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Venezuela abandons petrol subsidies as inflation set to hit one million per cent

“Gasoline must be sold at an international price to stop smuggling to Colombia and the Caribbean,” Maduro said in a televised address” writes Our Foreign Staff for telegraph.co.uk. But its fuel prices have remained nearly flat for years despite hyperinflation that the International Monetary Fund has projected would reach 1 million per cent this year. Recently, the average price of a coffee with milk was 2.2 million bolivars, or about 50 cents, local media has reported.President Nicolas Maduro said Monday that some of the world’s cheapest petrol that Venezuelan drivers enjoy…

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Two Chinese EV sharing platforms in $730 million push to fuel growth: sources

“In January, the platform reached a valuation of 10 billion yuan ($1.5 billion) after a 1 billion yuan funding round” writes Midwest Communications Inc for 95kqds.com. HONG KONG (Reuters) – Two electric vehicle-sharing platforms backed by powerful Chinese carmakers plan to seek external funding totaling almost $730 million to fuel their growth, people with direct knowledge of the plans said.EvCard, an electric vehicle rental service under state-owned SAIC Motor Corp, is also considering raising some 2 billion yuan ($292 million) from external investors, according to a person with direct knowledge. Source:…

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Scientists may have solved one of the biggest problems holding back hydrogen-powered vehicles

“The science body is also working on other parts of the hydrogen technology chain, including water electrolysis and hydrogen production” writes Simon Thomsen for businessinsider.com. Two fuel cell vehicles, a Toyota Mirai and Hyundai Nexo, have been successfully refuelled using ultra-high purity hydrogen produced in Queensland.Unlike electric charge cars, hydrogen-cell vehicles can be refuelled in minutes with a range up to twice that of electric vehicles run on batteries.Technological advances are also helping drive down the production costs of renewable hydrogen to make it cost competitive with oil-based fuel. Source: businessinsider.com…

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The Democratic National Committee on Friday reversed its ban on taking financial contributions from fossil fuel companies, after an outcry from union workers that said it was alienating a major part of the Democratic base.

“The committee passed a resolution in June that prohibited taking contributions from fossil fuel companies” reports washingtonexaminer.com. “We’re not a party that punishes workers simply based on how they make ends meet.” Perez sponsored the Friday resolution that allows the DNC to accept contributions from workers that are employed by fossil fuel firms, such as those that mine coal, drill for and refine natural gas and oil. Source: washingtonexaminer.com Share This:

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The country has dirt-cheap fuel, so why is driving nearly impossible?

“But the 92 tankers needed to carry the fuel would probably be stuck at the pump, broken down and without replacement parts” writes Joe Parkin Daniels for theguardian.com. Fuel in the oil-rich nation may be practically free, but motorists are finding it increasingly hard to keep their vehicles on the road.Some opposition lawmakers have said that the vehicle census, announced before Saturday’s problems, could be a precursor to fuel rationing.Petrol shortages are ever more common: motorists commonly wait for six hours or more in fuel queues.And although Venezuela has the…

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Mazda, Suzuki, Yamaha Motor Cheated on Fuel Economy, Emissions Testing: Japan Government

“TOKYO (Reuters) – Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co improperly tested vehicles for fuel economy and emissions, the Japanese government said on Thursday, revealing fresh cases of compliance failures by manufacturers” writes Min Read for reuters.com. In July this year, Nissan admitted it had improperly measured exhaust emissions and fuel economy for 19 vehicle models sold in Japan.Suzuki, Mazda and Yamaha cleared vehicles for emissions or fuel efficiency even in cases where they were tested under invalid conditions, the ministry said in a statement. Source: reuters.com Share…

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Trump’s environmental policy is mainly about owning the libs, and that’s better news for the environment than you might think

“Whatever that would have meant for Trump’s substantive record on environmental deregulation, he was asking the president to give up a juicy opportunity to appear to deregulate” writes Josh Barro for businessinsider.com. His successor, acting administrator Andrew Wheeler, shares his skepticism of environmental regulation, especially regulation related to fossil fuels and climate change.For conservatives who hoped the rise of Wheeler would mean a more substantive deregulatory agenda on the environment, this is bad news. Source: businessinsider.com Share This:

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EDITORIAL: EPA proposed fuel standards leave our kids with nothing but problems

“It threatens sales for automakers such as Honda and Toyota, which already are beating the current the fuel standards, and Tesla, which makes zero-emission electric vehicles” writes Sun-times Editorial Board for suntimes.com. It took a modicum of political courage for the Obama administration to set the current miles-per-gallon standards.The EPA’s true motivation in freezing fuel efficiency standards is to do the bidding of the fossil fuel industry.It will freeze miles-per-gallon standards for cars and light trucks after the 2020 model year, no longer requiring that the standards be improved in…

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States vow to fight Trump administration on fuel-economy freeze

“The Trump administration proposal said California’s zero emission vehicle rules, adopted by nine other states, are “technologically infeasible.”” reports autoblog.com. “The Trump administration has launched a brazen attack, no matter how it is cloaked, on our nation’s Clean Car Standards,” said California’s attorney general, Xavier Becerra. Becerra said California is “ready and willing” to talk with Trump administration regulators, but that previous talks have not been fruitful.The administration said the proposed rollback would mean billions of dollars in regulatory savings for car manufacturers. Source: autoblog.com Share This:

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Trump Kills Obama’s Unhelpful Emissions Regulation

“A separate 2016 found that Obama’s fuel regulations had already cost consumers at least $3,800 per car for the 2016 model year” writes Ap Photo Evan for washingtonexaminer.com. Existing fuel emissions regulations have already undercut the U.S. auto industry and hurt domestic consumers who depend on cars for transportation.The Trump administration has finally come out with its to reverse Obama-era regulations on vehicle emissions.The practical outcome will be to save car buyers about $2,340 per new vehicle, according to the administration. Source: washingtonexaminer.com Share This:

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