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EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

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In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). For example, New York State taxes for both diesel and gasoline rose $0.088/gal in January 2023 compared with July 2022.

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New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

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Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.

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UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035

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UK Prime Minister Boris Johnson confirmed that the government will accelerate the ban on the sale of new gasoline and diesel vehicles, bringing it forward by ten years to 2030, as part of a “Green Industrial Revolution.” The sale of hybrid cars will be allowed until 2035.

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TerraStar Energy to license Emerging Fuels Technology’s Fischer-Tropsch and Maxx Jet/Maxx Diesel upgrading technology

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TerraStar Energy signed a Memorandum of Understanding (MOU) with Emerging Fuels Technology (EFT) to license EFT’s Fischer-Tropsch (FT) and Maxx Jet/Maxx Diesel proprietary technology ( earlier post ) to build a fleet of FLEX plants—small-scale, modular renewable diesel facilities.

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Omnitek Engineering completes $5M placement; financing to facilitate diesel to natural gas truck engine conversion sales

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Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 million in gross proceeds.

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New York City Council passes bill mandating all city school buses be electric by 2035

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According to the Fiscal Impact Statement prepared by the Finance Division of the City Council, there are approximately 10,700 school buses City-wide, of which the City manages approximately 960 in partnership with the NYC School Bus Umbrella Corporation (NYCSBUS). million in capital costs through Fiscal 2035, or $28.3

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Nornickel, Rosatom and FESRC to design and build LNG-icebreaker to escort Nornickel ships along Northern Sea Route

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The parties will form a working group to develop terms of reference for the LNG icebreaker design and construction, select a shipyard, and consider financing options. As part of this partnership, Federal State Unitary Enterprise Atomflot is expected to operate Nornickel’s future icebreaker fueled by diesel and LNG.

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