12 Oct

Mexico president says government will help Pemex until 2021

MEXICO CITY — Mexico President Andrés Manuel López Obrador says his government will support the state-owned oil company with all the budget it needs and tax relief until 2021.López Obrador said Wednesday that by then, Petroleos Mexicanos will have recovered its footing, increased production and be able to finance the country’s development during the remainder of his term.Years of neglect during which governments funded themselves on Pemex’s profits rather than reinvesting in the company left it heavily indebted and facing declining production.López Obrador has made returning Pemex to its former stature a priority. He has sent the military after the organized crime rings that tap its pipelines and steal its fuel and promised to build a massive new refinery in spite of experts questioning the financial logic.The Associated Press read more

8 Oct

Vancouvers electric car owners to see fees for using cityowned charge stations

VANCOUVER — An electric vehicle pilot program set to be introduced in Vancouver could be a jolt in the wallet for drivers of battery-powered cars.Two programs will be presented to councillors Tuesday and the city says one sets fees for electric vehicle charging stations, while the second aims to create more curb-side stations for businesses and homeowners.The report calls for fees at 16 charging stations, ranging from $2 per hour plus a regular parking rate for a slower charging method, to $16 per hour plus the meter rate for a fast charge.A news release from the city says it would cost approximately twice as much to fill an efficient gasoline car of a similar size.Use of electric vehicle charging stations has more than doubled in the past two years in Vancouver and the city says the stations where fees are being introduced had over 17,000 charging sessions last year.BC Hydro expects the number of electric vehicles in B.C. to increase to about 300,000 in less than 15 years, and Vancouver alone expects to see about 30,000 of the rechargeable cars.The city says the pilot programs will continue for two years and the results will be reported back to council. read more