Lawmakers agree CO2 targets for lorries — but also garbage and construction trucks. European lawmakers yesterday agreed CO2 targets for heavy-duty vehicles that will phase out almost all sales of new diesel trucks by 2040. Manufacturers will have to cut the average emissions of new trucks by 45% in 2030, 65% in … [continued]
A T&E briefing analyses how tackling truck pollution will save lives and money. The European Parliament and Council should use the trilogue negotiations on the heavy-duty vehicle (HDV) CO2 standards to extend the scope to small and vocational trucks. This would reduce air pollution from HDVs by an additional 6 … [continued]
The Rocky Mountain Institute is a respected organization that has done great work since its founding in 1982. Amory Lovins, its founder and long its leader, is a tremendous thought leader who was ahead of his time. He’s been proven right on many things. And he’s been proven wrong on … [continued]
Two new SCOTUS cases, Loper Bright Enterprises v. Raimondo and Relentless Inc. v. Dept. of Commerce, may impact federal agencies’ ability to perform their duties. The U.S. Supreme Court is scheduled to hear arguments on January 17 in a pair of cases that could weaken the ability of federal agencies … [continued]
WASHINGTON — The Department of the Interior today announced a nearly $80 million investment through President Biden’s Investing in America agenda for the state of Texas to continue work plugging, capping and reclaiming orphaned oil and gas wells across the state. This investment is the first Phase 1 formula grant awarded … [continued]
We forecast average annual crude oil prices in 2024 and 2025 will remain near their 2023 average because we expect that global supply and demand for petroleum liquids will be relatively balanced over the next two years. We expect the Brent crude oil price will average $82 per barrel (b) … [continued]
U.S. retail gasoline prices in 2023 averaged $0.43 per gallon (gal) less than in 2022, according to data from our Gasoline and Diesel Fuel Update. This decline was due, in part, to lower crude oil prices in 2023 compared with 2022 and higher gasoline inventories in the second half of 2023. … [continued]
The year is 2016. The Tesla Model 3 is still firmly in production hell and won’t be able to ramp up production for two more years. Volkswagen is announcing its MEB platform and high hopes are being placed on the ID lineup. BYD is just entering its new phase of … [continued]
It doesn’t seem that long ago that VW was sued for the “Diesel Gate” scandal in which many VW diesel vehicles were found to be using emissions cheat devices. Now there’s another diesel emissions situation, this time involving accusations that Cummins used diesel defeat devices for almost one million diesel … [continued]
In our Short-Term Energy Outlook, we forecast the lowest annual petroleum consumption in Japan in 2024 since at least 1980, in part due to its aging and declining population. Japan’s reduced consumption is already affecting its refining industry. Japanese refiner ENEOS permanently closed a 120,000-barrel-per-day (b/d) refinery in western Japan in mid-October 2023, … [continued]
