Fuel

Of all the corporate climate hype floating around this spring, ExxonMobil’s secret project to cut down its pollution by mining Bitcoin has to rank up there as one of the strangest. Exxon launched a pilot project in 2021 to mine Bitcoin in North Dakota’s Bakken oil fields, according to reporting by CNBC in March. The US’s biggest oil and gas company is also thinking about doing the same in Alaska and parts of Nigeria, Argentina, Guyana, and Germany, Bloomberg reported. And it’s not alone. Other oil companies, including…

A revolutionary cryogenic tank design promises to radically boost the range of hydrogen-powered aircraft – to the point where clean, fuel-cell airliners could fly up to four times farther than comparable planes running on today's dirty jet fuel.Weight is the enemy of all things aerospace – indeed, hydrogen's superior energy storage per weight is what makes it such an attractive alternative to lithium batteries in the aviation world. We've written before about HyPoint's turbo air-cooled fuel cell technology, but its key…

Amazon on Wednesday said it will impose an average 5 percent fuel and inflation surcharge on merchants to warehouse and ship their products in the United States, in response to rising costs.It is Amazon's first such surcharge and follows months of higher wage and labour-related expenses that have chipped away at the online retailer's profit.Effective April 28, Amazon will charge an average 24 cents more per unit it stores and ships through its Fulfillment by Amazon (FBA) service. The surcharge, which is not permanent, is…