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Fisker Karma

Fisker Files Bankruptcy, DOE Loses $139M

Fisker Automotive has filed for bankruptcy protection and the Department of Energy sold its loan to a Hong Kong-based investor for $25 million, losing some $139 million in the deal. The DOE will have recovered a total of $53 million from the original $192 disbursed. Hybrid Technology Holdings, led by … Read more »

Policy & Enforcement Briefing: West Fertilizer Explosion, TX Agency Appeals its Own Win

The Occupational Safety and Health Administration has proposed $118,300 in penalties for Adair Grain, the operator of West Fertilizer Co., whose West, Texas fertilizer plant exploded in April, killing 15 people and injuring more than 160. OSHA cited Adair for 24 safety violations including unsafe handling and storage of chemicals. … Read more »

Policy & Enforcement Briefing: Arch Coal Setback, Texas Water Case, $1bn Utility Settlement

The US Court of Appeals ruled yesterday that the EPA can revoke Arch Coal‘s permit for its Spruce No. 1 mountaintop mine in West Virginia, the Wall Street Journal reports. The US Army Corps of Engineers approved the permit. A lower court will now consider whether the EPA’s revocation was arbitrary, as the company alleges. … Read more »

Environmental Executive Moves: Fisker, WRScompass, Sionix, GreenBlue

Here’s the latest news on hirings, promotions and departures among environmental leaders. Fisker Automotive: Electric car company executive chairman and founder Henrik Fisker (pictured) has resigned. The company says Fisker’s departure won’t affect the company’s pursuit of strategic partnerships and financing to support its low-emission hybrid electric powertrain technology. The … Read more »

A123 Files for Bankruptcy, Sells Automotive Unit to Johnson Controls

Electric battery maker A123 Systems filed for Chapter 11 bankruptcy yesterday and announced it was selling its automotive business to Johnson Controls in a deal valued at $125 million. A123, the Waltham, Mass-based company that supplied batteries to GM and luxury car maker Fisker Automotive, has agreed to sell to … Read more »