Fuel

Prime Minister Justin Trudeau’s government wants a 42% reduction in emissions from the oil and gas sector as part of Canada’s plan to meet its 2030 emissions reduction goal.

The national average price for diesel resumed its upward trajectory after a one-week respite, gaining 5.1 cents to settle at $5.185 a gallon, according to Energy Information Administration data released March 28.

The U.S. is exporting more diesel than it has in years as buyers in Europe and Latin America vie to secure supplies that have tightened since Russia’s invasion of Ukraine.

Shares of Volta Inc. plunged to all-time lows after the electric vehicle charging company announced the abrupt departures of two of its top executives, both of them founders of the firm.

Tesla Inc. gained in early trading March 28 after the carmaker said it plans to seek shareholder approval for a move that would enable its second stock split in roughly two years.

The U.S. is considering another release of oil from its emergency reserves as prices continue to surge after Russia’s invasion of Ukraine, people familiar with the matter said March 25.

In a nod to the uncertain road ahead for electric vehicle adoption, Stellantis announced an all-new internal-combustion engine line March 25, even as the automaker targets 50% EV sales in the U.S. by 2030.

The U.S. Postal Service announced March 24 it ordered more than 10,000 new electric delivery trucks, up from the 5,000 the agency had initially planned to purchase.

New York, New Jersey, Massachusetts and Connecticut agreed to work with about 40 clean power companies, utilities and universities to create plans for a regional hydrogen hub as part of a push to curb greenhouse gas emissions.

A move by states to soothe the sting of soaring fuel prices by temporarily suspending diesel fuel taxes has some unlikely opponents: truckers, the very people it’s supposed to help.