May 25, 20213:07 PM UTC
Sustainable BusinessEXCLUSIVE Ford follows GM, VW with two new dedicated EV platforms by 2025 -sources
Paul LienertBen Klayman
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Visitors check on a Ford Mustang Mach-E electric vehicle displayed at a launch event in Shanghai, China April 13, 2021. REUTERS/Yilei Sun/File Photo
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Ford Motor Co (F.N) will announce on Wednesday that it is developing two dedicated all-electric vehicle platforms, one for full-size trucks and SUVs, the other for cars and smaller SUVs, as part of a strategy to catch General Motors Co (GM.N), Volkswagen AG (VOWG p.DE) and Tesla Inc (TSLA.O) in the global electrification race, sources familiar with Ford s plans said.
United KingdomUK government awards 167 mln stg funding for clean technology projects
Reuters
2 minute read
A woman walks a dog past Drax power station during the sunset in Drax, North Yorkshire, Britain, November 27, 2020. REUTERS/Lee Smith/File Photo
The British government said on Monday it will award 167 million pounds ($236 million) of funding to help accelerate clean technology and energy efficiency projects in heavy industries.
The funding is aimed at driving forward developments in technologies which will be needed to bring down greenhouse gas emissions to net zero by mid century. Those technolgies include hydrogen-fuel, carbon capture and storage and solutions to decarbonise heavy industries including manufacturing, steel, energy and waste.
BreakingviewsNorth Sea oil IPOs had best take the plunge soon
George Hay
Oilfield platforms are seen in the North Sea, Norway, December 3, 2019.
North Sea oil companies hoping to float should strip off and take the plunge. Sam Laidlaw, formerly boss of UK utility Centrica (CNA.L), is mulling an initial public offering of Neptune Energy, the driller controlled by buyout groups CVC and Carlyle, as well as Chinaâs sovereign wealth fund. His chances of achieving a $10 billion valuation look better if he moves swiftly.
After a recent rush of new listings, investors are showing signs of indigestion. Shares in food delivery group Deliveroo (ROO.L) are languishing 35% below their March debut price, and a bunch of smaller Spanish renewable energy groups recently pulled their listings. Laidlaw also faces competition: Oil driller Wintershall Dea said in February its mooted $20 billion IPO would be done some time this year.
Venezuela's state-run oil company PDVSA has restarted crude blending at its Petrolera Sinovensa facility after a gas supply outage to the Jose oil export terminal halted operations last week, according to a document seen by Reuters on Monday.
EnergyExxon vows to add two new directors amid bitter proxy fight
Jennifer HillerSvea Herbst-bayliss
2 minute read
An Exxon gas station is seen in Houston, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott/File Photo
Exxon Mobil on Monday said it would appoint two new directors with energy industry and climate experience within the next 12 months, a pledge made days before a shareholder contest over the oil companyâs climate stance and board makeup.
Shareholders on Wednesday will decide between s Exxon s 12 current directors and four candidates from hedge fund Engine No.1 who have gained support from investors and proxy advisory firms. Its nominees have oil and wind energy, tech and regulatory backgrounds.