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When configured as a street-legal vehicle it can serve populations unable to get to vaccination sites because they don’t have access to transportation—including millions of high-risk older adults and low-income households. Element Fleet Management Corp.,
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Li-ion maker A123 Systems, Inc.
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
The IPCEI program can finance the network construction in part. However, the financing of network operation requires a long-term solution to the charging issue in the EnWG. However, this would be the best solution to enable a uniform and non-discriminatory use of the hydrogen infrastructure at sustainable conditions.
The pilot project intends to strengthen legal compliance and improve health and safety conditions as well as social well-being in the south of the Democratic Republic of Congo, where 70% of the world’s cobalt resources are located. The first trainings for mine operators and miners have just begun.
With the closing of our recent financing and the permitting of both the K1 and M1 mining projects, we are now in position to expedite our goal of achieving free cash flows from hoisting our high-grade, direct shipping, vein graphite from both projects within the next few months. —Don Baxter, President, and CEO. From the K1 site.
CPT was advised on the transaction by Turquoise International (corporate finance) and Matthew Arnold Baldwin (legal & tax). It also validates our approach to technology development, which we apply to all our products. —CPT CEO Nick Pascoe“.
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%
Rockwood intends to finance the acquisition using existing cash on its balance sheet and new debt financing. Lazard is acting as exclusive financial advisor to Rockwood, and Gilbert & Tobin is acting as Rockwood’s legal counsel. —Seifi Ghasemi, Chairman and CEO of Rockwood.
The financing was led by a combination of new and existing shareholders. McCarthy Tetrault LLP acted as Canadian legal counsel while Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as United States legal counsel to Osum. Stikeman Elliot LLP acted as legal counsel to the KERN led shareholder group. Scotia Waterous Inc.
Tesla has lost its Head of Legal, David Searle, who reportedly left his position at the automaker less than a month ago. ” Tesla’s Finance Department reportedly flagged the purchase, which then incited Searle to oversee the entire investigation. Tesla has gone through several Head Legal employees in the past several years.
The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.
Many individuals find the legal processes right after an accident overwhelming: growing medical bills, car repair costs and lost wages put a big dent in personal finances. We will unfold for you everything, from getting medical treatment to what your legal rights could be.
FCO MA CODA Holdings LLC, an affiliate of Fortress Investment Group, is leading a consortium of lenders intending to provide debtor-in-possession (DIP) financing to enable CODA’s extant energy storage business (CODA Energy) to remain fully operational during the restructuring process. CODA expects the sale process to take 45 days to complete.
Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC. A focused work program on long-term finance was agreed will contribute to the. as possible, but not later than 2015.
Tesla’s legal team received a boost last month, with the company hiring Derek Windham, a top securities lawyer, as its senior director and deputy general counsel for corporate and securities. He would be reporting to the head of Tesla’s in-house legal team, who, in turn, reports directly to CEO Elon Musk. .
In addition, FCA US will pay $19 million to the State of California for emissions mitigation initiatives, while also financing the upgrade of 200,000 high-efficiency catalytic converters through the aftermarket. million to various other state attorneys general for environmental and consumer claims. $6
million, $740,000 will go to the California Pollution Control Financing Authority (CPCFA), which provides financial assistance to projects aimed at reducing pollution and waste and encouraging the use of renewable energy.
The transaction is not subject to a financing condition. Morrison & Foerster LLP served as legal advisor to ON Semiconductor. Qatalyst Partners acted as exclusive financial advisor to Quantenna, along with O’Melveny & Myers LLP, who served as legal advisor.
The issuance of conditional commitment by the DOE was preceded by legal, technical and commercial due diligence by the LPO to evaluate the loan and the project’s potential to meet market demand and commercial and environmental benchmarks.
million) Series D financing round. This Series D financing builds on a strong year for Skeleton Technologies, which saw a tripling of its revenues. Ellex Raidla acted as legal advisors to Skeleton Technologies. European ultracapacitor leader Skeleton Technologies completed a €41.3-million million (US$48.4
The parties intend to enter an offtake agreement, whereupon the pricing mechanism and minimum tonnages outlined in the term sheet would become binding upon the signing by the parties of a legally binding offtake agreement, together with any other agreements necessary to give effect to the project.
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.
This fully privately financed project seeks to pilot an approach to address challenges in artisanal mining. If proven effective, these measures could then be scaled up to other legal artisanal mine sites and enhance systemic challenges in the longer run.
The World Resources Institute released a report titled CCS Demonstrations in Developing Countries: Priorities for a Financing Mechanism for Carbon Dioxide Capture and Storage.
The feasibility study is expected to determine the most likely pipeline route, the estimated costs of constructing such a pipeline, and review regulatory, legal and permitting requirements. This program, instituted in the Energy Policy Act of 2005, is designed to spur technological innovation in fossil fuel development.
The GCEP collaboration expects to benefit from the bank’s expertise in financing sustainable businesses dedicated to addressing climate change and advancing low-carbon solutions. Bank of America is also working to reduce greenhouse gas emissions from its own operations.
—Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. In order to finance the high investment required to realign the business model, the company launched the Audi Transformation Plan (ATP). Our investment planning takes this into account.
processes, including production planning, logistics, finance, maintenance, quality and materials management. Projects of the legally independent entity are to be carried out for Audi. The company’s goal is to expand its project business gradually and achieve a powerful workforce within the next five years.
priorities in clean energy and advanced manufacturing, through grants, financing assistance, and tax incentives that accelerate fundamental. Positions the Environmental Management program to meet its legally enforceable cleanup. These funds are. part of a broad energy strategy that emphasizes. commitments at sites across the country.
In particular, Avis Budget expects significant cost reductions across the fleet life cycle (from procurement to operations and maintenance to disposition, as well as financing), in addition to savings from eliminating Zipcar’s public-company costs. The companies expect substantial synergies in fleet utilization. Source: Avis Budget.
The ACT framework joins other current DOE legal mechanisms for working with the national laboratories, including Work for Others and Cooperative Research and Development Agreements (CRADAs). DOE will announce the laboratories selected to participate in the pilot in January.
These platforms—which combine open alliance legal agreements (like Visa or Mastercard's legal agreements), distributed ledger technology (for example, blockchains like IBM's hyperledger ), and end-to-end encryption—can handle not only payments but also finance, trade, tax, and audits in a uniform manner.
According to the group, an integrated climate change and clean energy policy framework should include: Clear short-, medium- and long-term greenhouse gas emission reduction objectives and targets, and comprehensive, enforceable legal mechanisms and timelines for delivering on these objectives and targets.
This marks the first time the EU-financed development teams in SARTRE have tried their systems together outside the simulators. At the workshop a number of non-technical challenges for road trains were discussed, such as legal regulations, product liability and driver acceptance of automated vehicles. Earlier post.
The complaint alleges that Volkswagen made false and misleading statements to investors and underwriters about vehicle quality, environmental compliance, and VW’s financial standing.
Ford Motor Company has executed a commitment letter to support debtor-in-possession financing for Visteon’s restructuring efforts and to ensure long-term continuity of supply. Visteon’s legal advisor is Kirkland & Ellis LLP; its restructuring advisor is Alvarez & Marsal and its financial advisor is Rothschild Inc.
Non-Annex I actions may be (partially) financed by Annex I2. Under the current proposals, the estimated annual mitigation costs, including financing the reduction of emissions from deforestation and forest degradation in developing countries, for the developed region would vary between US$18 to 38 billion in 2020.
The conditional commitment follows DOE technical, market, financial and legal due diligence and marks another significant milestone endorsing Li-Cycle’s development of the first commercial hydrometallurgical resource recovery facility in North America, located near Rochester, New York. Li-Cycle Holdings Corp.
Bringing developing countries into the carbon markets in order to encourage low carbon development, provide finance and make the most of mitigation opportunities. International climate negotiations can only go so far.
” The court’s judgment stands as a recent update to the electric vehicle maker’s legal battle against the protesters behind a high-profile anti-Tesla demonstration at the 2021 Shanghai Auto Show. Tesla China’s legal actions were directed at both Anyang Zhang and Xi’an Li.
BETO recognizes the availability of financing for first-of-a-kind process systems can be a barrier to commercializing advanced biofuels. Barriers to Scale-Up of SAF, Marine, and Renewable Diesel Technologies – input on technical, financial, legal, contractual, policy and other barriers.
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