Automakers and EV battery makers alike are increasingly rushing to make investments in North America in order to receive tax credits provided by Biden’s landmark climate change bill.

The approach has brought new costs and logistics hurdles for supply chains that are adding a new twist to globalization.

The change will bring much-needed liquidity into the benchmark, which for years has been suffering from shrinking supplies.

The Department of Energy will invest $52 million in 19 select clean energy projects, with an extra $30 million earmarked to fund solar energy technologies.

The P&I insurance that Gatik lost is important for vessels when they enter ports or sail through key waterways like Turkey’s ardanelles shipping straits.

Electricity prices have surged, ships hauling fuel have diverted from the country’s shores, and the nation has burned through natural gas stockpiles.

A staggering 93% of chemical companies claim freight transportation and supply chain disruptions have affected them negatively.

The move by the Netherlands would apply to both spot and long-term contracts. The nation is a transit country for gas supplies, meaning that the decision could have a broader European impact. 

If automakers embrace electric vehicles, they could account for 67% of new light-duty vehicle sales and 46% of new medium-duty vehicle sales in 2032.

Clearance was given after claims that the cargo was from Kazakhstan, but data intelligence firms Vortexa and Kpler showed it originated from Russia.