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Shareholders approved the $2.6 billion bid by Tesla Motors to buy SolarCity, paving the way for the clean energy giant to become a one-stop shop for electric vehicles, rooftop solar and energy storage.
"I think your faith will be rewarded," Elon Musk said after the merger was approved by 85 percent of the company's unaffiliated shareholders.
"We can't do this well if Tesla and SolarCity are different companies, which is why we need to combine and break down the barriers inherent to being separate companies," Musk said in August when Tesla announced it closed the deal with SolarCity. "That they are separate at all, despite similar origins and pursuit of the same overarching goal of sustainable energy, is largely an accident of history. Now that Tesla is ready to scale Powerwall and SolarCity is ready to provide highly differentiated solar, the time has come to bring them together."
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EcoWatch Daily Newsletter
By Gretchen Goldman
The Independent Particulate Matter Review Panel has released their consensus recommendations to the EPA administrator on the National Ambient Air Quality Standards for Particulate Matter. The group of 20 independent experts, that were disbanded by Administrator Wheeler last October and reconvened last week, hosted by the Union of Concerned Scientists, has now made clear that the current particulate pollution standards don't protect public health and welfare.
By Julia Ries
- Antibiotic resistance has doubled in the last 20 years.
- Additionally a new study found one patient developed resistance to a last resort antibiotic in a matter of weeks.
- Health experts say antibiotic prescriptions should only be given when absolutely necessary in order to avoid growing resistance.
Over the past decade, antibiotic resistance has emerged as one of the greatest public health threats.
By Simon Evans
Renewable sources of electricity are set for rapid growth over the next five years, which could see them match the output of the world's coal-fired power stations for the first time ever.