** The U.S. Supreme Court rules that petroleum producers have standing to sue California over its vehicle emissions rules, saying the firms would be harmed by a gasoline car phaseout.
** Two large California oil refineries are shutting down, triggering mounting concerns from state legislators, industry groups and many others. The Phillips 66 and Valero’s Benicia sites are set to close in 2026. Together, the shutdowns will eliminate nearly 300,000 barrels-per‑day of refining capacity — roughly 20% of the total used in the state.
** Interesting Engineering reported that Re/cell, a Nevada-based battery company, has figured out a way to breathe new life into used Tesla batteries. Its solution? Turn them into modular power blocks for electric drones, vehicles, and energy storage.
** It’s official: Tesla is in the robotaxi industry. After revealing that Tesla would begin rolling out autonomous cabs this year, Tesla co-founder and CEO Elon Musk announced the company officially launched it’s robotaxi service on Sunday, June 22. The robotaxis debuted in Austin, Texas, and customers will pay a flat fee of $4.20.
** June 2025 marked a real milestone for New York and the world of electric flight. For the first time, a passenger-carrying electric airplane landed at John F. Kennedy International Airport, and it wasn’t just a test. There were actual people on board.
** Chevron Corporation (NYSE:CVX) is one of the 10 best dividend stocks according to Jim Cramer. On June 17, 2025, the company announced the closing of a transaction to acquire all equity interests in two subsidiaries of TerraVolta Resources and its investor, The Energy & Minerals Group.
** Prevalon Energy LLC, a Mitsubishi Power Americas and EES joint venture, announced that their Prevalon HD5™ Battery Energy Storage Platform has officially entered commercial operation at Idaho Power’s Happy Valley project. The facility represents a significant milestone in Idaho Power’s long-term strategy to continue serving customers reliably and cost-effectively.
World
** In an apparent flexing of its power, China has slashed its exports of rare earth minerals and all foreign nations are feeling the pinch. in May, rare earth exports to the US were down by 92 percent versus May 2024. This is why Ford says it has a day-to-day supply of the stuff and has idled factories.
** Net zero taxes will be slashed for thousands of manufacturers as Sir Keir Starmer scrambles to save British industry from crippling electricity costs. As part of the Government’s long-awaited Industrial Strategy, the Prime Minister is to cut power bills by up to 25pc for some 7,000 “electricity intensive” manufacturers, including car makers, aircraft factories and chemical plants.
** Recent months have seen an epidemic of puzzling fires and failures across Britain’s electricity network, as unexplained outbreaks have erupted from Exeter in the West Country to Glasgow in Scotland.
