went to 15 projects including companies that mine critical minerals like graphite and nickel, used in lithium batteries. Tom Moerenhout, a professor at Columbia University's Center on Global Energy Policy, said it will be a big challenge to ramp up the global supply of critical minerals for the projected battery demand in 2030.

Persons: Harris, Jodie Lutkenhaus, “ I’m, ”, ” Lutkenhaus, Matthew McDowell, Tom Moerenhout, “, Moerenhout Organizations: Energy Department, DOE, Biden, Texas, M University, Infrastructure Law, Georgia Institute of Technology, Columbia University's Center, Global Energy, Companies, ____, AP Locations: Asia, Albemarle, Kings Mountain , North Carolina, U.S

☆ COP28’s big challenge: green cash for poor states
▼ + stars: | 2023-11-15 | by ( George Hay | ) www.reuters.com time to read: +7 min

Rather than drawing attention to this paucity of ambition, al-Jaber wants states to commit to trebling global capacity of renewable energy by 2030. Progress in China and the West is largely a function of cash: these regions accounted for 84% of the $1.3 trillion committed to global climate finance in 2022. They calculate that by 2030, developing countries need to invest around $2.4 trillion a year in order to decarbonise their economies. The problem is that the developed world has consistently missed targets to channel climate cash to less developed counterparts. In September al-Jaber announced a $4.5 billion scheme to deploy UAE state cash and private sector resources to help Africa decarbonise.

Persons: al, Jaber, hasn’t, Nicholas Stern, Stern, Ajay Banga, Mark Carney, Shriti Vadera, Larry Fink, Joko Widodo, UAE Crown Prince Mohammed bin Zayed, Nahyan, Breakingviews, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, United, Conference of, Abu Dhabi National Oil Company, United Nations, International Energy Agency, The, IEA, World Bank, concessional, Bank, Bank of England, Prudential, BlackRock, U.S, Indonesian, Africa decarbonise, UAE Crown, Thomson Locations: United Arab Emirates, Abu Dhabi, Paris, China, The U.S, British, Egypt, Indonesia, Japan, South Africa, Vietnam, U.S, Al, UAE, Africa, COP28, Dubai

☆ Scientists discern internal structure of mysterious dwarf planet Eris
▼ + stars: | 2023-11-15 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

An artist's concept of the dwarf planet Eris and its moon Dysnomia is seen in this undated illustration released by NASA. Most likely there is no liquid ocean inside Eris," Nimmo added. Eris has a diameter of about 1,445 miles (2,326 km), slightly smaller than Pluto's 1,473 miles (2,370 km). Because of its greater concentration of rock, which is denser than ice, Eris has about 25% more mass than Pluto. "Just like the Earth-moon system, tides on Eris slowly push Dysnomia away and slow down the spin of Eris.

Persons: Pluto, Eris, Francis Nimmo, Nimmo, Mike Brown, Dysnomia, " Nimmo, Brown, we've, Will Dunham, Rosalba O'Brien Organizations: NASA, JPL, Caltech, Handout, REUTERS Acquire, Rights, of California, Astronomical Union, Thomson Locations: of California Santa Cruz, Neptune

☆ Imagining Worlds That Don’t Exist
▼ + stars: | 2023-11-15 | by ( Roslyn Sulcas | ) www.nytimes.com time to read: 1 min

Es Devlin, the scenic designer, in her London studio with the “hand map” she drew for the Serpentine Galleries’ “Back to Earth” exhibition after observing London’s most endangered birds, bats, fish, fungi, plants and mammals. A version is at the Cooper Hewitt, Smithsonian Design Museum in New York. Credit... Kalpesh Lathigra for The New York Times

Persons: Es, Cooper Hewitt, Kalpesh Organizations: Smithsonian Design, Credit, The New York Locations: New York

BEIJING (AP) — China and the U.S. have pledged to accelerate their efforts to address climate change ahead of a major U.N. meeting on the issue, making a commitment to take steps to reduce emissions of methane and other greenhouse gases besides carbon dioxide. Cooperation between the world's two biggest emitters of greenhouse gases is considered vital to the success of the U.N. climate talks opening in two weeks in Dubai. A climate expert described the agreement by both countries to include methane in their next climate action plans as “a major step." The U.S. and China also said that they and the United Arab Emirates would host a meeting on methane and other greenhouse gases during the upcoming talks in Dubai. “Methane has been notably absent from China’s previous commitment,” David Waskow, the international climate director at the World Resources Institute, said in a statement.

Persons: Joe Biden, Xi, “, ”, ” David Waskow Organizations: BEIJING, U.S, Group, ”, United, World Resources Institute Locations: China, Dubai, Taiwan, Ukraine, Beijing, Washington, U.S, United Arab Emirates

☆ GM-UAW deal in jeopardy as voting goes down to the wire
▼ + stars: | 2023-11-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker's full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, October 24, 2023. DETROIT – Voting is going down to the wire on a tentative deal between the United Auto Workers and General Motors after roughly six weeks of labor strikes. A majority of UAW members at several major GM plants have voted against the pact, in most cases with a result of between 55% and 60% against. As of Wednesday morning, the UAW had not updated its vote tracker for GM to reflect several plants that voted against the deal. If the GM deal is voted down, UAW President Shawn Fain and other union leaders will need to decide how to proceed and secure a better deal for GM's union workers.

Persons: It's, Mack Trucks, Shawn Fain, Fain, Stellantis, Joe Biden Organizations: United Auto Workers, UAW, General Motors, DETROIT, Detroit automakers, Ford Motor, workforces, GM, Buick, Chevrolet, Workers, Fiat Chrysler, Ford, U.S Locations: Arlington , Texas, Michigan, Kansas, Kentucky, Missouri, Indiana

Companies Tesla Inc FollowNov 15 (Reuters) - Tesla Inc (TSLA.O) did not violate U.S. labor law by prohibiting workers at its flagship Fremont, California, assembly plant from wearing pro-union t-shirts, a federal appeals court has ruled. The electric vehicle maker adopted its uniform policy in 2017 amid an organizing campaign by the United Auto Workers union (UAW). President Joe Biden said last week that he supported the union's efforts to organize workers at Tesla and Toyota. Tesla's "team wear" policy required employees to wear black shirts imprinted with the Tesla logo. A three-judge 5th Circuit panel in March had affirmed the labor board's decision.

Persons: Tesla, Joe Biden, Elon Musk, tweeting, Daniel Wiessner, Nick Zieminski Organizations: Tesla, Tesla Inc, Circuit, Appeals, National Labor Relations Board, NLRB, United Auto Workers union, UAW, U.S, Detroit Three, Toyota, Thomson Locations: Fremont , California, New Orleans, Albany , New York

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo Acquire Licensing RightsBERLIN, Nov 15 (Reuters) - U.S. pharma company Eli Lilly (LLY.N) plans an investment in the single-digit billion dollar range in a new plant in western Germany, people familiar with the matter told Reuters after the company called a news conference for Friday. Eli Lilly said it would unveil "far-reaching investment plans" at Friday's news conference, which will be attended by Germany's economy and health ministers. Mounjaro's success helped Lilly post a 37% gain in third-quarter revenues to $9.5 billion, topping Wall Street estimates. The group's market value has ballooned to around $580 billion, up more than 65% so far this year.

Persons: Eli Lilly, Mike Segar, Mounjaro, TSMC, Lilly's, Lilly, Rene Wagner, Klaus Lauer, Ludwig Burger, Thomas Escritt, Chizu Nomiyama, Jane Merriman Organizations: Company, REUTERS, Rights, . pharma, Reuters, U.S ., U.S, Intel, European Union, Novo Nordisk, U.S . Food, Drug Administration, Thomson Locations: Branchburg , New Jersey, Germany, Rhineland, Palatinate, U.S, Ukraine, European, Indianapolis, Danish, Eisai

U.S. Special Presidential Envoy for Climate John Kerry shakes hands with his Chinese counterpart Xie Zhenhua before a meeting in Beijing, China July 17, 2023. The countries' top climate envoys, John Kerry and Xie Zhenhua, met in Sunnylands, California on Nov. 4-7 to find common ground ahead of crucial COP28 talks in Dubai starting at the end of the month. It will focus on key areas of cooperation, including abating methane and boosting efficiency and the "circular economy", and exchange information on policies and technologies to reduce emissions. They also committed to advancing "at least five" large-scale cooperation projects in carbon capture, utilisation and storage by the end of the decade. The United States and China agreed that the stocktake should show that "significantly more ambition and implementation" was required to meet the Paris goals and include calls for developed countries to meet their climate financing commitments.

Persons: John Kerry, Xie Zhenhua, Valerie Volcovici, Nancy Pelosi, COP28, David Stanway, Muralikumar Organizations: REUTERS, Rights, Dubai, Paris, Thomson Locations: Beijing, China, Rights SINGAPORE, United States, Sunnylands , California, Taiwan, Paris

☆ America and China Are Talking Again. Let’s Keep It That Way. - The New York Times
▼ + stars: | 2023-11-15 | by ( Jacob Dreyer | ) www.nytimes.com time to read: +4 min

But the sons and daughters of those builders are growing up in a very different world from their parents. There is widespread and growing discussion, for instance, of how to make Chinese society more equitable, green, urban and scientific. China is undergoing a profound transition to a high-tech, highly educated, prosperous and powerful nation that its “builder generation” could only imagine. And in frontier technologies like artificial intelligence, experts agree that a discussion without China amounts to the West talking to itself. Californians, plagued by wildfires, know that there are more immediate threats to their way of life than China.

Persons: Nicholas Burns Organizations: America, U.S, Soviet Union, U.S . Locations: China, United States, Russia, Iran, North Korea, Beijing, America, Soviet, China —, Soviet Union, Washington

☆ Storms, Rising Seas and Salty Drinking Water Threaten Lower Louisiana
▼ + stars: | 2023-11-15 | by ( Jacey Fortin | ) www.nytimes.com time to read: +1 min

But the reprieve to New Orleans meant little to those who live south of the sill. The corps shipped fresh water to treatment plants in lower Plaquemines, and parish officials used booster pumps to pull water from upstream. In mid-October, they told residents that the water was finally safe. Ironton’s water is piped from upstream, and like New Orleans, the salt did not reach it this fall. But residents say that after decades of neglect, they avoid drinking the water anyway.

Persons: “, Ms, LeFort, “ I’m, Ike, Isaac, Ida, Wilkie Declouet, Declouet Organizations: Hurricanes, Deepwater Locations: New Orleans, Ironton

DETROIT (AP) — Voting on a tentative contract agreement between General Motors and the United Auto Workers union that ended a six-week strike against the company appears too close to call after the latest tallies at several GM factories were announced Wednesday. However a factory in Arlington, Texas, with about 5,000 workers voted more than 60% to approve the deal in tallies announced Wednesday. In most cases the vote tallies ranged from 55% to around 60% against the contract. But in Arlington, production workers voted 60.4% in favor and nearly 65% of skilled trades workers approved the deal, making the tally tight. The union's vote tracker shows that 79.7% voted in favor with many large factories yet to finish.

Persons: hasn't, General Motors, Tony Totty, ”, “ Organizations: DETROIT, General Motors, United Auto Workers, General, Local, GM, UAW, Detroit Locations: Arlington , Texas, Fort Wayne , Indiana, Wentzville , Missouri, Lansing Delta Township, Lansing Grand River, Michigan, Toledo , Ohio, Arlington, Ford, Toledo, Detroit

That has been a sticking point for the United States in months of discussions with Beijing on climate change. The United States and China have an outsize role to play there as nations debate whether to phase out fossil fuel. That is significant because the current Chinese climate goal addresses only carbon dioxide, leaving out methane, nitrous oxide and other gases that are acting as a blanket around the planet. Then, early this year, an American fighter jet shot down a Chinese spy balloon that had floated over the continental United States. When it comes to climate change, no relationship is as important as the one between the United States and China.

Persons: Biden, Xi Jinping, ”, David Sandalow, Clinton, Obama, Sandalow, they’re, Mr, John Kerry, Xie Zhenhua, “, Xi, Manish Bapna, ” Mr, Bapna, Kerry, Xie, Valerie Volcovici, Nancy Pelosi, Kerry’s, optimistically, . Biden, Donald Trump, Keith Bradsher Organizations: Hamas, Columbia University’s Center, Global Energy, International Energy Agency, U.S ., Cooperation, Natural Resources Defense Council, Beijing, Republican Locations: Bohai, Weifang, China, United States, Taiwan, Ukraine, Israel, Beijing, Dubai, United Nations, United Kingdom, U.S, California, ”, Europe, American, America

☆ Drought Leaves Midwest Towns ‘Drier Than the Dust Bowl’
▼ + stars: | 2023-11-14 | by ( Shannon Najmabadi | ) www.wsj.com time to read: 1 min

As the nation’s pipes and treatment plants age, water-main breaks and boil-water advisories are becoming increasingly common. WSJ explains how decades of disinvestment brought the country’s water infrastructure to a tipping point. Photo illustration: Ryan TrefesTowns in Mid-America are facing water shortages as they grapple with a multiyear drought. The southeast Kansas city of Caney will run out of water by March 1 without rain, officials said. Four wells in Belle Plaine, Iowa, are producing 40% as much water as usual.

Persons: disinvestment, Ryan Organizations: Ryan Trefes Towns Locations: Ryan Trefes, Mid, America, Kansas, Caney, Belle Plaine , Iowa, Osceola, Des Moines

☆ One of Japan’s most elegant hotels is actually a treehouse
▼ + stars: | 2023-11-14 | by ( Mayumi Maruyama | ) edition.cnn.com time to read: +5 min

A Japanese children’s book called “I Want a Big Tree” sparked the dream of having a treehouse one day. A family affair“I didn’t get much support initially when I had this [treehouse] idea,” Kikugawa says. Now we are working together through this sustainable treehouse resort to protect it and send a message to others on its values.”The rustic view from one of Treeful's rooms. Building a treehouse, building a legacySeven years after Kikugawa started building a treehouse, the resort opened in 2021. Treeful Treehouse Sustainable Resort, 578, Genka, Nago City, Okinawa, 905-1141, Japan.

Persons: Satoru Kikugawa, Kikugawa, ”, ” Kikugawa, Maha, Donna Organizations: CNN, Inc, YouTube, University of Miami, CNN Travel, Guinness World Records, USAID Locations: Tokyo, Borneo, Okinawa prefecture, Okinawa, Costa Rica, “, Japan, Cambodian, Phnom, Siem Reap, It’s, Cambodia, OKA, Genkawa, Nago City

More than 1,200 people in Israel died, most of them in the Hamas attack, and about 240 hostages were taken from Israel into Gaza by Palestinian militants. The army said Tuesday that it has captured Gaza’s legislature building, the Hamas police headquarters and a compound housing Hamas’ military intelligence headquarters. Israeli news sites showed pictures of Israeli soldiers hoisting the Israeli national flag and military flags in some of the buildings. The Israeli military did not give a reason for her death, while Hamas said she was killed in an Israeli strike. On Nov. 5, the Israeli military struck a car on the road between the southern Lebanese towns of Ainata and Aitaroun.

Persons: —, Gilad, Luiz Inácio Lula da Silva, Lula, ” Lula, “, Lynn Gottlieb, KNTV, WASHINGTON, Janet Yellen, Shelly Shem Tov, Omer Shem Tov, Benjamin Netanyahu, JERUSALEM — Vivian Silver, Silver, Yonatan Zeigen, ” Zeigen, Noa Marciano, Marciano, ”, Israel, Iqbal Abu Saud, Ramzi Kaiss, Israel’s, KFAR, Ayelet, David Kachko Kazir, Aftonbladet Organizations: Palestinian, Hamas, Health Ministry, “, FIRE, Jewish, Peace, Berkeley, Consulate, Grand, Station, New York, Islamic, Treasury Department, TEL, JERUSALEM TEL, Israel, JERUSALEM, Israel Radio, Rights Watch, Israel — Residents, DR Locations: Gaza, Israel, Gaza City, Palestinian, Gaza's, Detroit, israel, ISRAEL, GAZA, JERUSALEM, DE JANEIRO, Brazil, “, CALIFORNIA, FIRE OAKLAND, California —, Oakland , California, Chicago, New York, United States, Islamic Jihad, Iran, Lebanese, United Kingdom, U.S, TEL AVIV, JERUSALEM TEL AVIV, Tel Aviv, Jerusalem, Canadian, BEIRUT, Lebanon, Ainata, Rights Watch Lebanon, KFAR AZA, Israel —, Kfar Aza, SWEDEN, DENMARK, COPENHAGEN, Denmark, Sweden, Danish, Egypt

☆ China emissions could go into 'structural decline' next year - research
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, Nov 14 (Reuters) - China's greenhouse emissions could start going into "structural decline" as early as next year as power generation from fossil fuels starts to fall, analysis from the Helsinki-based Centre for Research on Energy and Clean Air (CREA) showed. However, CREA's lead analyst, Lauri Myllyvirta, said emissions could start to go into "structural decline" as early as 2024, despite an estimated rebound of 4.7% year on year in the third quarter of 2023. Factors such as record levels of new renewable installations, a rebound in hydropower generation and a moderate economic recovery that has not relied on infrastructural investment "all but guarantee" a decline in China's CO2 emissions next year, he said. "This would push fossil fuel use - and emissions - into an extended period of structural decline." Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Xie Zhenhua, Lauri Myllyvirta, David Stanway, Gerry Doyle Organizations: Research, Energy, Clean, Carbon, Thomson Locations: SINGAPORE, Helsinki, Dubai

☆ UN mourns more than 100 staff killed in Gaza, the highest number killed in any other conflict in its history
▼ + stars: | 2023-11-14 | by ( Hande Atay Alam | Helen Regan | ) edition.cnn.com time to read: +6 min

“In the last 24 hours, one UNRWA staff member was killed with her family in the north of the Gaza Strip due to strikes,” the agency said in a statement. “This is the highest number of United Nations aid workers killed in a conflict in the history of the United Nations.”UN offices around the world lowered their flags to half-mast and UN staff held a moment of silence Monday to mourn and honor their colleagues killed in Gaza. “They were teachers, school principals, health workers, including a gynecologist, engineers, support staff and a psychologist,” the statement said. Israel’s current siege and bombardment has created a deepening humanitarian crisis with desperate conditions inside Gaza, including the near total collapse of the healthcare system and the widespread destruction of whole neighborhoods. This is the area of Gaza to which the Israeli military has instructed civilians in the north of Gaza and Gaza City to move.

Persons: “, ”, Antonio Guterres, Volker Türk, Israel, Thomas White, White, Philippe Lazzarini, “ They’re, ” Lazzarini, –, Khan Younis, Tim Lister, Niamh Kennedy, Tamar Michaelis, Kareem El Damanhoury Organizations: CNN, United, UN, United Nations Relief, Works Agency for Palestinian Refugees, Hamas, United Nations, Palestinian Ministry of Health, UNRWA, Human Rights, UNRWA Affairs, Protect Journalists Locations: United Nations, Gaza, “, New York, Ramallah, Israel, Rafah, Wadi Gaza, Gaza City

Biden sought to kickstart SAF production with a $1.25 per gallon production tax credit in the IRA. To be eligible for the credit, SAF producers must demonstrate their fuel is 50% lower in emissions than conventional jet fuel. The DOE spokesperson confirmed that ethanol producers must cut emissions of they want a long-term role in SAF production. Still, ethanol producers need carbon pipelines because many ethanol plants are not near geologically appropriate underground storage sites. Other options for reducing ethanol's carbon intensity include using renewable energy at ethanol plants, or climate-friendly farming practices for corn.

Persons: Tom Mihalek, Valero, Joe Biden's, Homer Bhullar, Biden, MARK, Barry Glickman, Nikita Pavlenko, Pavlenko, Leah Douglas, Laura Sanicola, David Gregorio Our Organizations: Eco Energy, REUTERS, Rights, SAF, U.S, Carbon Solutions, Valero Energy, U.S . Department of Energy, DOE, Honeywell, Biofuels, Growth Energy, Navigator, CCS, International Council, Clean Transportation, Thomson Locations: Philadelphia , Pennsylvania, U.S, Omaha, Iowa, Denver, Maine, North Dakota, South Dakota, Wolf's, Illinois

☆ Toyota, Honda and Hyundai are raising wages in wake of big UAW wins
▼ + stars: | 2023-11-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —The United Automobile Workers’ won big wage and benefit gains in tentative contract agreements with Ford, General Motors and Stellantis. Now, non-union companies are rushing to give their non-unionized workers raises, too. Toyota said it’s raising wages by more than 9%, and Honda announced 11% wage hikes beginning next year. While the auto companies didn’t directly attribute their raises to the UAW, the UAW has said it will be targeting non-union factories in the wake of its big wins. UAW President Shawn Fain already encouraged non-union autoworkers to join the UAW, and Fain has called the non-union wage increases the “UAW bump.” The UAW hopes its new contracts with Detroit automakers will inspire other workers to unionize.

Persons: ” Hyundai, ”, A.J, Jacobs, Shawn Fain, autoworkers, Fain, ” Fain, Tesla, Thomas Kochan Organizations: New, New York CNN, United Automobile Workers ’, Ford, General Motors, Toyota, Honda, Hyundai, UAW, Labor, East Carolina University, Foreign, Detroit, Subaru, Volvo, BMW, Mercedes, MIT Sloan School of Management Locations: New York, Alabama, Georgia, United States, “

☆ Orsted's finance and operations chiefs out after big losses
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and delays in the supply chain struggling to cope with growing demand. Orsted, the world's largest offshore wind developer, on Nov. 1 scrapped two U.S. offshore wind projects, flagging $5.6 billion in related impairments after delays, partly due to vessel availability, meant costs soared. "Together with the finance team and the group executive team, Rasmus Errboe will lead the work on supporting Orsted's capital structure and long-term commitment to its credit rating," the company said. Board member Andrew Brown, who has executive experience from Shell and Portugal's Galp, was appointed interim COO, Orsted said. The company said contracts it had signed for its U.S. offshore wind projects were secured recently and were therefore more reflective of current costs.

Persons: Tom Little, Rasmus Errboe, Andrew Brown, Daniel Lerup, Richard Hunter, Orsted, Mads Nipper, Nipper, Essi Lehto, Susanna Twidale, Louise Rasmussen, Mark Potter Organizations: REUTERS, Shell, RWE, Thomson Locations: Nysted, Denmark, HELSINKI

☆ U.S. and China Agree to Displace Fossil Fuels by Ramping Up Renewables
▼ + stars: | 2023-11-14 | by ( Lisa Friedman | More About Lisa Friedman | ) www.nytimes.com time to read: +1 min

The United States and China, the world’s two largest climate polluters, have agreed to jointly tackle global warming by ramping up wind, solar and other renewable energy with the goal of displacing fossil fuels, the State Department said Tuesday. The announcement comes as President Biden prepares to meet Wednesday with President Xi Jinping of China for their first face-to-face discussion in a year. The statements of cooperation released separately by the United States and China do not include a promise by China to phase out its heavy use of coal, the dirtiest fossil fuel, or to stop permitting and building new coal plants. That has been a sticking point for the United States in months of discussions with Beijing on climate change. That appears to be the first time China has agreed to cut emissions in any part of its economy.

Persons: Biden, Xi Jinping Organizations: State Department, Hamas Locations: States, China, Taiwan, Ukraine, Israel, United States, Beijing

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