The funding includes £2 billion for the automotive industry, £960 million for clean energy and £975 million for aerospace, the Treasury said.

The agreement was signed by the Philippines’ energy secretary and U.S. Secretary of State Antony Blinken November 16 in San Francisco, California.

The approval locks in the UAW’s deal with Stellantis through April 2028 and includes a 25% wage hike over the life of the contract.

The savings as well environmental benefits of plug-in hybrid electric vehicles (PHEVs) vanish when fleet drivers fail to charge and become overly reliant on the gasoline engine.

The DOE is looking to strengthen the U.S.’s battery supply chain because the estimated demand for lithium is expected to increase tenfold by 2030.

At a conference in Pohang, industry group Battery Norway pitched Korean companies, including LG Energy Solution Ltd., Ecopro Materials Co. and Posco Future M Co. on why they should cooperate.

Bernadette Bulacan, chief evangelist with Icertis, talks about what’s needed today for companies to comply with environmental, social and governance (ESG) requirements in collaboration with their supply chain partners.

Prior to these rejections, 52% of UAW members at GM's Flint, Michigan plant voted against the proposed contract during the week of November 7.

The project would help Exxon mitigate losses from the expected reduction in gasoline and diesel demand over the coming decades.

Jagadish Turimella, chief operating officer and co-founder of GEP, offers some best practices that companies can adopt for ensuring that their supply chains are prioritizing sustainability.