June 1st, 2017 News of the Day: Trump announces withdrawal, Canada to develop EV policy by 2018

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【Summary】News of the Day for June 1st, 2017.

Original Claire    Jun 01, 2017 3:30 PM PT
June 1st, 2017 News of the Day: Trump announces withdrawal, Canada to develop EV policy by 2018

Trump announces withdrawal from Paris Climate Deal

Amid controversy, President Donald Trump announced today that the United States will withdraw from the Paris Climate Agreement.

"We're getting out," Trump said at a ceremony in the White House Rose Garden in which he decried the Paris Agreement's "draconian" financial and economic burdens.

"In order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris climate accord," Trump said. Trump added that the United States would seek negotiations to re-enter either the Paris accord, or "a new transaction on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers."

Meanwhile, China said on Thursday that it will stick to the Paris climate deal to fight global climate change.

"Climate change is a global challenge. No country can place itself outside of this," Chinese Foreign Ministry spokeswoman Hua Chunying said to media, admitting the agreement had not been reached easily and it represented the broadest consensus of the international community.

China and the European Union will issue a statement at a high-level meeting in Brussels on implementation of the climate deal.

The withdrawal will leave the U.S.,Syria, and Nicaragua as the only three countries in the world not participating in the 195-nation accord agreed upon in Paris in 2015.

Canada to develop national EV strategy by 2018


Canada is committed to develop a national strategy for electric vehicles by next year. The Minister from the Innovation, Science and Economic Development Department will work with non-government organizations, territories, industries and academia to create the regulations.

"We understand Canadians' concerns about the environment and are developing an aggressive strategy to tackle climate change by taking actions to reduce greenhouse gases and air pollution. By putting more zero emission vehicles on the road, we are investing in the future of cleaner transportation for all Canadians." Marc Garneau, Canada's Minister of Transport said in a statement.

Earlier this year, the Canadian government invested $120 million CAD($88.7 million US dollars) into EV charging and fuel stations for hydrogen and natural-gas powered vehicles during the 2017 budget.

Volkswagen adds autonomous braking system to all new UK vans


From June 1st, Volkswagen will offer Autonomous Emergency Braking system (AEB) to all vans sold in UK, becoming the first automaker to offer AEB as a standard on its commercial vans. The Caddy, Crafter and Transporter will all be equipped with the system. VW claimed that AEB systems can reduce third party insurance claims by 45 percent, and decrease insurance premiums by as much as ten percent compared to vehicles that make do without it.

In March 2017, the NHTSA announced that 20 automakers representing more than 99 percent of the U.S. auto market will make AEB a standard feature in virtually all news cars no later than September 1st, 2022, including the Detroit Three, BMW, Mazda, Honda, Hyundai, Nissan, Toyota, VW, Volvo, and Tesla Motors.

Audi will become first company to test self-driving cars in NY


Audi will become the first company to test autonomous vehicles in New York when its demo car hits the streets of Albany in mid-June of last year.

As New York State began accepting applications from companies in May, Audi was the first to receive approval for the year-long pilot driverless car testing program. The company will test cars that meet Level 3 autonomy, which allows autonomous driving at posted highway speeds under certain conditions. Two engineers will sit in the front seat and back seat respectively, and monitor a test vehicle at all times for safety purposes.

Uber's head of finance is leaving


Uber's head of finance Guatam Gupta announced that he is leaving the ride-hailing company in July, according to Wall Street Journal. The news comes after Uber reported a Q1 losses of $708 million. Gupta is reportedly planning to join another San Francisco startup as COO, the details are yet to be revealed.

However, the Silicon Valley startup's first quarter revenue was $3.4 billion, an 18% increase from its last quarter. Uber spokesperson told TechCrunch that the results show that the company's business remains healthy and resilient, and the narrowing of losses in Q1 has put Uber on a good trajectory towards profitability.

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