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Economy, Energy

“California bans the sale of new diesel trucks by 2036”

“California regulators on Friday voted to ban the sale of new diesel big rigs by 2036 and require all trucks to be zero-emissions by 2042, a decision that puts the state at the forefront of mitigating national tailpipe pollution. The… Continue Reading…

Economy, Energy

“EU agrees to decarbonize air travel with the ‘world’s largest green fuels mandate for aviation’”

“European Union negotiators secured a deal to decarbonize the air travel sector, seeking to slash heat-trapping emissions by stimulating the region’s green aviation fuel market. The agreement on the so-called ReFuelEU Aviation proposal followed late night talks on Tuesday and… Continue Reading…

Business, Economy, Energy

“Oil major BP braces itself for shareholder revolt after scaling back its climate targets”

“BP is bracing itself for a shareholder revolt at its annual general meeting on Thursday — some of the U.K.’s biggest pension funds are planning to ratchet up the pressure on the oil major after it rolled back its emission… Continue Reading…

Economy, Energy

[Bad Idea] “Walmart will add thousands of EV charging stations to stores by 2030”

“Walmart announced Thursday it plans to add electric vehicle charging stations to thousands of U.S. stores by 2030. The company announced it would expand its EV fast-charging network to Walmart and Sam’s Club locations across the country, adding to the… Continue Reading…

Economy, Energy

“EPA reportedly planning to announce significant limits on tailpipe emissions to boost electric vehicle adoption”

“The Environmental Protection Agency is preparing to announce significant limits on tailpipe emissions this week that would require as much as 67% of new vehicles sold in the U.S. by 2032 to be all-electric cars, according to a report by… Continue Reading…

Energy

“Green transition won’t be perfect and we’ll need natural gas, World Energy Council CEO says”

“…“We need to get electrification going faster,” said Angela Wilkinson, the secretary general and CEO of the London-based World Energy Council. “We want it to be more renewable-powered electrification,” she added, before acknowledging that a huge amount of work will… Continue Reading…

Energy

“A green transition will require trillions of dollars. It’ll be a ‘tall order’ to find the cash…”

n”…According to the International Energy Agency, clean energy investment will need to hit over $4 trillion a year by 2030 in its Net Zero Emissions by 2050 Scenario. Reaching this kind of figure will require a huge effort from both… Continue Reading…

Energy

“Saudi oil giant Aramco posts record $161 billion profit for 2022”

“Saudi Arabia’s state-controlled oil giant Aramco on Sunday reported a record net income of $161.1 billion for 2022 — the largest annual profit ever achieved by an oil and gas company. Aramco said net income increased 46.5 percent over the… Continue Reading…

Energy

“GE stock has skyrocketed 80% in 5 months — JPMorgan says that’s a problem”

“…”While we see an excellent business in aerospace and potential in Vernova, GE is up ~80% over the past five months vs. 13% for the S&P 500,” JPMorgan analyst Seth Siefman wrote in a client note on Tuesday ahead of… Continue Reading…

Economy, Energy

“Why it’s so hard to build new electrical transmission lines in the U.S.”

“…Building new transmission lines in the United States is like herding cats. Unless that process can be fundamentally improved, the nation will have a hard time meeting its climate goals. The transmission system in the U.S. is old, doesn’t go… Continue Reading…