Headline News:
- “Gas Stations Face Bankruptcy As Demand Plummets” • With falling oil prices, followed by loss of demand in a lockdown, lack of profits may force a number of gas stations and convenience stores to close, especially in rural areas or markets dependent on commuters. And, like it or not, that presents a big problem for everyone. [CleanTechnica]
Convenience store (Ted Eytan, CC BY-SA 2.0)
- “US Coal Likely To Be Spared as Demand Dims in 2020, Analyst Says” • Coal producers’ revenue will be largely spared this year, despite the coronavirus reducing consumption. The Coal companies have supply contracts, and utilities are still buying the fuel even if they don’t need to burn it. But prospects for 2021 look far more dire. [Bloomberg Environment]
- “Toyota, Chubu Electric To Form Renewable Power Venture” • Japanese carmaker Toyota Motor Corp is to create a green energy unit to acquire and manage renewable energy plants and supply it with power. The company entered into an agreement with local utility Chubu Electric Power Co Inc to set up Toyota Green Energy LLP. [Renewables Now]
- “New York State Codifies Fracking Ban In Budget” • The New York State legislature permanently banned fracking in its Fiscal Year 2021 Budget, as one of several budget items that prioritize the health of New York’s people and environment. Codifying the ban on fracking makes it permanent, protecting generations to come. [Natural Resources Defense Council]
- “White House Convenes Oil CEOs As Bust Threatens Boom” • Petroleum CEOs and other oil-patch loyalists to President Trump sought White House help in calming roiling global oil markets amid threats to America’s years-long fracking boom and the global pandemic. They had a wide array of suggestions about things the country could do. [Hot Springs Sentinel]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
April 4 Green Energy News posted first on Green Energy Times
No comments:
Post a Comment