Founders Fund Leads Latest Funding Round for Emerging Company Seeking to Decarbonize the Chemicals Industry with Bio-Based Technologies HOUSTON–(BUSINESS WIRE)–May 22, 2019– Solugen Inc., an emerging specialty chemicals manufacturer and world’s first and only producer of bio-based peroxide solutions, today announced the closing of $32 million in Series B funding led by Founders Fund with key participation from other venture capital investors such as Y Combinator, Refactor Capital, Fifty Years and KdT Ventures. The capital raise comes on the heels of the company securing $13.5 million in October 2018 and will be used to continue fueling Solugen’s rapid growth as it seeks to decarbonize the chemicals industry with its bio-based technologies. “Solugen is on track to become a major player in the chemical industry,” said Brian Singerman, Partner at Founders Fund. … [Read more...] about Solugen Inc. Secures $32 Million in Series B Funding
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The GOP is seizing on the "Green New Deal" to demonize vulnerable Democrats in 2020 — but some Republicans warn it could do long-term damage to the party. Though Republicans have ignored climate change in past elections, it’s now a key part of their 2020 strategy, especially in House races. They’re hoping to define the Green New Deal as an expensive socialist gambit dreamed up by liberal superstar Alexandria Ocasio-Cortez that will ban cows and planes. Though mostly inaccurate, it's a portrayal they believe will scare independent voters in key districts.Story Continued Below But the move could come at a cost: The near- and long-term loss of millennials and Generation Z voters, a growing slice of the electorate that wants federal climate change action to a greater degree than their elders. A recent Harvard Kennedy School Institute of Politics survey found 74 percent of likely general election voters under 30 disapprove of President Donald Trump’s climate change … [Read more...] about Republicans could have a Green New Deal problem
By James Osborne Updated 3:57 pm CDT, Tuesday, March 26, 2019 Rep. Alexandria Ocasio-Cortez (D-N.Y.) speaks alongside Sen. Ed Markey (D-Mass.) at a news conference about the Green New Deal. The last time climate change policy came up for a vote in 2009, Markey, then a representative, co-sponsored the legislation. less Rep. Alexandria Ocasio-Cortez (D-N.Y.) speaks alongside Sen. Ed Markey (D-Mass.) at a news conference about the Green New Deal. The last time climate change policy came up for a vote in 2009, Markey, then a ... more Photo: PETE MAROVICH, STR / NYT Photo: PETE MAROVICH, STR / NYT Image 1 of / 1 Caption Close Image 1 of 1 Rep. Alexandria Ocasio-Cortez (D-N.Y.) speaks alongside Sen. Ed Markey (D-Mass.) at a news conference about the Green New Deal. The last time … [Read more...] about Democrats defy Republicans on Green New Deal vote
GOP Sen. Kevin Cramer is leading a drive to reward 300,000 Indian visa workers for taking college graduate jobs from at least 200,000 young middle aged or older American graduates. Via Twitter, the North Dakota Senator is pushing the “Fairness for High Skilled Immigrants Act,” which was also championed by former GOP Rep. Kevin Yoder until he lost his 2018 election.The legislation “is about exactly that: fairness,” Cramer tweeted. “The long wait for these green cards is a disservice to legal immigrants and to the potential of the American economy. Let’s get this passed.” But Cramer’s bill does not offer fairness or safeguards to the many Americans who are losing careers or starter jobs to the imported army of roughly 500,000 Indian workers and recruiters, said Dawn Collins, a former vice-president at J.P. Morgan Chase bank. Casey and other American professionals were forced out of their software jobs in 2016 to make … [Read more...] about GOP Senators Push Green Card Rewards for Indian Visa Workers Who Take College Jobs in U.S.
Air travel is a major source of carbon pollution, and currently, there's no real way to stop it (short of grounding flights). Jet fuel made from oil is extremely energy-dense, and while many attempts have been made to blend jet fuel with biofuel, that solution is often prohibitively expensive and hardly carbon-neutral, to boot. Further ReadingUse of biofuel could reduce aviation-related emissionsThe Paris Agreement didn't set limits for carbon emissions from the aviation industry, but the International Civil Aviation Organization (ICAO), an agency of the United Nations that works with the aviation industry in 144 countries, attempted to take up that mantle. The ICAO agreed in 2016 that airlines would be required to buy carbon offsets for every ton of carbon that they emit over and above 2020 emissions projections. A letter published in Nature Climate Change today suggests that this requirement from the ICAO is not sufficient to mitigate the effects of the aviation industry's … [Read more...] about Airlines pledged to buy carbon offsets to slow warming, but that’s not enough