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A British Petroleum petrol station on March 10, 2017, in Ciudad Satelite, Naucalpan de Juarez municipality, Mexico State. The company will reportedly start to offer electric vehicle recharging stations at its retail gasoline stations. RONALDO SCHEMIDT / AFP via Getty Images

BP, the energy giant that grew from oil and gas production, is taking its business in a new direction, announcing Tuesday that it will slash its oil and gas production by 40 percent and increase its annual investment in low-carbon technology to $5 billion, a ten-fold increase over its current level, according to CNN.

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U.S. Vice President Joe Biden speaks during a White House Clean Energy Investment Summit on June 16, 2015 in the Eisenhower Executive Office Building in Washington, DC. Alex Wong / Getty Images

By Jake Johnson

With presumptive Democratic nominee Joe Biden's climate platform becoming increasingly ambitious thanks to nonstop grassroots pressure, fossil fuel executives and lobbyists are pouring money into the coffers of President Donald Trump's reelection campaign in the hopes of keeping an outspoken and dedicated ally of dirty energy in the White House.

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EcoWatch Daily Newsletter

Apple and 10 of its suppliers in China are investing nearly $300 million to develop projects totaling 1 gigawatt of renewable energy. Photo courtesy of Apple

The computer and phone giant Apple pledged to be carbon neutral by 2030, following the lead of other tech companies dedicated to mitigating their impact on the climate crisis. Apple's commitment extends to its massive supply chain, which supplies computers, tablets and iPhones to customers around the world.

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Democratic Presidential candidate Joe Biden speaks at a "Build Back Better" Clean Energy event on July 14, 2020 at the Chase Center in Wilmington, Delaware. Joe Biden / Facebook

Presidential hopeful Joe Biden announced a $2 trillion plan Tuesday to boost American investment in clean energy and infrastructure.

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Members of the U.S. House of Representatives Select Committee on the Climate Crisis visit the National Renewable Energy Lab on Aug. 1, 2019. National Renewable Energy Lab
House Democrats are releasing an aggressive new plan to fight the climate crisis on Tuesday. The 538-page plan includes various goals to dramatically reduce the nation's emissions. It sets a target for every new car sold by 2035 to emit no greenhouse gases, to eliminate overall emissions from the power sector by 2040, and to all but eliminate the country's total emissions by 2050, according to The New York Times.
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A US Hybrid Corporation electric hybrid heavy duty truck moves freight at the Long Beach Port in California on July 31, 2017. Dennis Schroeder / National Renewable Energy Lab

The state of California made history Thursday when it passed a clean truck rule that E&E News reported was the first of its kind in the world.

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The downtown Amazon campus on April 30, 2020 in Seattle, Washington. Amazon recorded sales of $75.4 billion in the first three months of the year as many consumers increased their online purchases, up 26% over last year, but net income for the same period fell nearly 31% due to costs of managing the coronavirus pandemic. Lindsey Wasson / Getty Images

Amazon announced that its carbon footprint rose 15 percent in 2019, meaning the online retail giant emits the carbon equivalent of running 13 coal fired power plants all year, according to the CBC. That also included an 18 percent rise in emissions from fossil fuels.

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A new battery will help the UK store power generated by the Walney offshore wind farm, the world's largest of its kind. Ashley Cooper / The Image Bank / Getty Images

Construction is starting on what will be the world's largest liquid air battery, The Guardian reported Thursday.

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A general view of BP (British Petroleum) refinery in the Port of Rotterdam on April 23, 2020 in Rotterdam, Netherlands. Dean Mouhtaropoulos / Getty Images

Fossil fuel giant BP made headlines earlier this year when it announced it would target net zero emissions by 2050. Now, it is in the headlines again, since it announced on Monday that it would slash 10,000 jobs, roughly 15 percent of its workforce, as it struggles during a downturn in the oil market and transitions its practices towards renewable energy, as CNN reported.

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A coke storage area is seen as steam rises from the quench towers at the US Steel Clairton Works on Jan. 21, 2020, in Clairton, Pennsylvania. White plumes of smoke billow above western Pennsylvania's rolling hills as scorching ovens bake coal, which rolls in by the trainload along the Monongahela River. BRENDAN SMIALOWSKI / AFP via Getty Images

President Trump's claim that the U.S. has the cleanest air and water in the world has been widely refuted by statistics showing harmful levels of pollution. Now, a new biannual ranking released by researchers at Yale and Columbia finds that the U.S. is nowhere near the top in environmental performance, according to The Guardian.

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An aerial view of Indira Gandhi Indoor Stadium and the city's green cover during lockdown, on April 17, 2020 in New Delhi, India. Sonu Mehta / Hindustan Times via Getty Images

By Lauri Myllyvirta and Sunil Dahiya

An economic slowdown, renewable energy growth and the impact of Covid-19 have led to the first year-on-year reduction in India's CO2 emissions in four decades. Emissions fell by around 1% in the fiscal year ending March 2020, as coal consumption fell and oil consumption flatlined.

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