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Peloton, Tesla fall; Harley-Davidson, GameStop rise
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Rice Energy (NYSE:RICE), Ameresco, Inc (NYSE:AMRC) - RICE Shares Rally On SPAC Deal To Create Renewable Gas Platform
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by Roger Gilroy (Transport Topics) Clean Energy Fuels Corp. announced it finalized a joint venture with BP Products North America Inc., a subsidiary of BP, to develop, own and operate new renewable natural gas projects at dairies and other agriculture facilities.
Each company will retain 50% voting control in the joint venture, which will be initially funded with $50 million previously provided by BP and another $30 million from Clean Energy.
The joint venture anticipates adding preferred stock and debt to increase committed investment capital, according to Clean Energy. It is based in Newport Beach, Calif., and will be the operating partner. READ MORE