5. Catch up fast: ethanol, OPEC, EV charging
Policy: "The Trump administration has agreed to a new plan for boosting renewable fuels and offsetting waivers exempting oil refineries from mandates to use them, according to three people familiar with the matter who asked for anonymity before a formal announcement," Bloomberg reports.
Oil: Per Reuters, "Ecuador, one of the smallest members of the Organization of the Petroleum Exporting Countries, said on Tuesday it will leave the 14-nation bloc from Jan. 1 due to fiscal problems."
More oil: "Norway’s massive wealth fund got the go-ahead to sell oil and gas stocks worth $5.9 billion, ending a two-year process that has reduced an initial proposal to dump all its petroleum investments to a more moderate divestment," per Bloomberg.
EV charging: The VW unit Electrify America yesterday announced it's now selling a home-charging system for $499, and says it's "compatible with all electric vehicles available in the North American market today."
Engadget has more on the 7.6kW unit...
- That level of power is "not going to make you skip Electrify's own 150kW or 350kW chargers. It should, however, ensure that your car is topped up before you leave for work in the morning."
- "Built-in WiFi helps you check in on your charging and, eventually, adapt to power companies' demand-based programs."
Controversy: The Guardian writes, "The Royal Shakespeare Company is to end its sponsorship deal with BP after growing opposition to big oil’s involvement with the UK’s leading theatre company."
- BP, in a statement, said it was "disappointed and dismayed" that the 8-year relationship is ending early.