German automaker Volkswagen Group is expected to deliver a $10 billion settlement to cover government fines and compensate owners of vehicles fitted with software that cheated emissions standards, according to multiple reports.
Nissan has announced its intention to create a fuel-cell vehicle powered by ethanol instead of the traditional hydrogen. Nissan executive vice president Hideyuki Sakamoto cited a few reasons for the move towards ethanol:
A group calling itself the “Niger Delta Avengers” has launched numerous attacks on oil infrastructure in Nigeria since February. These attacks have caused the already-vulnerable African economy to spiral further toward a recession. Read more →
Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels.
“Everything changes when you adopt a different approach.” Yossie Hollander, founder of Fuel Freedom Foundation, called for new solutions to tackle energy poverty at IESE in Barcelona.
If you are Ford, the future—at least for electric cars—is coming only slowly, and is nothing to get in a lather over. Tesla, Apple, and a knot of Chinese financiers seem to see just the opposite: They are furiously grabbing each other’s talent in the hopes of ushering us all toward a rapidly developing electric, autonomous-driving boom.
Several countries have committed to putting more electric cars on their roads in the near future as a way to reduce air pollution and combat climate change. But what if one country—and a very large one at that—decided to make every car on its roads electric inside of 15 years?
Venezuela’s President Nicolas Maduro has decreed that all Fridays for the next two months will be holidays, in a bid to save energy in the blackout-hit OPEC country.
President Muhammadu Buhari yesterday challenged African oil producers to see the huge challenges confronting the oil sector as a unique opportunity for Africa to look beyond the exploitation of oil to the use of other natural resources to upscale national revenues.
As canoes glide past mangroves blackened by oil in the Niger River delta, two dozen children splash around in a creek covered by a sheen of crude while families take shelter from the punishing midday sun in half-built houses.
