** The National Highway Traffic Safety Administration (NHTSA) is investigating more than 708,000 trucks and SUVs built by Ford and Lincoln due to reports of “catastrophic engine failures.” The agency expands investigation of vehicles all powered by a turbocharged 2.7- or 3.0-liter EcoBoost V6.
** The United Auto Workers union has reached a tentative contract agreement with Mack Trucks that covers about 4,000 workers in three states. Mack Trucks confirmed a tentative agreement on a five-year contract early Monday after the UAW announced the deal just before midnight Sunday.
** The office of Montana’s Republican attorney general is appealing a landmark climate change ruling that said state agencies aren’t doing enough to protect 16 young plaintiffs from harm caused by global warming.
** Lower oil prices are ahead according to Citi. “We hold a bearish view on oil where we forecast Brent to average $82 in 4Q, and $74 for 2024,” wrote Citi’s global head of commodities research Ed Morse in a fourth quarter outlook note.
** Some mining companies are moving to phase out use of fossil fuels in extracting and refining, partly due to pressure from downstream customers that want more sustainable supply chains.
** A proposed wind energy project off New Jersey would be among the farthest from land on the East Coast, the New York-based development company said Monday. Attentive Energy released new information on the project, which will be 42 miles (67 kilometers) off Seaside Heights and provide enough energy to power 600,000 homes.
** Spirit AeroSystems CEO Tom Gentile has stepped down in the wake of a series of industrial difficulties, with the major aerospace supplier naming former Boeing executive and Pentagon official Patrick Shanahan as his interim replacement.
** A free market think tank produced a study showing it could cost Colorado taxpayers more than $318 billion to reach Gov. Jared Polis’ Greenhouse Gas Reduction Roadmap goal for 100% renewable electricity by 2050.
World
** If the global economy wants to avoid spiking energy prices, oil industry investments need to substantially pick up, OPEC Secretary-General Haitham Al-Ghais told CNN. Through 2045, the industry will require at least $12 trillion in investments to avoid potentially costlier crude, he said.
** Germany is set to outline its proposals to break a deadlock with France over the design of the European Union’s electricity market, the latest crunch point between the nations over the region’s climate transition.
** The European Parliament’s environment committee on Monday delayed a decision on whether to accept former Dutch foreign minister Wopke Hoekstra as the EU’s next climate change policy chief, after he sought their backing in a three-hour hearing.
** India needs to increase its solar energy capacity by 36 percent a year for at least the next half-decade to meet its energy mix goals, an analysis said Tuesday. It also urgently needs grid upgrades and more storage capacity to deal with the intermittent nature of renewable energy sources, according to the report from UK-based energy think tank Ember.