While China’s import of coal has already risen by 9.5% in the first 9 months of the year, traders ad analysts opine that it could reach 300-320 million tonnes by this year end. On Tuesday, traders and analysts stated, China… Read More ›
pollution
Exxon Mobile Corp eyeing multi-billion upgrade of its Singapore refinery
The potential development comes ahead of the introduction of global shipping fuel rules, set to be introduced in 2020, which see sulphur component in marine fuel dip to 0.5% from 3.5%. According to a senior executive from Exxon Mobil Corp,… Read More ›
VW’s shareholders seek $11 billion in damages over dieselgate
In a lawsuit aimed at Volkseagen, shareholders representing 1,670 claims, have sued the carmaker over inadequate disclosures; they have argued that if they would have known of dieselgate they would have the opportunity to sell or not buy VW’s shares…. Read More ›
Thousands of jobs created as a result of green energy initiatives in Northeast U.S.: Study
Through the green initiatives, 9 U.S. Northeast States are reducing their carbon footprint and creating thousands of jobs in the clean energy market. As per the results of a study that was released on Tuesday, thousands of jobs have been… Read More ›
Fiat Chrysler to eliminate diesel passenger cars from across its brands
Fiat Chrysler is set to announce its intention vis-a-vis its diesel passenger vehicles on June 1, 2018. On Monday, the Financial Times reported, citing sources familiar with the carmaker’s strategy, Fiat Chrysler plans on eliminating diesel from all its passenger… Read More ›
Volvo shares engine technology with its Chinese parent
With this development, the Volvo brand will get diluted even further. As per sources familiar with the matter at hand, Sweden’s Volvo Cars, which incidentally is a unit of Zhejiang Geely Holding Group, has agreed to provide its engines for… Read More ›
Dave Lesar to head Haliburton Co once Jeff Miller retires on June 1
Lesar will have to bridge low oil prices with demands for increased profitability. Halliburton Co has disclosed that Jeff Miller will be replacing Dave Lesar, its current CEO who is set to retire on June 1. Lesar has been a… Read More ›
The gasoline industry is all set to be transformed
Asian economies and electric carmakers are going to be key players in this unfolding scenario. Oil and auto executives have disclosed, with India and China shifting their focus from gas-guzzling gasoline engine powered cars to electric vehicles, demand for gasoline… Read More ›
Exxon fined $19.95 million for Texas refinery pollution
Exxon is mulling its legal options. U.S. District Court Judge David Hittner has ruled that ExxonMobil Corp will have to pay $19.95 million as a penalty for pollution released from its Baytown, Texas, refining and chemical plant complexes between 2005… Read More ›
Peabody’s bankruptcy plan will largely benefit select few
Oddly Peabody’s bankruptcy comes at a time when the Donald Trump Administration is giving the fossil fuel industry the go ahead. The world’s largest private sector coal producer, Peabody Energy Corp, has disclosed that it expects to file bankruptcy under… Read More ›
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