Stock Market News

Daimler Truck CEO: German bureaucracy preventing reduced gas use

2022.09.15 05:41



© Reuters. Martin Daum, head of Daimler Trucks and Buses gestures during the annual results news conference in Stuttgart, Germany, February 11, 2020. REUTERS/Andreas Gebert/File Photo

BERLIN (Reuters) – The German government’s energy policy is preventing Daimler (OTC:) Truck from being able to reduce its gas use, its chief executive told the Frankfurter Allgemeine Zeitung.

“We would like to save gas, but we are not allowed to, due to emission protection regulations,” Martin Daum told the newspaper on Thursday.

“We’re discussing shower temperatures and whether we should stop lighting monuments: That’s an absolute joke compared to what we could save as an industry if we could unbureaucratically and quickly convert our heating plants to ,” he said.

Daimler Truck has been in the position to switch all its process heat to fuel oil since the end of July to early August, which would save about 40 gigawatt hours of gas per month, he said.

However, to do so requires going through several layers of government and seeking expert opinions, he said. The German lower house of parliament is expected to decide in late September or early October whether to shorten the process.

“Sometime in late October we may be allowed to switch over,” he told the newspaper.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 99,040.54 5.73%
ethereum
Ethereum (ETH) $ 3,512.46 5.01%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.34 7.43%
bnb
BNB (BNB) $ 697.38 1.99%
solana
Solana (SOL) $ 197.24 6.18%
dogecoin
Dogecoin (DOGE) $ 0.336142 7.69%
usd-coin
USDC (USDC) $ 1.00 0.14%
staked-ether
Lido Staked Ether (STETH) $ 3,503.27 5.17%
cardano
Cardano (ADA) $ 0.941085 6.40%
tron
TRON (TRX) $ 0.257822 2.85%
avalanche-2
Avalanche (AVAX) $ 41.30 11.60%
chainlink
Chainlink (LINK) $ 24.80 9.23%
the-open-network
Toncoin (TON) $ 5.81 5.51%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,155.08 4.61%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 6.64%
sui
Sui (SUI) $ 4.64 7.85%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,941.51 6.02%
stellar
Stellar (XLM) $ 0.409858 15.09%
hedera-hashgraph
Hedera (HBAR) $ 0.318676 18.53%
polkadot
Polkadot (DOT) $ 7.55 7.44%
hyperliquid
Hyperliquid (HYPE) $ 31.08 13.13%
weth
WETH (WETH) $ 3,514.23 5.16%
bitcoin-cash
Bitcoin Cash (BCH) $ 475.87 7.56%
leo-token
LEO Token (LEO) $ 9.48 2.15%
uniswap
Uniswap (UNI) $ 14.57 7.24%
litecoin
Litecoin (LTC) $ 109.79 7.87%
pepe
Pepe (PEPE) $ 0.000019 8.89%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,709.98 5.40%
bitget-token
Bitget Token (BGB) $ 4.92 21.45%
near
NEAR Protocol (NEAR) $ 5.58 8.62%
ethena-usde
Ethena USDe (USDE) $ 0.999941 0.01%
aave
Aave (AAVE) $ 377.54 6.65%
aptos
Aptos (APT) $ 9.78 5.33%
internet-computer
Internet Computer (ICP) $ 11.20 10.29%
usds
USDS (USDS) $ 1.00 0.09%
crypto-com-chain
Cronos (CRO) $ 0.166333 6.03%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.529135 10.86%
vechain
VeChain (VET) $ 0.053046 15.07%
ethereum-classic
Ethereum Classic (ETC) $ 28.25 6.97%
mantle
Mantle (MNT) $ 1.24 5.62%
render-token
Render (RENDER) $ 7.88 10.12%
bittensor
Bittensor (TAO) $ 499.32 9.44%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.40 9.31%
mantra-dao
MANTRA (OM) $ 3.80 1.70%
whitebit
WhiteBIT Coin (WBT) $ 24.88 2.12%
monero
Monero (XMR) $ 192.66 1.43%
arbitrum
Arbitrum (ARB) $ 0.823357 7.31%
dai
Dai (DAI) $ 1.00 0.12%
filecoin
Filecoin (FIL) $ 5.49 10.89%