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Czech Republic to extend coal mining amid high demand

June 30, 2022 by www.sfchronicle.com Leave a Comment

PRAGUE (AP) — The Czech Republic has decided to reverse plans to halt mining in a key black coal region to help the country safeguard its power supply amid high demand and the energy crunch prompted by the Russia's war in Ukraine. Finance Minister Zbynek Stanjura said Thursday that the state-owned OKD company will extend its mining activities in north-eastern Czech Republic until at least the end of next year, with an analysis to be made on a possible further extension until 2025. The original plans called for mining to be halted there this year, but “demand for black coal is enormous,” Stanjura said. Some other European Union countries are turning back to coal as a replacement for reduced deliveries of Russian natural gas, threatening climate goals in Europe. Russia has trimmed gas flows to EU countries like Germany, Italy and Austria on top of its gas cutoffs to France, Poland, Bulgaria and others. OKD's chief executive, Roman Sikora, said the Czech company was planning to … [Read more...] about Czech Republic to extend coal mining amid high demand

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Biden’s Federal Gas Tax Holiday: Would It Help Or Hurt Michigan?

June 22, 2022 by patch.com Leave a Comment

17 Community Corner The news comes just one day after Michigan Gov. Gretchen Whitmer urged​ President Joe Biden to work with Congress on passing the proposal. Dylan Siwicki , Patch Staff Posted | Updated Replies MICHIGAN — President Joe Biden proposed a three-month federal gas tax holiday Wednesday that would dent historically high gas prices in Michigan by 18.4 cents per gallon, providing some immediate relief at the pumps. The news comes just one day after Michigan Gov. Gretchen Whitmer urged President Joe Biden on Tuesday to work with Congress in an effort to temporarily pause the federal gas tax. Nationally, Americans were paying an average of $4.96 a gallon for gas Wednesday, according to AAA. In Michigan, the average price was $5.13 a gallon Wednesday. The move could be more psychological than effective in an economy battered by the highest inflation in 40 years , saving motorists a couple of … [Read more...] about Biden’s Federal Gas Tax Holiday: Would It Help Or Hurt Michigan?

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Gas Tax Holiday A Possibility, Biden Says

June 21, 2022 by patch.com Leave a Comment

18 Politics & Government The president is also considering whether to support distributing gas rebate cards to citizens, according to CNN. Anna Bybee-Schier , Patch Staff Posted | Updated Replies REHOBOTH BEACH, DELAWARE — President Joe Biden is considering a gas tax holiday amid high fuel prices and other inflation, according to reports. “I hope I have a decision based on the data I’m looking for by the end of the week,” Biden told reporters Monday in Rehoboth Beach, Delaware. The gas tax, which is just over 18 cents per gallon, funds road-related expenses, according to CNN , which reported a bill that would suspend the tax is pending in Congress but has not gained much traction. The national average gas price Tuesday was just under $4.97 a gallon, down from about $5.02 per gallon a week ago, according to AAA. Oil prices are at a 14-year high after Russia invaded Ukraine in February and energy use … [Read more...] about Gas Tax Holiday A Possibility, Biden Says

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Kellogg Splits Divisions, Will Have Dual Michigan-Chicago Campuses

June 21, 2022 by patch.com Leave a Comment

0 Business The cereal and plant-based meat companies will remain headquartered in Battle Creek, while snack division HQ is in Chicago. Associated Press , News Partner Posted Reply BATTLE CREEK, MI — Kellogg Co., the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks and plant-based foods. Kellogg's which also owns MorningStar Farms, the plant-based food maker, said Tuesday that the spinoff of the yet-to-be-named cereal and plant-based foods companies should be completed by the end of next year. Kellogg's had net sales of $14.2 billion in 2021, with $11.4 billion generated by its its snack division, which makes Cheez-Its, Pringles and Pop-Tarts, among other brands. Cereal accounted for another $2.4 billion in sales last year while plant-based sales totaled around $340 million. "These businesses all have significant standalone potential, and an enhanced focus will … [Read more...] about Kellogg Splits Divisions, Will Have Dual Michigan-Chicago Campuses

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