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Business, Technology, Fuel

SPAC Boom Propels EV Makers to Public Markets

The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif. The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News)

Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.

Ed Ludlow and Crystal Tse | Bloomberg News
January 22, 2021
Government, Business, Fuel

Oregon DOT Surveys Drivers Ahead of Local Road Usage Pilot

Scenic Oregon road OregonDOT via YouTube

The Oregon Department of Transportation is in the process of determining whether interested Portland-area drivers are eligible to participate in a road usage pilot program.

Eleanor Lamb | Staff Reporter
January 22, 2021
Business, Technology, Equipment, Fuel

Lightning eMotors Expands Manufacturing Footprint

Lightning eMotors Assembled electric powertrains are ready for installation into Lightning Electric Transit 350HD vehicles. (Business Wire)

Lightning eMotors, a provider of electric powertrains for a range of commercial vehicles, announced it is adding 107,000 square feet to the footprint of its headquarters in Loveland, Colo.

January 22, 2021
Business, Fuel

Oil Slips With Global Viral Resurgence Highlighting Demand Risks

An oil pumping jack operates in an oilfield in Russia in November 2020. An oil pumping jack operates in an oilfield in Russia in November 2020. (Andrey Rudakov/Bloomberg News)

Oil ended a choppy session lower with worsening global coronavirus outbreaks accentuating concerns over a demand rebound.

January 21, 2021
Business, Technology, Fuel

EV Mania Propels Record Legacy Automaker Gains in 2021

A GM Chevrolet Bolt electric vehicle charges outside the company's headquarters in Detroit. A GM Chevrolet Bolt electric vehicle charges outside the company's headquarters in Detroit. (Jeff Kowalsky/Bloomberg News)

Investors are rewarding U.S. automakers as they embrace electric vehicles to boost growth amid a burgeoning demand for environment-friendly cars.

Esha Dey | Bloomberg News
January 21, 2021
Business, Equipment, Fuel

Baker Hughes Sees Up to Four LNG Investment Decisions in 2021

Pipes are seen near an LNG tank in Japan. (Bloomberg News) (Bloomberg News)

Baker Hughes Co. expects as many as four liquefied natural gas projects globally to move to a final investment decision this year amid a global revival of the fuel after last year’s pandemic-induced collapse.

David Wethe and Sergio Chapa | Bloomberg News
January 21, 2021
Government, Business, Technology, Fuel

Biden Unveils Sweeping Climate Plan, Moves to Rejoin Paris Pact

President Joe Biden speaks during the 59th presidential inauguration in Washington on Jan. 20. (Patrick Semansky/Bloomberg News) President Joe Biden speaks during the 59th presidential inauguration in Washington on Jan. 20. (Patrick Semansky/Bloomberg News)

President Joe Biden signed sweeping actions to combat climate change hours after taking the oath of office, moving to rejoin the Paris accord and imposing a moratorium on oil leasing in the Arctic National Wildlife Refuge.

January 20, 2021
Government, Business, Fuel

Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts

Iranian oil tanker Grace 1 sits anchored off the Strait of Gibraltar in July 2019. (Marcelo del Pozo/Bloomberg News)

Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route.

Alex Longley | Bloomberg News
January 20, 2021
Business, Technology, Fuel

GM’s Mary Barra Boosts Stock as Tech Story Gains Credibility

GM CEO Mary Barra talks with reporters following a meeting with lawmakers at the U.S. Capitol in June 2019. GM CEO Mary Barra talks with reporters following a meeting with lawmakers at the U.S. Capitol in June 2019. (Chip Somodevilla/Getty Images via Bloomberg News)

All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.

David Welch | Bloomberg News
January 20, 2021
Government, Business, Fuel

Diesel Rises 2.6¢; Biden Stops Development of Keystone XL Pipeline

Closeup of diesel fuel The largest gain came in the New England region, where diesel jumped 6.4 cents a gallon to $2.764. (Daniel Acker/Bloomberg News)

Truckers are continuing to see higher diesel prices as the nationwide cost of trucking’s main fuel rose 2.6 cents, the Energy Information Administration reported Jan. 18.

Dan Ronan | Associate News Editor
January 19, 2021

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