Focus on Industry
Toyota, Nissan to expand Japan’s battery production capacity, Nikkei reports
Toyota, Nissan, and others, backed by government support, will boost Japan's storage battery production by 50% with a 1 trillion yen investment.
Texas gas plant proposal rejected from state financing program
Texas energy regulators denied public funding for Aegle Power's 1.3 GW natural gas plant, citing due diligence failures.
Canada oil industry group calls for changes to anti-greenwashing laws
CAPP urges Canada's Competition Bureau to revise anti-greenwashing laws, citing risks, penalties, and unclear guidelines.
US warns against Nippon merger with US Steel, citing China steel glut
U.S. warns Nippon's $14.9B U.S. Steel bid risks national security by reducing domestic steel supply and production.
Stellantis to invest $385 million in Argentine plant
Automaker Stellantis will invest $385 million in its plant in the province of Cordoba, Argentina, between 2025 and 2030
Energy firm Occurrent bidding to produce power from Canada’s Fundy tides files for bankruptcy
Another company, Occurrent, has filed for insolvency after failing to develop tidal power in the Bay of Fundy, raising concerns.
World Bank’s IFC signs green financing deal with Indonesia steel mill
Money for electric arc furnace technology could help steelmaker decarbonise and compete in markets looking for green steel.
GM to launch its first ethanol-capable hybrid-flex vehicles in Brazil
General Motors saidit would begin producing its first-ever hybrid-flex vehicles that can run on 100% ethanol or gasoline alongside their batteries in Brazil.
Mountain Valley Pipeline test failure due to manufacturer defect, not corrosion: report
A May rupture of the Mountain Valley Pipeline in Virginia was due to a manufacturer defect, not corrosion, a report says.
