Canada’s Trans Mountain pipeline no longer profitable: Watchdog | Oil and Gas News

Canada’s Trans Mountain pipeline no longer profitable: Watchdog |  Oil and Gas News

Canada’s contentious Trans Mountain pipeline is no longer profitable, a parliamentary budget watchdog has found, as the expansion project on the country’s west coast has faced years of delays, skyrocketing costs, and opposition from local communities. In a report on Wednesday, the Office of the Parliamentary Budget Officer said the Canadian government’s 2018 decision “to … Read more

EV start-up Electric Last Mile Solutions to declare bankruptcy

EV start-up Electric Last Mile Solutions to declare bankruptcy

The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the US market and will be produced at the Company’s facility in Mishawaka, Indiana. Electric Last Mile Solutions EV start-up Electric Last Mile Solutions said late Sunday it plans to file for … Read more

Nio May 2022 sales constrained by Covid; XPeng, Li Auto gain ground

Nio May 2022 sales constrained by Covid;  XPeng, Li Auto gain ground

Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Chinese electric vehicle maker Nio delivered more than 7,000 vehicles in May, up 4.7% from a year ago but well below its current production capacity, as Covid-related disruptions continued to limit the company’s manufacturing and its ability to … Read more

Lucid, Nikola, Fisker report as Wall Street eyes production

Lucid, Nikola, Fisker report as Wall Street eyes production

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. andrew kelly | Reuters Investors holding beaten-up electric vehicle stocks are bracing for first-quarter … Read more

Warren Buffett significantly increases Chevron bet, now in Berkshire’s top 4 positions

Warren Buffett significantly increases Chevron bet, now in Berkshire’s top 4 positions

Warren Buffett and Becky Quick at the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Berkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate’s fourth biggest equity holding. The “Oracle of Omaha’s” Chevron investment was worth $25.9 billion … Read more

The self-immolation of a US environmental activist reveals the dark reality of ‘climate anxiety’

The self-immolation of a US environmental activist reveals the dark reality of ‘climate anxiety’

A Colorado man who set himself on fire in front of the Supreme Court on April 22, 2022 in an apparent Earth Day protest against climate change has died, police said.ANNA MONEYMAKER/The New York Times News Service The lives of Wynn Bruce and David Buckel were separated by the distance between Boulder, Colo., and New … Read more

Amazon takes $7.6 billion loss on Rivian stake from Q1 stock plunge

Amazon takes .6 billion loss on Rivian stake from Q1 stock plunge

RJ Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing … Read more

Australia opens facility to convert human waste into fertilizer

Australia opens facility to convert human waste into fertilizer

A sawing treatment plant. The idea of ​​reusing organic matter or waste in industrial processes and other initiatives is not a new one, and the last few years have seen a number of interesting projects take shape. Thomas Imo | Photothek | Getty Images An Australian plant that converts human waste into fertilizer and energy … Read more

Ford F-150 Lightning electric pickup could win first-mover advantage

Ford F-150 Lightning electric pickup could win first-mover advantage

A Ford F-150 Lightning on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – Ford Motor is set to be the first automaker to bring a mainstream, full-size electric pickup to the US market, poised to capitalize on a first-mover advantage in what’s expected to be a hotly … Read more