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TC Energy Corp. says it has reduced the pressure on a segment of its NGTL pipeline system while an investigation continues into the cause of a rupture that occurred on the line earlier this week. TransCanada's Keystone pipeline facilities are seen in Hardisty, Alta., on Friday, Nov. 6, 2015. THE CANADIAN PRESS/Jeff McIntosh
BusinessNatural GasNewsTransmission

Pipeline operator TC Energy reports $1.20B Q1 profit

TC Energy Corp. reported a first-quarter profit of $1.20 billion, down from $1.31 billion in the same quarter last year, as its revenue...

Three groups challenged Grant Shapps’ decision to approve the Carbon Budget Delivery Plan in March 2023, when he was Secretary of State for for Energy Security and Net Zero (Maja Smiejkowska/PA)
ClimateCourtsEmissionsNewsPolitics

UK Government acted unlawfully in approving climate plan: High Court

The former secretary of state, Grant Shapps's decision to approve the Carbon Budget Delivery Plan was ruled “not justified by the evidence”.

FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo
Critical MineralsNews

Goldman Sachs settles class action lawsuit tied to metal trades

The lawsuit alleged Goldman Sachs had violated antitrust laws by conspiring to manipulate a benchmark for platinum and palladium prices.

FILE PHOTO: Xcel Energy's Monticello Nuclear Generating Plant is seen in Monticello, Minnesota, U.S. March 27, 2023. REUTERS/Adam Bettcher/File Photo
ElectricityLegislationNewsNuclear Power

Ban on Russian uranium helps US build nuclear fuel capacity

The U.S. has about three or four years to stand up new uranium conversion and enrichment capacity and replace Russian imports.

FILE PHOTO: The marine offloading facility at the LNG Canada site is pictured, in Kitimat, Canada, September 2022. LNG Canada/Handout/ File Photo
Liquefied Natural GasNewsTransmission

US stands to lose Canadian gas after LNG Canada terminal starts up

The start-up of LNG Canada is likely to strain its natural gas supplies and force producers to reduce US exports

A record-breaking heatwave is broiling parts of Asia, helping drive surging demand for cooling options, including air-conditioning (AFP)
ClimateNewsWeather

Heatwave swells Asia’s appetite for air-conditioning

Forecasts suggest that higher temperatures could see the number of air-conditioning units in Southeast Asia jump to 300 million by 2040

FILE PHOTO: Logo of Uniper is pictured at the company's headquarters, as Germany agreed to nationalize Uniper by buying Fortum's stake in the gas importer to secure operations and keep its business going, in Duesseldorf, Germany, September 21, 2022. REUTERS/Wolfgang Rattay/File Photo
BusinessNatural GasNews

Exclusive-Uniper’s dormant gas contracts may pose hurdle to listing

Uniper is looking to the courts to solve the issue of its gas supply contracts that could deter investors upon its return to...

FILE PHOTO: The logo of Ferrari is seen on a car during the Prague Autoshow in Prague, Czech Republic, April 13, 2019. REUTERS/David W Cerny/File Photo
AutomotiveBusinessFuelNews

Ferrari appeals to traditional base with two new V12 cars

Despite promising its first fully-electric vehicle in 2025, Ferrari has said it will continue selling internal combustion engine cars.

ElectricityNewsPoliticsTransmission

US court lifts block on $655m clean-energy transmission line

The Cardinal-Hickory Creek high voltage transmission line will connect more than 160 renewable energy projects to the Midwestern energy grid.

FILE PHOTO: Macquarie Group's corporate logo is pictured on the wall of the Sydney headquarters after the Australian bank's full year results were announced, May 6, 2016. REUTERS/Jason Reed/File Photo
BusinessElectricityNews

Macquarie posts 32% fall in profit as energy markets stabilise

Australia's Macquarie Group annual profits down after years of blockbuster results due to volatile European energy markets and heightened fossil fuel demand in...

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