Biden set to award billions to decarbonize US heavy industry

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

(Bloomberg) -- The Biden administration is poised to award as much as $6.3 billion in dozens of grants to help hard-to-decarbonize industries cut emissions, ...

— The Biden administration is poised to award as much as $6.3 billion in dozens of grants to help hard-to-decarbonize industries cut emissions, according to people familiar with the matter.China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case

Among those, Cleveland-Cliffs Inc. is proposing to make steel using hydrogen, as well as another project to expand production of the metal for electrical transformers and electric-vehicle motors at its Butler Works plant north of Pittsburgh, according to one of the people. Century Aluminum Co., based in Chicago, was encouraged to proceed on at least two different proposals, including construction of the first primary smelter for the energy-intensive metal in the US in decades, the person said.

Tesla challenger Fisker, flirting with bankruptcy, gets both a design award and another scathing review in the same week

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small-Caps Lead Slump as Indian Stocks Turn Into Asia’s Laggards(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »