The Intertubes have been buzzing with news that Toyota is spearheading a public-private partnership that will deploy wind energy to generate hydrogen for whole fleets of zero emission electric vehicles. That’s the good news. The bad news is that the EV fleets in question are not exactly Tesla-level exciting. They’re forklifts, to be precise. Oh…
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Imperial Oil has reached agreements with five fuel distributors in Canada
Imperial Oil has reached agreements with five fuel distributors in Canada to sell its remaining 497 company-owned Esso retail stations for $2.8 billion. Distributors purchasing the sites include Alimentation Couche-Tard Inc. with 279 retail stations in Ontario and Quebec; 7-Eleven Canada Inc. with 148 sites in Alberta and British Columbia; Harnois Groupe Pétrolier, which purchases…
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Three c-store owners make Forbes world’s billionaire list
Three convenience store retailers have once again landed spots in Forbes magazine's 2016 The World's Billionaires. Tom and Judy Love, operators of convenience store network Love's Travel Stops & Country Stores and with a net worth of $5.9 billion, have clinched the highest spot among the c-store retailers. The couple’s ranking has leaped from No.…
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World energy demand to grow 35% over next 20 years
Global energy demand is expected to increase by 35% between 2014 and 2035, according to the BP Energy Outlook published yesterday. This growth in overall demand by an average of 1.4% a year includes significant changes in the energy mix, with lower-carbon fuels growing faster than carbon-intense fuels as the world begins to transition to…
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