ExxonMobil Violates Clean Air Act with No Repercussions
In July, the Associated Press reported that two environmental companies, Environment Texas and Sierra Club, filed an intention to sue ExxonMobil for their violations of the Clean Air Act. After reporting their intention 60 days ago, as indicated by law, the two environmentalists released the lawsuit yesterday. Filed in federal court in Houston, the companies report that the nation’s largest refinery has violated the act thousands of time – but will anything be done?
For companies as powerful as ExxonMobil, the chances of this lawsuit making an overall impact on their company, despite initiating the attention of environmentalists nationwide, will be remarkably slim. Similar to other companies with that kind of clout, ExxonMobil has beat components to the ground over the years. Proponents have even directed the opposition's attention to the minimal resources ExxonMobil has in overall global oil reserves, a meager five percent, indicating their lack of impact within the industry.
What is even odder is that is focuses on the Texas oil refinery in Baytown. According to the environmentalists, ExxonMobil has released more than 8 million pounds of illegal pollution over the past five years; meanwhile, Texas has been recognized nationwide for its leading provisions in greenhouse gases. Do Environment Texas and Sierra Club stand a chance at taking down this oil giant?
Of course, Environment Texas and Sierra Club have already sunk their claws into Shell and Chevron Phillips, settling out of court settlements following similar actions. While Texas remains the largest provider of oil refineries and chemical plants in the nation, if it were up to the environmentalists, they stance would no longer hold true.
Tesla records $1.1bn quarterly profit
Tesla recorded $1.1 billion net income in the second quarter, for the first time in its history, overcoming semiconductor chip shortages and other supply chain challenges.
Spurred by record levels of global demand and 'never-before-seen inflection point' for electric vehicles, production ran close to full capacity, and a quarterly highlight was the launch of the Tesla Vision. Total revenues were just under $12 billion and year-on-year production increased from 180,338 models to 206,421.
Technology will continue to be key to the carmaker's future. "Solving full autonomy is a difficult engineering challenge in which we continue to believe can only be solved through the collection of large, real-world datasets and cutting-edge AI," it said.
Progress is being made on the industrialisation of the Cybertruck, which is earmarked for production at Austin. The removal of radar, which is enabled by its collection of a vast dataset of corner cases, allows Tesla to focus on vision and increase the pace of improvement - the first customers have downloaded FSD V9 Beta this month.
Geographic production breakdowns were as follows:
- US California and Texas production ramp of Model S progressed and majority of all Model 3/Y was delivered, and Texas Gigafactory (pictured below) continues to progress
- Shanghai production remained strong despite 'minor' supply chain challenges and Tesla has completed the transition of Gigafactory Shanghai as the primary vehicle export hub
- Europe Berlin-Brandenburg demand (main photo) remains well above supply, resulting in growing wait times for delivery, and new equipment and testing tools are being introduced, with growing import volumes in the interim
- The company is "on track" to build its first Model Y vehicles in Berlin and Austin this year but pressures on batteries and supply chains means the Semi truck program has been pushed back to 2022
Tesla said it has successfully validated performance and lifetime of its 4680 battery cells produced at its Kato facility in California but "we still have work ahead of us" before it can achieve volume production. Energy storage deployments more than tripled, driven mainly by several Megapack projects, although energy storage production continues to be held back by supply chain challenges, given its long backlog. Solar deployments reached 85MW in Q2, a triple jump on Q2 2020.
Gigafactory Texas: Model Y factory construction