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FCA US reaches settlements on diesel emissions at estimated cost of $800M

Green Car Congress

The estimated total cost of settlements is $0.8 billion, in line with financial charge taken for this purpose in third-quarter, 2018. federal and state authorities FCA maintains its position that the Company did not engage in any deliberate scheme to install defeat devices to cheat emissions tests.

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DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

Green Car Congress

The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. Leverage increased private sector financing for deployment of “all of the above” energy technologies. Operate three fully integrated CCS demonstrations and six large scale CO 2 storage injections by the end of FY 2015. watt utility, $2.37/watt

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Volkswagen Group to invest $106 billion over next 5 years in Automotive Division

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Investments in property, plant and equipment, investment property and intangible assets, excluding capitalized development costs (capex) in the Automotive Division will amount to €64.3 billion (US$80 billion), on a level with the planning approved in the previous year for the period from 2014 to 2018. billion (US$51.3

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IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

Green Car Congress

Going from nearly 2 million barrels per day annual growth in 2018, an all-time global record, to essentially no growth by 2021 makes it pretty clear that this is a new era of moderation for shale producers. Investors are imposing capital discipline on E&P’s by pushing down equity prices and pushing up the cost of capital on debt markets.

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Toyota Tsusho to acquire 15% stake in lithium miner Orocobre for US$232 million

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Lithium brine operations typically have a much lower cost of production than hard-rock lithium deposits. The cash operating cost of approximately US$3,500/t positions the Company as being one of the lowest cost lithium producers globally.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

Both, it would seem, have incentive to do so, as each has lost over $100 billion in crude revenues in 2015—and Russia bears the extra burden of U.S. In the course of 2015, both have raised output and exports over 2014 levels—Saudi Arabia by ~500 and 550~ mbbls/day respectively and Russia by ~100 and ~150. and $65.65

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Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

The report shows that projected global ZEV adoption from 2015 to 2039 (based on the BNEF 2017 forecast) may follow an s-curve, similar to that of smartphone adoption in the US from 2005 to 2015. Total Cost of Ownership: An analysis of 17 popular 2017 models found ZEVs can already be price competitive now, without government incentives.