Year: 2020

(Bloomberg) — BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more.The U.S. supermajors have only committed to reducing greenhouse gases from their own operations, which typically account for just 10% of fossil fuel pollution. BP on Wednesday followed Royal Dutch Shell Plc and Equinor ASA in pledging to offset emissions from the fuels they sell to customers, representing about 90% of the total.“If we do see capital flowing into BP, that …read more […]

Tesla Inc is seeking approval from Chinese regulators to offer a new China-made Model 3 variant, a government document shows. The variant would have a longer driving range, a source familiar with the matter said. Like the current China-made Model 3, which has a standard driving range of more than 400 kilometers, it would be a rear-wheel drive vehicle, the source said, who was not authorized to talk about the matter and declined to be identified. …read more […]

Tesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash. The National Highway Traffic Safety Administration (NHTSA) and Transport Canada said aluminum bolts that attach the electric power steering gear assist motor to the gear housing may corrode and break causing a reduction or complete loss of power steering assist. The recall applies to 2016 model year X vehicles. …read more […]

The previous residential record was set late last year, when media executive Lachlan Murdoch paid roughly $150 million for Chartwell, a Bel Air estate used as the Clampett residence in the television show “The Beverly Hillbillies,” the Journal reported. A spokesperson for Amazon did not immediately respond to a request for comment. It is named for Jack Warner, the head of Warner Bros. Studio who built the mansion in 1937. …read more […]

(Bloomberg) — Industry leaders privately warned the Trump administration that the U.S. will struggle to produce the oil, gas and other energy products that China has committed to buy in a new trade deal, raising additional questions about one of the president’s signature economic achievements.The “phase one” deal signed by President Donald Trump on Jan. 15 calls for China to purchase an additional $52.4 billion in liquefied natural gas, crude oil, refined products and coal over the next two years. To do that, China would have to import an additional 1 million barrels per day of crude oil, 500,000 barrels …read more […]