Tuesday, 6 May 2025

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FILE PHOTO: An extension of Denbury Inc's Greencore carbon pipeline is ready to be lowered into its trench, in Montana, U.S., 2021. Picture taken in 2021. Denbury/File Photo
BusinessCarbon ManagementEconomyInfrastructureNewsPolitics

Summit carbon project would be reassessed if US tax credits repealed, attorney says

Summit Carbon Solutions' CO2 pipeline project may be reassessed if U.S. tax credits for carbon capture are repealed.

FILE PHOTO: The headquarters of of mining company Vale SA is pictured, after the collapse of a tailings dam in an iron mine in Brumadinho in Brazil, in St-Prex, Switzerland January 30, 2019. REUTERS/Denis Balibouse/File Photo
BusinessClimateCritical MineralsElectricityEmissionsEnvironmentIndustryInfrastructureMiningNewsPolitics

Brazilian miner Vale invests in US startup as part of decarbonization push

Vale Ventures invested in Electrified Thermal Solutions, which develops fossil fuel-free heating tech to cut emissions in industry.

da is aiming to cut its emissions in half by 2035 compared to 2005 levels, a newly released benchmark lower than its advisory body recommended.Environment and Climate Change Minister Steven Guilbeault rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Thursday, Dec. 5, 2024. THE CANADIAN PRESS/ Patrick Doyle
ClimateEmissionsNewsPolitics

Canada says it wants to slash its emissions in half by 2035. Will that be enough?

Canada aims to cut emissions by 45-50 per cent by 2035, lower than the 50-55 per cent recommended, amid concerns over U.S. policy...

Suncor Energy Inc. says it will increase oil output next year by up to five per cent and lower costs from its oilsands assets.Pipes lead to a processing unit at Suncor Fort Hills facility in Fort McMurray Alta., on September 10, 2018.THE CANADIAN PRESS/Jason Frans
BusinessClimateEconomyEmissionsEnvironmentNatural GasNewsOilTrade

Suncor to increase oil and gas output by up to five per cent in 2025

Suncor Energy plans to boost oil output by up to five per cent in 2025, targeting production of 810,000 to 840,000 barrels per...

Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. REUTERS/Benoit Tessier/File photo
BusinessElectric Vehicles (EVs)NewsTransport

Elon Musk’s net worth tops $400 billion, Forbes billionaires list shows

Musk is EV maker Tesla's largest shareholder with about a 13% stake in the company.

FILE PHOTO: A home smart meter showing energy use is seen in the kitchen of a home in an illustration picture taken September 9, 2024. REUTERS/Phil Noble/File Photo
BusinessInfrastructureNewsUtilities

Iberdrola plans UK smart meter unit sale, sources say

ScottishPower, Iberdrola's subsidiary in the UK, manages over 2.5 million smart meters through its unit SP Smart Meter Assets Limited.

A car waits to be filled with gasoline at a station in Point Pleasant Beach, N.J. on Thursday, Dec. 12, 2024. (AP Photo/Wayne Parry)
ClimateEmissionsFuelLegislationNatural GasNewsOilPolitics

New Jersey, home to many oil and gas producers, eyes fees to fight climate change

New Jersey's oil and natural gas facilities would be charged climate-related fees under a bill being considered in the Legislature.

FILE PHOTO: An employee fills the tank of a car with petrol at a gas station in Shanghai February 7, 2012.  REUTERS/Aly Song/File Photo
BusinessFuelNewsOil

Global diesel prices to rely on refinery closures for support in 2025

About 1 million barrels per day of refining capacity in Europe and the U.S. is expected to permanently shut down next year.

FILE PHOTO: Vehicles queue in traffic at a highway in Frankfurt, Germany, March 27, 2023. REUTERS/Kai Pfaffenbach/File Photo
AutomotiveClimateCourtsEmissionsNewsPoliticsRegulationsTransport

EU not buckling to pressure over car CO2 rules, climate chief says

Europe's car industry potentially faces $15.8 billion of fines for failing to meet 2025 targets.

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