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The ferocious preview of the wild El Niño winter coming [Followup]

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Big tech promised to lead on climate. Now it's driving a fossil fuel boom.

submitted by technocrit to technology 79 points | 7 comments https://www.msn.com/en-us/news/other/big-tech-promised-to-lead-on-climate-now-its-driving-a-fossil-fuel-boom/ar-AA2gAjgO Rather than racing toward their net-zero targets, [tech capitalists] are driving emissions sharply higher with their quest to expand “AI” and cloud computing. To support their data centers, tech firms are driving construction of a new generation of supersized, gas-fired power plants that could lock in hundreds of millions of tons of climate pollution for decades to come, according to corporate disclosures and an an

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SpaceX Default Risk Hits Record High in Tech-Driven Credit Slump

submitted by technocrit to technology 71 points | 6 comments https://archive.is/icLYz SpaceX and CoreWeave Inc. were among the biggest casualties in a broad-based credit slump due to renewed fears of tighter regulation on the artificial intelligence industry. The yields on one of CoreWeave’s bonds soared to a record high of more than 17%, while the cost of insuring SpaceX’s debt against default also rose to its highest level ever. Market watchers warned that a Democratic rout could strengthen the party’s ability to scrutinize Elon Musk’s conduct and impede an anticipated tie-up between Space X

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