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Volvo recalls over 200,000 cars to fix fuel leak issue

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“The group said its probe had identified that some vehicles may have small cracks inside one of the fuel lines in the engine compartment, which along with a pressurized fuel system may over time lead to fuel leakage in the engine compartment” reports businessinsider.com. A Volvo XC 90 car is seen during an interview with CEO Hakan Samuelsson at the Volvo Cars Showroom in Stockholm Thomson Reuters STOCKHOLM (Reuters) – Volvo Cars, which is owned by China’s Zhejiang Geely Holding Group’s [GEELY.UL], is voluntarily recalling about 200,000 cars after it…

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UK has biggest fossil fuel subsidies in the EU

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“A significant part of the UK fossil fuel subsidies identified by the commission is the 5% rate of VAT on domestic gas and electricity, cut from the standard 20%” writes Damian Carrington for theguardian.com. Germany provided the biggest energy subsidies, with €27bn for renewable energy, almost three times the €9.5bn given to fossil fuels.The UK leads the European Union in giving subsidies to fossil fuels, according to a report from the European commission.Rebecca Long-Bailey, Labour’s shadow business and energy secretary, said: “The balance of the UK’s energy subsidies are all…

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Egyptians bear 70% of fuel prices through threefold price hikes in 2 years

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“Currently, the government supported fuel prices by between 25% and 30% through subsidies, compared with 70% of fuel prices which are borne by Egyptian citizens” writes Doaa A for dailynewsegypt.com. He added that the price is expected to remain the same or change by only 10% give or take, without affecting the prices of 92 octane or 80 octane gasoline.Noteworthy, Egypt recorded a government budget deficit equal to 9.50% of the country’s GDP in 2017. For the long-term, the government budget in Egypt is projected to float around -7.50% of…

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News Oil 

“Fuel subsidy reform plays a key role in fiscal consolidation”: IMF

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“It clarified that the fuel subsidy bill has decreased from 3.3% of the GDP in the fiscal year (FY) 2016/17 to a projected 2.7% of the GDP in FY 2017/18, expecting to be declined further to 1.8% of the GDP in FY 2018/19, despite the significant increase in world oil prices over the past year” writes Daily News Egypt for dailynewsegypt.com. Even with the significant increases since the start of the programme, prices for fuel products in Egypt remain among the lowest in the world, which benefits the well-off disproportionately…

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Death toll reaches 73 in Mexico fuel pipeline fire horror

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“By Saturday evening the death toll from Friday’s blaze had risen to 73, with another 74 people injured and dozens more were missing” writes unknown author for cnbc.com. A second pipeline burst into flames Friday in the neighboring state of Queretaro as a result of another illegal tap.His administration also shut down pipelines to detect and deter illegal taps, relying more on delivering fuel by tanker truck.The crackdown has led to widespread fuel shortages at gas stations throughout the country as Pemex deviates distribution, both licit and illicit. Source: cnbc.com

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MEXICO CITY — A massive fireball that engulfed people scooping up fuel spilling from a pipeline ruptured by thieves in central Mexico killed 21 people and badly burned 71 others in what was a chronicle of a tragedy foretold.

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“I am calling on the entire population not to be accomplices to fuel theft,” Fayad wrote” reports washingtonexaminer.com. The blast will further focus attention on Lopez Obrador’s fight against the $3 billion per-year illegal fuel theft industry.MEXICO CITY (AP) — A massive fireball that engulfed people scooping up fuel spilling from a pipeline ruptured by thieves in central Mexico killed 21 people and badly burned 71 others in what was a chronicle of a tragedy foretold.The leak was caused by an illegal pipeline tap in the small town of Tlahuelilpan,…

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Zimbabwe in ‘total internet shutdown’ amid violent crackdown on people protesting fuel price increase

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“Zimbabwe on Friday faced a “total internet shutdown,” a media group said, after a days-long violent crackdown on people protesting a dramatic fuel price increase” writes Farai Mutsaka for sun-sentinel.com. International calls for restraint by Zimbabwe’s security forces are growing, while Mnangagwa prepares to plead for more investment at the World Economic Forum in Davos, Switzerland.The U.N. human rights office on Friday urged Zimbabwe to stop the crackdown, noting reports of intimidating door-to-door searches by security forces. Source: sun-sentinel.com

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Kia issuing new U.S. recall of 68,000 vehicles for fire risks

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“WASHINGTON (Reuters) – Kia Motors Corp said on Wednesday it is issuing a new recall for 68,000 U.S. vehicles at risk of fuel leaks after it previously recalled them in 2017 for engine fire risks” writes Midwest Communications Inc for 95kqds.com. Kia said a high pressure fuel pipe may have been damaged or improperly installed as part of an engine replacement that could increase the risk of fire. Source: 95kqds.com

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Falling wages, rising housing costs fuel homelessness among aging Americans…

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“The report said the coming boom in aging homeless people stems from younger, less educated baby boomers who faced economic challenges in their youth: falling wages and rising housing costs” writes Stacey Burling for chicagotribune.com. It said that improvements in housing plus services aimed at preventing medical crises could sometimes save cities money. They estimated that costs would rise in Boston, but that New York and Los Angeles County could save $20 million to $33 million a year by providing more housing and medical services. Source: chicagotribune.com

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Immediate fossil fuel phaseout could arrest climate change

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“But on the other side of the coin, the [immediate fossil fuel phaseout] is really at the limit of what we could we possibly do” writes Damian Carrington for theguardian.com. Climate change could be kept in check if a phaseout of all fossil fuel infrastructure were to begin immediately, according to research.It shows that meeting the internationally agreed aspiration of keeping global warming to less than 1.5C above pre-industrial levels is still possible.The scientists say it is therefore the choices being made by global society, not physics, which is the…

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