U.S. regulators say in a draft technical assessment report to be released on Monday that automakers can meet aggressive mandates to dramatically hike fuel efficiency standards by 2025, according to a document reviewed by Reuters.
BP said Thursday it pegs its total cost of the 2010 Gulf of Mexico oil disaster at $61.6 billion, the first estimate the company has provided since the spill. That includes a $5.2 billion pre-tax hit to profits for the second quarter this year.
Picture this: It’s a regular day at the grocery store. You choose some products, go to the register, and accept some plastic bags from the cashier to carry your groceries home. When you get home, a bag wriggles out of your grasp and floats through the air. Your simple plastic bag has now joined the legion of un-recycled plastic that contributes to some frightening statistics. Read more →
Europe is dependent on foreign and often geopolitically unstable regions such as Russia, Libya and Iraq for 80% of its imported oil, according to a report.
Gov. Jerry Brown’s administration has been talking directly with oil companies in hopes of reaching a consensus on extending California’s landmark climate programs, opening a back channel with an industry the governor has harshly criticized as a barrier to addressing global warming.
Since the federal passenger vehicle fuel economy and emissions standards agreement was brokered in 2011, the automotive industry has made strong advances in technology and we are well on our way to meeting the 2025 standards.
The U.S. oil industry will need to hire tens of thousands of workers in the next two and a half years as oil prices recover and drillers stand up rigs, Goldman Sachs projected in a note this week.
NASCAR has been powered by a homegrown bio-fuel since 2011. It’s clean, green and renewable. The best drivers in the world have raced almost 10 million flawless miles on Sunoco Green E15 — proving it’s as good for engines as it is for the environment.
America’s warm, wild and costly weather broke another record with the hottest June, federal meteorologists say. And if that’s not enough, they calculated that 2016 is flirting with the U.S. record for most billion-dollar weather disasters.
The newly elected mayor of London, Sadiq Khan, recently announced a new plan to fight air pollution. One of the biggest changes he intends to make is requiring owners of the worst-polluting cars pay a fee to drive in central London. Read more →
