Spending projections are sliding at two of the world’s energy giants. Chevron Corp. on Thursday said it will cut its annual capital spending budget by 26% next year and sharply through the middle of next decade, as the coronavirus pandemic forces an industry-wide reappraisal of fossil fuel investment. That followed Exxon Mobil Corp.’s retreat from a plan to increase spending to boost its oil-and-gas production as the struggling company reassesses its next decade. Chevron shares fell 0.
Under the revised deal, GM still intends to provide Nikola with fuel-cell technology but is scrapping plans to build an electric pickup truck called the Badger for Nikola and will no longer take a stake in the company. The move comes after a short seller’s report raised questions about the readiness of some aspects of Nikola’s business, allegations the company said were false and misleading. GM shares fell 2.7% Monday.inside Kohl’s Corp.
Joe Biden wants a FINANCIAL CONTRIBUTION from ALL car manufacturers, oil industry & Insurance companies to the MAINTENANCE & SECURING (pedestrian-cyclist) of PUBLIC ROADS paid by taxpayers.They alone have allowed the growth of these industries with dividends EXCLUSIVELY private
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