ENERGY (MSM)

EPA expects preliminary VW defeat device software fix next week

Volkswagen AG is expected next week to provide U.S. and California regulators with a preliminary attempt at a software fix for the defeat devices it installed in 2012-2014 Passats, the U.S. Environmental Protection Agency said on Thursday.In an email response to a Reuters query, EPA said Volkswagen told regulators it would deliver the software to the agency and the California Air Resources Board in an attempt to “address and correct”

Chevron extends job cuts to global trading desks

Chevron Corp is cutting staff on its global energy trading desks this week, sources said on Thursday, making it the latest division to face reductions as part of a $3 billion cost-saving plan brought on by low crude oil prices. The Supply and Trading group, based in Houston, but with offices in Singapore, London and San Ramon, California, may be reduced by as much as 10 percent as part of

California adopts ambitious climate change bill

The governor of California on Wednesday signed an ambitious climate change bill that aims to increase the use of renewable electricity and make buildings more energy efficient. “California has taken groundbreaking steps to increase the efficiency of our cars, buildings and appliances and provide ever more renewable energy,” said Governor Jerry Brown at the signing ceremony. The bill aims for California to generate 50 percent of its electricity from renewable

EPA officials tell House panel they cannot detail VW probe

Two senior officials from the Environmental Protection Agency told U.S. lawmakers on Wednesday that they cannot divulge new details about the agency’s probe of Volkswagen without jeopardizing their investigation. In written testimony submitted to a House oversight panel a day ahead of a Thursday hearing, the EPA officials also said that Volkswagen AG concealed information about its ploy to cheat on diesel emissions after higher emission levels were discovered. In