IMO Approves Landmark GHG Tax
Tugboats assist a containership as it prepares to dock at the Manila International Container Terminal at the Philippine capital on April 8. (Aaron Favila/AP/File) Many of the world’s largest shipping nations decided April 11 to impose a minimum tax of $100 for every ton of carbon dioxide emitted by ships, if their planet-heating emissions are ...more
Cleanup of Keystone Pipeline Spill Underway in North Dakota
This image provided by South Bow shows a spill from the Keystone oil pipeline that occurred April 8 near Fort Ransom, N.D. (South Bow via AP) BISMARCK, N.D. — Workers have recovered thousands of gallons of crude oil from an underground pipeline spill on North Dakota farmland, the owner of the line said April 10, ...more
China Raises Tariffs on American Goods From 84% to 125%
An aerial view of new cars waiting for shipment at a pier for ro-ro ships in Yantai city in eastern China's Shandong province. (Chinatopix Via AP) BEIJING — China announced April 11 that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the ...more
Class 8 Truck Sales Climb From February, Still Lag 2024
Year to date, U.S. Class 8 retail sales are down 9.4% to 50,627 units from 55,862 in 2024. (Aziz Shamuratov/Getty Images) U.S. Class 8 sales continued to trend below year-ago levels but posted a sequential gain in March, according to data from Wards Intelligence. Sales decreased 5% to 18,682 units from 19,658 during the same ...more
Lucid to Take Over Nikola’s Arizona Electric Truck Plant
Employees working on a Nikola vehicle inside the now-closed manufacturing facility in Coolidge, Ariz. (Nikola Corp.) Lucid Group Inc. has agreed to take over the headquarters and electric truck factory previously belonging to Nikola Corp., the manufacturer that filed for bankruptcy earlier this year. In addition to snapping up Nikola’s former main office in Phoenix ...more
Texas Is Becoming the Epicenter of US Battery Expansion
A battery storage complex in Houston. (Jason Fochtman/Houston Chronicle/Getty Images) “Drill, baby, drill” may be Texas’ unofficial motto, but “store, baby, store” is becoming more accurate. The Lone Star State may be the heart of America’s oil and gas map, but it’s quickly becoming the biggest installer of a technology key for renewables development: battery ...more
GM to Suspend BrightDrop Van Production in Ontario
GM's Innovation Labs launched BrightDrop in 2021 as part of the company's push into the electric vehicle space. (Daniel Kunzfeld Photography) General Motors Co. will temporarily halt production at a factory in Ontario that makes commercial vans, the second Canadian assembly plant to shut this month. The Detroit-based automaker plans to start short-term layoffs on ...more
US Shale Drilling Sees Sharpest Drop Since 2023
An Exxon Mobil Corp. oil drilling rig near Stanton, Texas. (Justin Hamel/Bloomberg News) Drilling in the U.S. shale patch declined at the fastest pace in almost two years as mounting international trade tensions threaten to stifle energy demand. The number of U.S. rigs drilling for crude — a closely followed metric that can point to ...more