NEWS UPDATES Please note that all orange text in the following section is hyperlinked. If viewing electronically, you can click to read full articles.
GLOBAL GERMANY TO MANDATE EV CHARGERS AT ALL GAS STATIONS Germany will require every gas station in the country to install electric car charging stations. Reuters reported that the requirement is included in a $146 billion economic recovery plan that's come about in the wake of the coronavirus pandemic. BRITISH ENERGY COMPANY TO ACQUIRE PINNACLE RENEWABLE ENERGY British energy company Drax has agreed to acquire Pinnacle at a price of C$11.30 per share, valuing Pinnacle at C$385 million. The acquisition brings together Drax, which owns the world’s largest sustainable biomass power station in the UK, with Pinnacle, one of the leading global producers of high-quality compressed wood pellets. This Canadian-UK combination will be positioned as the world’s leading sustainable biomass supply and power generation business. FORD WILL BE ALL-ELECTRIC IN EUROPE BY 2030 Ford is vowing to convert its entire passenger vehicle lineup in Europe to electric power by 2030 in just the latest sign of the seismic technological changes sweeping the auto industry. Ford will spend $1 billion to revamp its factory in Cologne, Germany and make it a base for production of battery powered cars using Volkswagen's mechanical framework, said Stuart Rowley, president of Ford of Europe. Canadian Independent Petroleum Marketers Association | Connection 2021 |
7
