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Advisory firm shares thoughts on Musk’s 2018 Tesla pay plan

Teslarati

Proxy advisory firm Glass Lewis has shared a few thoughts on the ongoing vote to ratify Elon Musk’s 2018 compensation plan, ahead of the company’s upcoming shareholders meeting. Along with the size of the payment plan, the firm said it was concerned about the deal having a dilutive effect on shareholders. What are your thoughts?

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Valero to Permanently Close 210,000 bpd Delaware City Refinery

Green Car Congress

Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. Valero Delaware City Refinery. Click to enlarge. —Valero Chairman and CEO Bill Klesse.

Delaware 186
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USDOT awarding $55M to support purchase of Low-No buses; electric buses and infrastructure

Green Car Congress

Eligible projects included those that replace, rehabilitate, lease, and purchase buses and related equipment as well as projects to purchase, rehabilitate, construct or lease bus-related facilities, such as buildings for bus storage and maintenance. million for hydrogen fuel cell buses. Description. City of Fairfield. 746,456.

Purchase 191
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Biodiesel producer Renewable Energy Group to acquire F-T company Syntroleum

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REG) has entered into an asset purchase agreement under which it would acquire substantially all of the assets of Syntroleum Corporation, and assume substantially all of the material liabilities of Syntroleum, a Fischer-Tropsch gas-to-liquids and renewable diesel fuel technology company. Syntroleum has 101 patents issued or pending.

Renewable 268
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Aqueous Hybrid Ion battery company Aquion files for Chap. 11, targets sale of assets

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the developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and energy storage systems ( earlier post ), filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court of the District of Delaware. Aquion Energy Inc., Whitacre, J. Shanbhag, S., Mohamed, A., Polonsky, A.,

Companies 170
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Tesla’s largest retail shareholder continues push against Elon Musk’s $56B pay package

Teslarati

KoGuan Leo has been one of Tesla’s largest shareholders for years and is the company’s biggest retail investor, with over 27 million shares held. However, a small-time shareholder sued Tesla and Musk, and a Delaware judge ultimately ruled for the plaintiff, reversing the compensation plan. I’d love to hear from you!

Delaware 137
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Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

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According to the lawsuit, Foxconn simply used its variety of contractual arrangements with the Company as a tool to destroy Lordstown’s business, while leveraging resources gained through the partnership to advance its own business interests. Earlier post.)

Motors 150