All articles tagged with #fuel industry
The US Supreme Court ruled that fossil fuel companies and states can challenge California's ability to set stricter vehicle emission standards, potentially impacting the state's pioneering clean car policies and efforts to reduce greenhouse gases. The decision overturns a lower court ruling and highlights ongoing legal and political battles over environmental regulations and state authority in climate policy.
The Haslam family has sold its remaining 20% ownership in Pilot Company to Berkshire Hathaway, ending their 65-year history with the North American travel and fuel company. The sale, which began in 2017 when Berkshire acquired a minority stake, has now concluded with the transfer of power. The sale price of the final 20% has not been disclosed, but Berkshire previously spent $10.96 billion to acquire the first 80% of Pilot. The Haslam family has committed to continuing its philanthropic work in Knoxville, while Berkshire remains a "preferred owner" for retaining employees and preserving companies. The lawsuits between Berkshire and the Haslams over the sale price were settled earlier this month, with terms undisclosed.