Thursday, 6 February 2025

Focus on Business

FILE PHOTO: People walk past a logo of the battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo
AnalysisBusinessElectric Vehicles (EVs)IndustryManufacturingPoliticsRegulationsSemiconductorTrade

How Washington’s tag on China’s CATL could affect Tesla

US listing of CATL, linked to China's military, puts Musk in a tough spot balancing administration ties and Chinese partnerships.

FILE - A boat navigates large icebergs near the town of Kulusuk, in eastern Greenland, on Aug. 15, 2019. (AP Photo/Felipe Dana, File)
AnalysisBusinessClimateCritical MineralsEmissionsEnvironmentNatural GasOilPolitics

Why Greenland? Remote but resource-rich island occupies a key position in a warming world

Locked inside Greenland are valuable critical minerals such as uranium, billions of untapped barrels of oil and a vast supply of natural gas.

FILE PHOTO: Vehicles pass in front of an Exxon service station in Bethesda, Maryland, U.S., November 25, 2024. Picture taken with long exposure. REUTERS/Raphael Satter/File Photo
BusinessEconomyNewsOil

Exxon Mobil signals oil refining results to hurt Q4 profits

Exxon Mobil projects a $1.6B Q4 earnings drop amid weaker oil prices and refining results, anticipating $600M in impairments.

FILE PHOTO: U.S. President Joe Biden speaks at a reception for newly elected Democratic members of Congress, in Washington, U.S. January 5, 2025. REUTERS/Nathan Howard/File photo
BusinessEconomyElectric Vehicles (EVs)ElectricityEmissionsEnvironmentGeothermalHydropowerLegislationNatural GasNewsNuclear PowerOilPoliticsRegulationsSolarWind

Biden team wraps up expanded clean energy credit guidance

Biden finalizes clean energy tax credit guidance, extending IRA benefits to diverse low-carbon power sources amid climate change push.

FILE PHOTO: CEO of Hess Corporation, John B. Hess speaks during the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023. REUTERS/Hasnoor Hussain/File Photo
BusinessEconomyNewsOilTrade

Hess CEO upbeat on oil demand, says Guyana’s potential barely scratched

Hess CEO John Hess sees a nearly balanced oil market with strong shale and Guyana prospects, yet warns of potential volatility ahead.

Ontario is introducing two new energy efficiency programs, including one offering rebates for certain home improvements. A new housing development is seen in Belleville, Ont., on Friday, March 1, 2024. THE CANADIAN PRESS/Chris Young
BuildingsEconomyFinanceInfrastructureNewsPoliticsRegulationsUtilities

Ontario launching rebates for energy efficient home renovations and upgrades

Ontario is introducing two new energy efficiency programs, including one offering rebates for certain home improvements.

FILE PHOTO: U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. January 7, 2025. REUTERS/Carlos Barria/File Photo
BusinessEconomyNatural GasNewsOilPoliticsRegulations

Trump says he will revoke Biden offshore drilling ban immediately

Donald Trump says he will revoke the offshore oil and gas drilling ban announced by outgoing Democratic President Joe Biden.

Total Energy Services Inc. says it is planning $61.9 million in capital spending for 2025.The company's logo is shown in a handout. THE CANADIAN PRESS/HO
BusinessEconomyIndustryInfrastructureNatural GasNewsOilRegulations

Total Energy Services plans $61.9 million in capital spending for 2025

Total Energy to spend $61.9M in 2025 on Canadian rig upgrades, gas compression, and carry forward $16.6M from 2024.

FILE PHOTO: A J.P. Morgan logo is seen outside the JPMorgan bank offices in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier/File Photo
BusinessClimateEmissionsNewsPolitics

JPMorgan becomes latest U.S. lender to quit Net-Zero Banking Alliance

JPMorgan has decided to leave the Net-Zero Banking Alliance, the latest exit from the sector's biggest climate coalition.

FILE PHOTO: Aurora Innovation logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
AutomotiveBusinessElectric Vehicles (EVs)News

Aurora shares jump after deal with Nvidia, Continental to deploy self-driving trucks

Aurora's stock nearly doubled in a year, driven by investor optimism in autonomous truck tech growth.

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