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Euro Manganese enters offtake term sheet with battery-maker Verkor

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Euro Manganese has entered into an offtake term sheet with Verkor , a low-carbon battery manufacturer based in Grenoble, France, for the sale of high-purity manganese sulfate monohydrate (HPMSM) from the company’s Chvaletice Manganese Project in the Czech Republic. Earlier post.) The term sheet is non-binding.

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Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

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and the US Department of Energy (DOE) Loan Programs Office (LPO), through its Advanced Technology Vehicles Manufacturing (ATVM) program, have entered into a conditional commitment for a $375-million loan. The Rochester Hub is intended to be the first commercial hydrometallurgical resource recovery facility in North America.

Li-ion 199
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FCA US reaches settlements on diesel emissions at estimated cost of $800M

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Department of Justice (DOJ), the California Air Resources Board (CARB), the State of California, 49 other States and U.S. Department of Justice (DOJ) and the California Air Resources Board (CARB) for environmental claims. Environmental Protection Agency (EPA) performed enhanced screening on diesel vehicles sold by all manufacturers.

Cost Of 312
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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

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The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6%

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Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

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The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year.

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SEC charges Volkswagen AG, former CEO Winterkorn with defrauding bond investors during emissions fraud

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The complaint alleges that Volkswagen made false and misleading statements to investors and underwriters about vehicle quality, environmental compliance, and VW’s financial standing. The litigation is being led by Daniel Hayes. Securities and Exchange Commission v. Volkswagen Aktiengesellschaft, et al., Nº 19-cv-01391 (N.D. filed March 14, 2019).

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California ARB fines Ford $2.96 million for sales of non-compliant On-Board Diagnostic systems in California

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The California Air Resources Board announced that Ford Motor Company has agreed to fines totaling $2,960,000 for violations of air quality laws related to the sale of vehicles with non-compliant On-Board Diagnostic (OBD) systems in California. Officials estimate the money will support loans for about 90 clean-diesel vehicles.