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Ford adds production of electric vehicles at second North American site

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DETROIT (Reuters) – Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year. FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, Read More

'Perfect storm' of tight supply & global demand drives oil prices higher

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Oil prices have risen far higher and faster than most analysts expected, with major banks now changing their forecasts as a perfect storm of factors forms around oil markets. “The latest Brent rally has brought prices to our peak forecast of $67.5/bbl, three months early,” Goldman Sachs wrote in a note. The investment bank said Read More

China court plans to set up national environmental fund: media

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SHANGHAI (Reuters) – China’s supreme court is planning to set up a national fund this year to help pay for environmental restoration, the official China Daily reported on Wednesday, citing a senior judge. The Supreme People’s Court has made it a priority to establish a fund using money collected in fines from polluting firms, the Read More

Democrats seek probe of key FAA decisions on 737 MAX approval

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WASHINGTON (Reuters) – The chairman of the U.S. House of Representatives transportation committee and another key Democrat asked the Transportation Department’s inspector general on Tuesday to examine key decisions made by the Federal Aviation Administration in certifying Boeing’s 737 MAX jet for use. FILE PHOTO: Ranking Member of the House Committee on Transportation and Infrastructure Read More

U.S. lawmaker says tech companies must quickly remove violent content after New Zealand

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WASHINGTON (Reuters) – Following the live-streaming on social media of the mass shooting in New Zealand, the chair of the U.S. House Committee on Homeland Security wrote a letter to top executives of four major technology companies urging them to do a better job of removing violent political content. FILE PHOTO: Homeland Security Committee Chairman Read More

U.S. states probing Hyundai, Kia over vehicle fires: Connecticut AG

2 days ago DieselGasoil Comments Off on U.S. states probing Hyundai, Kia over vehicle fires: Connecticut AG
(Reuters) – A group of U.S. states is investigating Hyundai Motor Co and Kia Motors Corp for potential unfair and deceptive acts related to reports of hundreds of vehicle fires, Connecticut Attorney General William Tong said on Monday. The Hyundai logo is seen outside a Hyundai car dealer in Golden, Colorado, November 3, 2014. REUTERS/Rick Read More

China's regions seek support as environmental compliance costs hit

3 days ago DieselGasoil Comments Off on China's regions seek support as environmental compliance costs hit
SHANGHAI (Reuters) – China’s cash-strapped regions are lobbying Beijing to loosen its purse strings to help fight pollution, saying they don’t have the funds to meet state policies aimed at fixing the damage done by decades of unrestricted development. A woman wearing a mask walks on a road as heavy smog blankets China’s capital after Read More

Texas, Alaska viewpoints stress growth and innovation at final day of CERAWeek

3 days ago DieselGasoil Comments Off on Texas, Alaska viewpoints stress growth and innovation at final day of CERAWeek
By Kurt Abraham, Editor-in-Chief on 3/17/2019 United State Senator for Texas John Cornyn. Photo: The Senator’s Facebook page. Common themes of bountiful resources and expanding oil and gas production were sounded by a Texas senator and the Alaskan governor on the final day, Friday March 15, of the five-day CERAWeek conference in Houston. Sen. John Read More

U.S. youth rally in Washington protests climate inaction

5 days ago DieselGasoil Comments Off on U.S. youth rally in Washington protests climate inaction
WASHINGTON (Reuters) – Hundreds of youngsters skipped school to rally in Washington on Friday as part of what organizers called an international youth climate strike to seek action on climate change. Students hold banners and placards during a demonstration against climate change in New York, U.S., March 15, 2019. REUTERS/Shannon Stapleton Chanting “climate action now!”, Read More