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Extra £14bn needed a year for climate, report says

Extra £14bn needed a year for climate, report says

Science
An extra £14bn is needed each year to help the UK meet its climate commitments, a new think tank report suggests.Green Alliance says the cash is needed for clean transport, nature restoration, and low-carbon buildings.Over the past three years, it says that £9bn has been spent on projects that actually increase CO2, like roads.It comes as large UK firms make a promise to "kick-start a new approach" and "put the environment first".The Green Alliance think tank insists though that the funding issue must be solved in the prime minister’s economic recovery speech expected on Tuesday.Its calculations are based on the government’s own assessment of major projects in the pipeline released on 16 June.The government said it is determined to meet carbon targets, bu
Elon Musk tweet wipes $14bn off Tesla’s value

Elon Musk tweet wipes $14bn off Tesla’s value

Business
Tesla boss Elon Musk wiped $ 14bn (£11bn) off the carmaker's value after tweeting its share price was too high.It also knocked $ 3bn off Mr Musk's own stake in Tesla as investors promptly bailed out of the company."Tesla stock price too high imo," he said, one of several tweets that included a vow to sell his possessions.In other tweets, he said his girlfriend was mad at him, while another simply read: "Rage, rage against the dying of the light of consciousness."In 2018, a tweet about Tesla's future on the New York stock market led to regulators fining the company $ 20m and Mr Musk agreeing to have all further posts on the platform pre-screened by lawyers.'Headache'On Friday, the Wall Street Journal reported it had asked the billionaire if he was joking a