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Arthur L. Irving, the second-born son of New Brunswick industrialist K.C. Irving, has died at the age of 93 after a life spent growing the oil business that his father founded. Irving, then chairman of Irving Oil, takes to the podium during the grand opening of the Halifax Harbour Terminal in Dartmouth, N.S., Thursday, Oct. 20, 2016. THE CANADIAN PRESS/stringer
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Canadian oil executive Arthur Irving dies at age 93

Arthur L. Irving, the second-born son of New Brunswick industrialist K.C. Irving, has died at the age of 93 after a life spent...

FILE PHOTO: Darren Woods, Chairman and CEO, Exxon Mobil Corporation speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
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Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley

The Illinois state treasurer has urged Exxon Mobil shareholders to vote against the election of Executive Chair and CEO Darren Woods, as the...

FILE PHOTO: The logo of Tesla on display at the Everything Electric exhibition at the ExCeL London international exhibition and convention centre in London, Britain, March 28, 2024.  REUTERS/Peter Cziborra/File Photo
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Tesla settles factory worker’s sexual harassment lawsuit

Tesla has settled a lawsuit by a former factory employee who says she was fired for complaining about severe sexual harassment, as the...

dian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual Banking on Climate Chaos report. Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Vecz
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Canadian banks directed over US$100 billion to oil and gas last year: report

Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual...

AnalysisBusinessEconomyFinanceOilReports

Feedback loops: Oil prices, inflation and monetary policy

How does the price of oil interact with inflation and the monetary policy meant to keep it in check? It's complicated, according to...

FILE PHOTO: A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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BHP says Anglo American rejected revised proposal

By Clara Denina LONDON (Reuters) -Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP Group on Monday,...

Top banks have provided $6.9 trillion in financing to the fossil fuel industry since the 2015 Paris Agreement (AFP)
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US, Japanese banks lead fossil fuel financing

Fossil fuel financing fell by 9.5% last year, says climate campaigners' report, but banks are still sending $705bn to the sector.

FILE PHOTO: The logo of Italian multinational energy company Eni is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
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Eni eyes new oil and gas spin-offs in energy transition satellite strategy

Italian energy group Eni could spin off stakes in high-potential oil and gas projects, while focusing on low-carbon activities

The BYD logo is displayed at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/ File photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)In-DepthTrade

Chinese EV called the Seagull poses a big threat to the US auto industry

Politicians and car companies across America feel wary as the BYD Seagull, a $12,000 hit EV in China, threatens the US market.

FILE PHOTO: A building of China National Offshore Oil Corp (CNOOC) headquarters is pictured in Beijing, China March 8, 2021. REUTERS/Tingshu Wang/File Photo
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Chinese companies win more bids to explore for Iraq oil and gas

Chinese companies won five more bids to explore Iraqi oil and gas fields, Iraq's oil minister said on Sunday

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