Coal and oil and gas producer Consol has agreed to sell its Consolidation Coal Company subsidiary, which holds five West Virginia coal mines, to Murray Energy for $3.5 billion. Consol aims to whittle its assets down to growth markets – natural gas production and coal for export – as the future of US power generation veers more… Keep reading →
Less than 16,000 battery electric vehicles and 2,000 plug-in hybrids were produced last year, according to IMS Research. But that figure will soar to 16 million by 2021, thanks in part to government initiatives driving innovation in motor manufacturing.
President Barack Obama wants to see 1 million electric vehicles on US roads by 2015, and his administration has implemented proposals for the US Corporate Average Fuel Economy (CAFE standards) of 54.5 mpg by 2025. Keep reading →