Tag: Fossil fuel

Canadians To Pay Significantly More At The Pumps Thanks To Surging Oil Prices | CTV News

mdbincbi

EDMONTON – As oil prices reach a seven-year high, analysts say Canadians should brace for skyrocketing prices at the pumps this week as the global economy begins to rebound from a pandemic lull.In Winnipeg, fuel prices soared 10 cents overnight to $1.429 cents per litre, up from the average of $1.335 cents per litre – a price that hasn’t been seen in nearly 13 years. Drivers in Toronto, meanwhile, have been told to brace for prices as high as $1.44 cents per litre by Thursday, adding to already inflated prices.…

Read More

Canada Is Going To Ban New Gas-powered Car Sales By 2035 | Electrek

mdbincbi

Canada is the latest country to announce an upcoming ban on new gas-powered car sales. Canada has set the target of 2035 in a move to accelerate electric vehicle adoption. Over the last few years, several countries have announced plans to stop allowing the sale of gas-powered vehicles. Norway is the leader on that front, and it aims to phase out new fossil fuel-powered vehicles by 2025. It is already well on its way, with the majority of new vehicle sales already being all-electric. Read full story here: Canada Is…

Read More

Boosting Solar Adoption With The Powerlily App | PVBuzz

mdbincbi

The Canadian Federal government recently unveiled its latest budget, outlining additional funding to build on A Healthy Environment and a Healthy Economy. The budget clearly supports several policies that seek to reorient Canada’s economy away from fossil fuel dependence, of which a rising carbon tax (up to $170 by 2030) and $40,000 interest-free loans for home retrofits, including solar energy, are two of the most notable aspects. Read full story here: Boosting Solar Adoption With The Powerlily App | PVBuzz

Read More

President Biden Will Make Entire 645K Federal Vehicle Fleet Electric | Electrek

mdbincbi

President Joe Biden has just announced that he will replace the entire US federal fleet with electric vehicles made in the US. The US federal fleet consists of over 645,000 vehicles, according to the latest Federal Fleet Report. This includes 245k civilian vehicles, 173k military vehicles, and 225k post office vehicles. Biden talked a lot about American-made electric vehicles during the campaign, so an announcement to this effect is not unexpected, but campaign promises do not always translate to real action. Read full story here: President Biden Will Make Entire…

Read More

Canada Lags Far Behind Pioneering Norway In Phasing-out Gasoline Vehicles | Global News

mdbincbi

More often than not, Norway finds itself at, or near, the top of all the good lists — perhaps most notably as number 1 on the United Nations Human Development Index. It has now secured its place at the top of another list: the 21st century race to make zero-emission vehicles (ZEV) the norm. In 2020, Norway became the first country where the majority of passenger vehicle sales were ZEVs, specifically battery electric vehicles (BEV). Data from the Norwegian Road Federation (OFV) shows that 54.3 per cent of all new…

Read More

Bargain Prices For Oil And Gas Companies As They Hit The Discount Bin | CBC News

mdbincbi

It was a rough week for the Canadian oilpatch, to say the least, with the Keystone pipeline shutting down after a leak, Encana deciding to become American, and a new drilling forecast for 2020 that is woeful at best. To cap things off, Pengrowth Energy announced its pending sale. The Calgary-based company was a homegrown success story and was once worth billions of dollars. Its share price was more than $13 in 2011. Read full story here: Bargain Prices For Oil And Gas Companies As They Hit The Discount Bin…

Read More

Electric-car State Fees Often Cost More Than Gas Tax, Study Shows | Roadshow

mdbincbi

It’s perhaps an unthought-of benefit for electric-car owners: There’s no way to pay into a state’s gasoline tax at the pump since the cars won’t take a drop of fossil fuels. Numerous states have crafted workarounds, however, as they try recoup costs to keep road budgets afloat for repairs and maintenance. Read full story here: Electric-car State Fees Often Cost More Than Gas Tax, Study Shows | Roadshow

Read More

US Issues Final Rules Halting Increase Of Fuel Efficiency Penalties | Engadget

mdbincbi

The Trump administration isn’t deterred by legal attempts to preserve a once-planned increase in fuel efficiency penalties. The NHTSA has issued final rules freezing the fine at $5.50 for every tenth of a mile per gallon a new vehicle consumes above required standards, halting an Obama-era plan that would have gradually raised the penalty to $14. The NHTSA said it was just following Congress’ desire to ensure the rate stayed at the statute’s requirement. Read full story here: US Issues Final Rules Halting Increase Of Fuel Efficiency Penalties | Engadget

Read More

Canadians Want Majority Of New Cars To Be Electric, Expect It In Future, Survey Says | Electrek

mdbincbi

A new poll of driving-age Canadians shows strong support for electric cars, and strong expectations that EVs will become the norm in the future. The poll, conducted by Clean Energy Canada, shows that 64 percent of Canadians would prefer electric vehicles to be the majority of vehicles sold in the future. Furthermore, 72 percent of Canadians believe EVs will become the majority of cars sold around the world. Read full story here: Canadians Want Majority Of New Cars To Be Electric, Expect It In Future, Survey Says | Electrek

Read More

5 Reasons Why Gas Prices Are Set To Go Up In Canada — And Fast | CBC News

mdbincbi

The price of filling up a tank of gas is a classic Canadian irritation. But a confluence of factors may soon make that process even more gobsmacking than usual. Here’s a look at five reasons gas prices are soaring. A big one is that gas prices always rise around this time of year. “Usually we see a gasoline demand spike in the second week of June,” GasBuddy.com’s senior petroleum analyst Dan McTeague says. While few people put any thought to it on a fill-up, the chemical composition of gasoline is different in summer…

Read More