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National News

The Economic Times

National / The Economic Times

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Nestle, Uber among global business leaders to back faster electrification shift

Over 100 global companies, including Nestle and Uber, are urging governments to prioritize electrification in economic strategies. They argue this shift will reduce reliance on volatile fossil fuel costs, enhance energy security, and boost competitiveness. The businesses, with combined revenues of $1.5 trillion, emphasize that clear government policies and faster permitting are crucial for accelerating this transition and lowering overall energy demand.

22 Jun 2026 12:03 pm