Focus on Business
Alberta seeks to “de-risk” oil, gas pipeline investments in wake of Trump victory
Alberta explores boosting U.S. oil exports by de-risking private investments, avoiding direct subsidies for new pipelines.
Alberta aiming to create test site to support new drilling technologies
Alberta will invest $50M in a first-in-Canada drilling test site to boost oil, gas, geothermal, and lithium tech innovation.
Steelmaker ArcelorMittal to close two plants in France: unions
ArcelorMittal to shut two French plants by June, citing declining demand from industrial clients, affecting over 130 jobs.
US light vehicle sales to rise 6% in November, report says
U.S. light vehicle sales are projected to rise six per cent in November, driven by subcompact crossover demand, EV growth, and promotions.
California could offer EV rebates if Trump eliminates tax credit, Newsom says
California plans state tax rebates for electric vehicle buyers if federal EV credits end, aiming to boost clean car adoption.
Tesla racks up nearly 34 million metric tons of GHG emissions credits in 2023
Tesla sold 34M tons of GHG credits in 2023 as automakers faced record deficits amid stricter EPA emissions standards.
Volkswagen has taken major writedown on Northvolt stake, sources say
Volkswagen has written down its 21 per cent Northvolt stake amid the Swedish battery maker's bankruptcy filing, reflecting EV market struggles.
Analysis: Lilium’s fall throws spotlight on air-taxi cash crunch
The air-taxi industry faces hurdles as Lilium exits, raising doubts about timelines and viability despite investor support.
We have officially advised our university to ditch carbon offsets — and focus on cutting emissions
Carbon offsetting fails to deliver net zero; experts urge universities to focus on emissions cuts, rewilding, and decarbonization efforts.
Air-taxi maker Vertical signs tentative funding deal with investor, extends cash runway
Mudrick Capital to convert half of Vertical Aerospace’s debt to equity, providing $50M in funding and financial relief.
