Energy & Fuel

"U.S. Fines Automakers Hyundai and Kia for Misstating Mileage"

"In the largest-ever penalty for a violation of the Clean Air Act, the Korean automakers Hyundai Motor and Kia Motors will pay the federal government a combined $300 million as part of a settlement for overstating vehicle fuel-economy standards on 1.2 million cars, Justice Department and Environmental Protection Agency officials said on Monday."

Source: NY Times, 11/04/2014

"U.S. Oil Export Battle Heats Up as Drillers Group To Fight Ban"

"More than a dozen oil producers have joined to lobby the federal government to reverse the 40-year-old ban on U.S. crude exports, a move that supporters say would create jobs and keep the energy boom alive, a spokesman for one of the companies and a lobbyist for another one said on Friday."

Source: Reuters, 10/29/2014

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