Category: News

September 28 2017

Tesla Is Sending Battery Packs to Storm-Ravaged Puerto Rico

Dana Hull for Bloomberg Markets Tesla Inc. is sending to Puerto Rico hundreds of its Powerwall battery systems that can be paired with solar panels in an effort to help the battered island territory restore electric power, the company said Thursday. Some of the systems are already there and others are en route. The equipment is […]

September 28 2017

Big Oil Moves on Its Own to Cut Methane Pollution

Eric Roston An ExxonMobil subsidiary this week said it would root out methane leaks and upgrade production technology as part of an effort to manage industrial pollution, the latest move by an energy sector that’s beginning to take matters into its own hands while the Trump administration works to roll back Obama-era climate rules. The quiet announcement […]

September 28 2017

China Gives Automakers More Time in World’s Biggest EV Plan

China unveiled a comprehensive set of emission rules and delayed a credit-score program tied to the production of electric cars, giving automakers more time to prepare for the phasing out of fossil-fuel powered vehicles in the world’s largest auto market. Under the so-called cap-and-trade policy, automakers must obtain a new-energy vehicle score — which is […]

September 28 2017

Lights Out? Now Australia’s Got a Coal Shortage

Perry Williams and Ben Sharples Australia’s energy crisis keeps getting stranger. The world’s second-biggest seller of liquefied natural gas is already threatening producers with export curbs as it struggles to find enough supply for its own use. Now the country that ships more thermal coal overseas than almost any other is scrambling to replenish stockpiles […]

September 27 2017

Climate Shocks May Cost U.S. $1 Billion a Day

Joe Ryan Stronger hurricanes, hotter heat waves, more frequent wildfires and more severe public-health issues are all adding to the costs of climate change, which will reach almost $1 billion a day in the U.S. within a decade, according to a report released Wednesday. Total costs to address the impact of rising temperatures will swell […]

September 27 2017

China’s New Silk Road Could Spur More Electric Cars in Europe

Jonathan Tirone China’s new silk road stretching into the heart of Europe may be what ultimately delivers more climate-friendly technologies like batteries and electric cars. The trade route known in Beijing as the Belt and Road Initiative is spurring $1 trillion of investment on rail, highways and ports linking Europe and Asia. China’s renewable-energy companies already […]

September 27 2017

Lyft Enlists Ford to Help Get Self-Driving Cars on the Road

Eric Newcomer Ford Motor Co. and Lyft Inc. have agreed to team up on developing and deploying autonomous vehicles, sealing the latest alliance intended to popularize self-driving cars. The U.S. automaker and ride-hailing service will share data to develop the systems and technology needed to design affordable driverless automobiles, and eventually get them onto Lyft’s network, […]

September 27 2017

Vivint Jumps After Analyst Says It’s Beneath `Liquidation Value’

Vivint Solar Inc. rose the most in nearly a month after Guggenheim Partners said the Blackstone Group LP-backed rooftop company is trading below it’s “liquidation value.” While she doesn’t expect Vivint to break up, Sophie Karp, a New York-based analyst at Guggenheim, found it a worthwhile metric to quantify the “valuation floor,” according to a research […]

September 27 2017

VW’s Scania Fined $1.03 Billion by EU for Price Fixing

Aoife White Volkswagen AG’s tarnished reputation suffered another blow after its Scania unit was slapped with a 880.5 million euro ($1.03 billion) fine for fixing truck prices, a year after other members of the cartel reached a record settlement with the European Union. The European Commission, the EU’s antitrust regulator in Brussels, said Scania colluded […]

September 27 2017

Another Brazil Ethanol Producer Seeks Bankruptcy Protection

Fabiana Batista and Gerson Freitas Jr Abengoa Bioenergia Brasil SA became the latest Brazilian sugar and ethanol producer to file for bankruptcy protection following the country’s economic crisis and a slump in commodity prices. The company, a unit of Spain’s Abengoa SA, requested judicial protection in a court in Santa Cruz das Palmeiras municipality, Sao […]