MH Daily Bulletin: July 5

July 5, 2022 • Posted in Daily Bulletin

News relevant to the plastics industry:

At M. Holland

  • We are numb with grief over yesterday’s mass shooting in Highland Park, Illinois, a neighboring community to M. Holland’s headquarters and home to many Mployees. Fortunately, all Mployees are safe and accounted for, but our hearts and thoughts are with the community after this tragic attack.

Supply

Which Countries Are Ditching Russian Fossil Fuels?
  • Canada’s government said it will not provide funding support for two proposed LNG export projects. 
  • Sri Lanka’s fuel crisis is deepening over difficulties raising $587 million for new deliveries.
  • California’s fuel taxes rose a pre-planned 5.6% last week despite the state having the highest gasoline prices in the nation. 
  • British gasoline and diesel prices continue to set new daily records

Supply Chain

Domestic Markets

Thousands of Flights Canceled and Delayed Over July 4 Weekend
  • Major U.S. carriers canceled 2.9% of domestic flights in June, up from 2% during the same time in 2019. 
  • The Supreme Court’s latest decision that curbs the power of the EPA is throwing doubt on the SEC’s efforts to force companies to disclose their emissions, legal experts say. 

International Markets

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