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Westport Fuel Systems Inc. (WPRT)

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1.65-0.02 (-1.20%)
At close: 4:00PM EDT
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  • I want MORE!
    Congrats Longs
  • ArticlesBiofuelEfficiencyElectricHeavy-DutyHydrogenLegislationLight-DutyMedium-DutyNatural GasPolicy & RegulationsPropane AutogasRefuelingTrucking
    U.S. Senators Reintroduce Vehicle Innovation Act
    Posted by Joseph Bebon -May 19, 2017
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    Washington DC, United States landmark. National Capitol building with US flag.
    U.S. Sens. Gary Peters, D-Mich.; Lamar Alexander, R-Tenn.; and Debbie Stabenow, D-Mich., have reintroduced the bipartisan Vehicle Innovation Act, a bill to encourage investments in research and development (R&D) of clean vehicle and advanced safety technologies to increase fuel efficiency and reduce the nation’s dependence on foreign oil.

    In the 114th Congress, the senators introduced similar legislation, which was approved by the U.S. Senate as part of a broader package known as the Energy Policy Modernization Act. However, the energy package ultimately failed to pass after the House of Representatives and Senate couldn’t reach a settlement regarding different versions of it.

    “Michigan and the United States are leading the way in developing innovative technologies that will make the next generation of cars and trucks safer and more efficient than ever before,” says Peters. “This bipartisan bill will help ensure that American manufacturers remain internationally competitive by encouraging the development of cutting-edge clean vehicle technologies that improve fuel efficiency, save consumers money and help support American jobs.”

    ROUSH CleanTech id1346
    According to the senators, the Vehicle Innovation Act would strengthen and streamline the U.S. Department of Energy’s (DOE) Vehicle Technologies Office, which promotes public-private partnerships to conduct technology-neutral R&D on a diverse range of new technologies to improve fuel efficiency in light-, medium- and heavy-duty vehicles. Potential technologies include natural gas refueling and electric vehicle charging, among others.

    The senators say the legislation also authorizes critical resources for the Vehicle Technologies Office to encourage research, including $313.6 million in funding for the fiscal-year 2018, and a 4% increase to each year after that through 2022, to ensure steady funding is available to help manufacturers keep pace with emerging advanced technologies that have the potential to reduce fuel costs in the national vehicle fleet.

    “The Department of Energy’s research to make cars and trucks more fuel efficient, to improve electric vehicles and batteries and to develop alternative fuels will benefit Tennessee’s auto industry which supports jobs in 86 of our 95 counties,” says Alexander. “More than one-third of Tennessee manufacturing jobs are auto-related, and investment in new vehicle technologies will continue to attract good-paying jobs to Tennessee.”

    Legislation supporters include the Motor and Equipment Manufacturers Association, the Auto Alliance, UAW, the BlueGreen Alliance, and NTEA – The Association for the Work Truck Industry.

    “Automakers are focused on the deployment of advanced technology and alternative fuel vehicles to help address our nation’s energy security and environmental concerns,” says Mitch Bainwol, Auto Alliance president and CEO. “This legislation will help ensure that our industry partners throughout the vast automotive supply chain are supported in the research on and development of these advanced technologies.”

    “Vocational truck users are at the forefront of integrating advanced technologies and alternative fuels, but the future will require greater advances,” adds Steve Carey, executive director with NTEA – The Association for the Work Truck Industry. “This legislation will help industry partner with government to accomplish the goals of a cleaner and more efficient work truck industry.”

  • Does the Damiler news help Westport? I think it does.....
  • Beautiful chart. The 200 day is at $1.30, which provides great support. First time in a long time we are over the 200 day. Chart says WPRT really wants to go higher.......
  • Congrats Longs
  • your gonna wanna be in this stock when oil goes back to 75
  • Royal Dutch Shell ( RDS.A) ( RDS.B) CEO Ben van Beurden told the Trump administration not to pull out of the Paris Agreement addressing climate change, the Financial Times reports.

    The Paris Agreement is within the UN's Framework Convention on Climate Change dealing with greenhouse gasses emissions reduction, adaptation, and finance starting in 2020.

    As part of the deal, the U.S. pledged to reduce its emissions by between 26% and 28% from 2005 levels by 2025.

    Van Beurden told the Times that withdrawing from the pact "would be unhelpful on a number of fronts," sacrificing diplomatic leverage in international trade deals and impeding U.S. companies.
  • Inside 10 days the 50 Day SMA will cross the 200 Day SMA a classic rally sign That is why I put in a buy order this morning
  • Canada to force carbon tax and emission cap on holdout provinces

    May 18, 2017 6:51 PM ET|By: Carl Surran, SA News Editor

    •Canada's federal government says it plans to tax fossil fuels and cap industry emissions in provinces that refuse to adopt a national price on carbon, setting up a potential fight with the country's energy-rich western provinces.

    •The plan, detailed today by the Environment Minister's office, is a mix of a carbon tax for consumers and a cap-and-trade system for major industry, similar to the system used in Alberta, Canada’s energy hub and biggest carbon emitter; it would essentially force the minimum carbon price Prime Minister Trudeau announced in October.

    •Saskatchewan, home to mining giants Potash Corp. (NYSE:POT) and Cameco (NYSE:CCJ), says a national carbon price would raise costs at a time when the U.S. may cut corporate taxes, and has threatened legal action.

  • Oh you silly fools, this is your opportunity to sell at these lofty prices. lol. wow it is now the price of a reg hamburger at micky d's. nice going wprt. this POS stock is going no where, dont you longs get it. take your profit and head for the doors as fast as you can, the insiders are dumping as we speak and rushing to get out. DONT FOLLOW THE BUZZARDS....but im not going to say a word, not 1 word.
  • $.83 just two short months ago. Giddyup
  • Next stop, per the chart, is $`1.78. We will re-evaluate when we get there. I'm thinking by 6/30/17.
  • Can you see those shorts running for cover? Nice to see..............
  • Average of 5 Analysts is $3.20 So this could be a double for the year end


    HEAD FAKE ???
  • Pounce on the dips.
  • Sirius was at 5 cents now 5 bux...... If gas prices rise back to normal levels and more adoption of long haul trucks happens this stock will make us all rich. I see it as a pretty good bet at this point in time. LONG DUCK #$%$
  • So whats good about hpdi 2.0 compare to 1.0?