Volume 4 Issue 17
The United States Environmental Protection Agency is reconsidering a 2019 action that sought to end a policy allowing California to regulate motor vehicle emissions through greenhouse gas standards and a mandate for sales of zero emissions vehicles. The state’s standards could play a key role in shifting the nation’s vehicle population to electric vehicles, which have significantly different lubrication and cooling requirements.
Rounding out a year since COVID-19 struck its home market, Afton Chemical continued to run behind pre-pandemic performance, posting a double-digit year-to-year decrease in profits for the quarter ending March 31, despite slightly higher sales.
Canadian National Railway offered to buy Kansas City Southern railway for $33.7 billion last week, exceeding the $29 billion offer from rival Canadian Pacific. Kansas City Southern – one of the largest transporters of base oil and lubricants from the United States into Mexico – said it would enter negotiations with Canadian National just a month after accepting Canadian Pacific’s proposal.