Democrats’ slimmer spending bill focuses on health care, climate change deficit-reduction
The estimated $740 billion package—passed Sunday by the Senate and heading to the House—is full of party priorities.
Energy & Environment
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FCA US put on probation, must pay $300M for emission scheme
The company formerly known as Chrysler Group was placed on probation for three years Monday for deceiving regulators about diesel emission systems on 101,000 Jeep Grand Cherokees and Ram 1500 trucks.
Cummins investing $24M in German battery startup
Cummins is investing in VoltStorage, a Munich, Germany-based company that develops and produces batteries based on redox flow technology, a more environmentally friendly alternative to lithium-ion batteries.
Manchin wins big nods to oil in deal ending logjam on climate
The breakthrough spending deal reached by Sens. Joe Manchin and Chuck Schumer would commit a historic $370 billion to combat climate change, but it comes at a cost that some green activists are finding impossible to accept.
Manchin says he has reached deal with Democrats on economy, climate bill
The deal aims to lower health-care costs, combat climate change and reduce the federal deficit, marking a massive potential breakthrough for President Joe Biden’s long-stalled economic agenda.
Renewable energy farm builder IEA to be acquired for $1.1 billion
Infrastructure and Energy Alternatives Inc., which ranks as the 10th largest public company in the Indianapolis area, has agreed to be acquired by MasTec Inc., a Florida-based construction and engineering firm.
Steelmaker to use scrap wood to cut its carbon footprint
Fort Wayne-based Steel Dynamics Inc. says a newly announced joint venture with Minnesota-based biocarbon company Aymium will help it meet its goal to achieve carbon neutrality by 2050.
Sky-high diesel prices squeeze truckers, farmers, consumers
For months, motorists have felt the pain of high gasoline prices. Many might not know that they’re also absorbing the impact of much costlier diesel in the form of higher priced goods.
GE reveals identity of three companies after historic split
The split is the culmination of years of paring by the massive American conglomerate, which signaled a shift away from a corporate structure that dominated U.S. business for decades.
Indiana ponders implementation of electric vehicle charger networks
It is part of a nationwide push to add at least 50,000 chargers for electric vehicles. Indiana will receive almost $100 million in federal funding with an explicit push to prioritize disadvantaged communities and rural areas.
EnerDel acquired by longtime board member’s company
EnerDel, founded in 2004, is a designer and manufacturer of lithium-ion energy storage products and battery systems for heavy-duty transportation, on- and off-grid electrical storage, mass transit and task-oriented applications.
Wholesale inflation in June surged 11.3% from a year ago
Last month’s jump in wholesale inflation was led by energy prices, which soared 54% from a year earlier.
Higher gas prices hurt pockets, make tiny dent in emissions
High gasoline prices are a “double-edged sword” for the president because they hurt him politically even though they lead to fewer trips to the gas pump and lower emissions.
Fishers-based ‘blank check’ company finds acquisition target
Fishers-based American Acquisition Opportunity Inc. says it has entered into a merger agreement with Royalty Management Corp. in an all-stock deal that values Royalty Management at $111 million. The merger will create a new Fisher-based public company.
Jim Merritt: Environmental policy that gives Indiana manufacturing a leg up
A border carbon adjustment would penalize imports from countries with lower environmental standards (e.g. China, Russia and India) by charging a fee at the border on the carbon emissions used to manufacture their high-polluting products.
Supreme Court decision might slow transition to cleaner energy
The Supreme Court ruling limiting the Environmental Protection Agency’s authority to regulate greenhouse gas emissions from power plants could have far-reaching consequences for the energy sector.
Supreme Court limits EPA in curbing power plant emissions
By a 6-3 vote, with conservatives in the majority, the court said that the Clean Air Act does not give the Environmental Protection Agency broad authority to regulate greenhouse gas emissions from power plants that contribute to global warming.
Biden administration holding its first onshore oil sales
President Joe Biden suspended new leasing just a week after taking office in January 2021. A federal judge in Louisiana ordered the sales to resume.
From carp to copi: Unpopular fish getting a makeover
If “invasive carp” doesn’t sound appetizing, how about a plate of copi? The state of Illinois is unveiling a market-tested rebranding campaign to make the fish appealing to consumers.
UPDATE: Biden calls for 3-month suspension of gasoline, diesel taxes
President Joe Biden’s push faces uphill odds in Congress, where many lawmakers, including some in his own party, have expressed reservations. Even many economists view the idea of a gas tax holiday with skepticism.