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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

Chevron Corporation announced a $32.7 billion capital and exploratory spending program for 2012. Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3

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Westport acquires Alternative Fuel Vehicle Sweden AB, European natural gas system supplier to Volvo Cars

Green Car Congress

a leader in natural gas engines, acquired Alternative Fuel Vehicle Sweden AB (AFV) of Gothenburg, Sweden for approximately SEK 51 million (approximately US$7.6 AFV is the sole supplier of natural gas fuel systems to Volvo Car Company (VCC). We have seen steadily growing demand in Sweden, particularly from corporate and fleet customers.

Sweden 199
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Chesapeake Energy to invest some $1B over 10 years to support natural gas demand, infrastructure and end-use technologies; $305M in initial investments in Clean Energy Fuels and Sundrop Fuels

Green Car Congress

Chesapeake Energy Corporation plans to create a $1.0-billion billion venture capital fund over the next 10 years, Chesapeake NG Ventures Corporation (CNGV), dedicated to identifying and investing in companies and technologies that will replace the use of gasoline and diesel with natural gas and natural gas-to-liquids (GTL) fuels.

Gas 218
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Air Products to supply hydrogen and other gases for Bharat Petroleum Kochi refinery expansion project; company’s first H2 production in India

Green Car Congress

Air Products has signed a long-term agreement with Bharat Petroleum Corporation Limited ( BPCL ) and will build, own, and operate several new industrial gas production facilities in Kochi, Kerala, India. a gas turbine to produce power for the Air Products facilities. billion on their 2012 financial statements.

India 218
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Virginia Governor signs legislation and executive order beginning transition of state vehicles to natural gas, electricity or other alternative fuels

Green Car Congress

Virginia Governor Bob McDonnell has signed two pieces of legislation that promote the use of natural gas, electric or other alternative-fueled vehicles in the Commonwealth. He also signed a new executive order setting out the state alternative fuel plan required by House Bill 2282. HB2105 (Bulova).

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EPA: GHG emissions standards for cars and light trucks should be revised; joint process with NHTSA (updated with more reactions)

Green Car Congress

The US Environmental Protection Agency (EPA) Administrator Scott Pruitt announced the completion of the Midterm Evaluation (MTE) process for the greenhouse gas (GHG) emissions standards for cars and light trucks for model years 2022-2025, and his final determination that the current standards are not appropriate and should be revised.

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GM adds 3 acres of solar arrays in Michigan

Green Car Congress

After the projects are complete this fall, GM will house more than 38 MW of solar power at 13 facilities around the world and more than 60 MW of renewable energy globally when combined with its landfill gas and biomass energy use. Ever since our first solar array in 2006, GM has realized the benefits of renewable energy. GM’s other U.S.

Michigan 265