鈥淲e have more energy than any other country and now we are unleashing it,鈥 President Donald Trump said as he signed executive orders in the Oval Office on Feb. 14.
February 14, 2025GovernmentBusinessTechnologyEquipmentFuel
ArcelorMittal to Build $1.2 Billion Alabama EV Steel Mill
Steel giant ArcelorMittal is investing $1.2 billion to build an Alabama mill slated to produce advanced steel by 2027 for hybrid and electric vehicle motors to feed into the U.S. supply chain.
February 14, 2025BusinessFuel
Chevron Plans to Cut Up to 20% of Workers in Efficiency Push
Chevron Corp. plans to cut its global workforce by 15% to 20% by next year, as part of efforts to reduce costs at the U.S. oil major.
February 12, 2025GovernmentBusinessTechnologyFuelLogistics
Canada Gives Halifax Port C$25 Million for Green Initiatives
Canada has granted C$25 million to the Halifax Port Authority for sustainable environmental infrastructure and establish a hydrogen production facility.
February 12, 2025GovernmentBusinessTechnologyFuelTCA
Ohio鈥檚 EV Charger Expansion Stalls After Federal Freeze
It鈥檚 now unclear whether Ohio will build any more of the federally funded charging stations, as President Donald Trump鈥檚 team has directed all states to halt new spending of the money.
February 11, 2025GovernmentBusinessTechnologyEquipmentFuel
GM and Ford Lobby to Save EV Tax Incentives
Among the options being floated if the Trump administration moves to strike EV incentives is a three-year wind down to allow more time for the companies to adjust their businesses.
February 11, 2025BusinessFuel
Elliott Builds More Than $2.5 Billion Stake in Phillips 66
Elliott Investment Management has built a more than $2.5 billion stake in oil refiner Phillips 66, and plans to push the company to sell or spin off its midstream business, Bloomberg reports.
February 11, 2025GovernmentFuel
Diesel Price Gains a Half-Cent to $3.665 a Gallon
The national average price for a gallon of diesel posted its second straight increase of less than a penny, according to U.S. Energy Information Administration data released Feb. 10.
February 10, 2025GovernmentBusinessTechnologyEquipmentFuel
Northvolt鈥檚 Bankruptcy Deals $531M Blow to Swedish Investors
Sweden鈥檚 state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB.
February 10, 2025GovernmentBusinessTechnologyEquipmentFuel
A Timeline of US-China Retaliatory Tariffs
TAIPEI, Taiwan 鈥 China鈥檚 tit-for-tat duties on U.S. imports took effect Feb. 10, hours after President Donald Trump announced that he wants to slap new duties on all steel and aluminum imports.
February 10, 2025