All posts tagged: earmarks

Carney scraps Canada EV sales mandate, but earmarks funds to aid transition

Carney scraps Canada EV sales mandate, but earmarks funds to aid transition

Prime Minister Mark Carney on Thursday cancelled a mandate for all vehicles sold in Canada to be electric by 2035, while announcing a multi-billion-dollar plan to support EV production. The announcement marked another departure from policies backed by his climate-focused predecessor Justin Trudeau, but Carney said he wanted to incentivize EV production while bolstering a Canadian auto industry hammered by US tariffs. Since replacing Trudeau last year, Carney has also scrapped the former leader’s carbon tax on individual households and advanced plans to build a new oil pipeline from Alberta to the Pacific coast – infuriating environmental groups. Asked Thursday if he still considered Canada a leader in the fight against climate change, Carney said: “Absolutely.” He stressed his climate policies would be focused on “results and solutions”. WatchDonald Trump threatens 100% tariff on Ottawa Trudeau had passed legislation mandating that 20 percent of vehicles sold this year be electric, with a 60 percent target by 2030 – benchmarks that faced criticism from automakers. While he pivoted away from those mandates, Carney stressed that the future strength …

OpenAI earmarks  billion for employee stock grant pool, The Information reports

OpenAI earmarks $50 billion for employee stock grant pool, The Information reports

Jan ‌7 : OpenAI last fall set aside an employee stock grant pool equivalent to 10 per cent of the company, valued at $500 billion in October, The ‌Information reported on Wednesday, ‌citing two people with knowledge of the plans. Reuters could not immediately verify the report. OpenAI did not immediately respond to Reuters’ ‍request for a comment. OpenAI has already given $80 billion in vested equity, which, along with the employee ​stock grant pool, ‌comprises about 26 per cent of the company, according to the ​report. The company has been in preliminary ⁠talks with some ‌investors about raising funds ​at a valuation of around $750 billion, The Information reported ‍in December, a 50 per cent jump from ⁠OpenAI’s reported $500 billion valuation in ​October. Source link