(Bloomberg) — A former head of Mexico’s state oil giant Petroleos Mexicanos is testifying that lawmakers were bribed to pass a 2014 reform that opened the energy sector to private investment, President Andres Manuel Lopez Obrador said on Friday. Lopez Obrador said that Emilio Lozoya, who was extradited from Spain this month to face corruption
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(Bloomberg) — Oil edged higher with a weaker dollar overshadowing signs of a slowing global economic recovery. U.S. crude futures flipped between gains and losses during Friday’s session, eventually closing higher and posting a 1.7% increase for the week. The dollar weakening to the lowest since January boosted the appeal of commodities priced in the
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July 24th, 2020 by Zachary Shahan  What’s the first country you think of when you think of battery production? UK? Of course not. But it is apparently getting a battery gigafactory. The name of the company, though I haven’t seen it before, isn’t all that surprising, though. Britishvolt will apparently build a 30 gigawatt-hour (GWh)
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July 25th, 2020 by Winter Wilson  When taking in patients for COVID-19, hospitals need ventilators. They need refrigeration for blood tests and potentially future vaccines. They need lights and monitors and running water and efficient communication. What powers it all? Electricity. “The COVID-19 pandemic has highlighted the deep inequalities around the world in terms of
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July 25th, 2020 by Saurabh  India is looking to expand its energy partnership with its southern neighbor Sri Lanka and to venture into the development of large-scale renewable energy projects in the island nation. According to media reports, India’s largest power generation company, NTPC Limited, proposed setting up a solar park in Sri Lanka. The
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By Joey Klender Posted on July 24, 2020 The Tesla Model 3 Performance has turned many people who are skeptical over electric vehicles into true believers of the sustainable transportation movement. The unique design, coupled with world-class performance specifications, instant torque, and Autopilot capability changes the minds of skeptics almost instantly. Actor, comedian, and songwriter
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By Dacia J. Ferris Posted on July 24, 2020 Lucid Motors, a luxury electric car startup based out of Silicon Valley, California, recently announced an independently-confirmed .21 drag coefficient (Cd) for its flagship sedan, the Air, making it the most aerodynamic electric vehicle in line for mass-market sale if true. Now, CEO Peter Rawlinson has
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By Joey Klender Posted on July 24, 2020 Rivian has revealed the delivery dates for its R1T pickup truck and R1S Sport Utility Vehicle. Both of its all-electric vehicles will debut in Summer 2021, but the R1T truck will make its way to customers before the R1S SUV will. Rivian announced that the R1T would
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By Dacia J. Ferris Posted on July 24, 2020 NASA’s Perseverance rover destined for Mars next week has completed another step in preparation for launch – installation, and activation of its nuclear power source. “The #MarsPerseverance MMRTG [multi-mission radioisotope thermoelectric generator] is installed and doing well. This Red Planet dune buggy is fueled and ready
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