As part of its 2018 budget, the Trump administration is proposing to reduce by half the size of the Strategic Petroleum Reserve, a cushion against global price shocks and supply disruptions.
Saudi Arabia and Russia are at odds on pretty much everything: the war in Syria, policies on Iran, ties with Washington. But when it comes to propping up global oil prices, they’ve never been more aligned.
The U.S. Justice Department plans to file a civil suit against Fiat Chrysler Automobiles on Tuesday after regulators accused the Italian-American automaker of using software to allow excess emissions in 104,000 diesel vehicles, two sources briefed on the matter said.
While choices at the pump have tried to keep pace with new technology, our nation’s fuel regulations have not.
Shareholder activists focused on climate issues are gaining traction in their push to have large energy companies and utilities take account of the impact rising global temperatures could have on their businesses.
No other car manufacturer tested had installed “defeat devices,” the software Volkswagen used to intentionally cheat on tests, but every car assessed was found to spew more nitrogen oxides (NOx) on the road than in certification tests.
“We believe climate change is real,” van Beurden says. “We believe that the world needs to go through an energy transition to prevent a very significant rise in global temperatures. And we need to be part of that solution in making it happen.”
Much of the Chinese capital shut down Tuesday after Beijing’s city government issued its first red alert for pollution, closing schools and construction sites and restricting the number of cars on the road.
The industry widely acknowledges that the combination of vehicle electrification, autonomy, connectivity, and sharing will wreak big changes that are, so far, poorly understood.
The daily commute is a real grind for most people, but not for Heather McLaughlin.
