[Source: The Los Angeles Times] The Los Angeles City Council voted Friday to phase out all oil drilling in L.A. and ban new wells, a historic move in a city that was built by a once-booming petroleum industry and whose residents have suffered with decades of environmental consequences as a result. In a 12 to Read More…
Newsroom
The smallest US businesses are laying off the most workers
[Source: The Business Times] Layoffs and discharges are starting to pile up at America’s smallest firms. Some 305,000 workers lost their jobs in October at businesses with less than 10 employees, according to data released Wednesday by the Bureau of Labour Statistics (BLS). That’s up by 137,000 from the previous month. It was the biggest Read More…
Rivian loses $1.7 billion in Q3
[Source: Green.Org] In September 2021, Rivian announced that they would be bringing their fully electric pickup truck to consumers. But now, as we see more companies roll out their electric trucks, Rivian is facing stiff competition. With 2023 approaching, there is the Tesla Cybertruck, the Hummer EV, Chevy Silverado EV, and Ford Bronco hybrid, and Read More…
Oil tax likely won’t be considered until January
[Source: CalMATTERS] When might Californians get more details about Gov. Gavin Newsom’s proposal to enact a windfall profits tax on oil companies, which newly elected state lawmakers are set to consider in a special legislative session beginning on Dec. 5? The specifics of the proposal aren’t likely to surface until the start of the special Read More…
Class 8 orders stay strong, but the party may end soon
[Source: FreightWaves] Class 8 truck orders remained strong in October at 42,500 units following September’s record 53,700 bookings. But slowing profits at truckload carriers may soon throw orders into reverse. Rising fuel prices and slower earnings at truckload companies may depress orders. “We view the strength as transitory and reflective of pent-up demand pouring in Read More…
California’s gas-car phaseout brings turmoil to mom-and-pop gas stations
[Source: Los Angeles Times] It was hailed as a landmark decision for the environment: The California Air Resources Board voted in August to require that all new automobiles and light trucks sold in the state be zero emission by 2035. The move, aimed at tackling climate change, has been cheered by many. Just not mom-and-pop gas Read More…
California‘s climate culture war heats up
[Source: CalMatters] Saying Californians disagree about the state’s approach to climate change might be a bit of an understatement. Today, for example, California’s air regulators are set to hold the first of two hearings on a controversial, far-reaching proposal that would ban the sale of new gas-powered big rigs and other trucks in the state by 2040 Read More…
California’s proposed zero-emission trucking rules ignore years of industry concerns
[Source: Commentary/CalMatters] On Thursday, the California Air Resources Board will hold the first of two hearings on the nation’s first zero-emission mandate for trucking fleets. The proposal completely ignores the numerous practical concerns the trucking industry has raised for years. In some respects, CARB regulating the trucking industry is nothing new. Since 2008, California truckers Read More…
Signature collection begins to repeal California oil well setback law
[Source: Washington Examiner] (The Center Square) – Oil producers announced Thursday they have launched the signature gathering process to stop a new oil well bill, a measure they call a “political war on California’s energy workers and producers.” Independent oil producers and workers are spearheading an effort to place a referendum on the 2024 ballot Read More…