Focus on Economy
Trumps tasks congressman with writing executive order he could issue to halt offshore wind
The Trump ally believes offshore approvals did not fully account for the fishing industry, tourism, whales or Americans’ utility bills.
Austrian far right, conservatives plan cuts to climate measures
The eurosceptic, Russia-friendly FPO came first in September's parliamentary election with around 29% of the vote.
Hawaii lawmakers vow to stabilize property insurance market as climate change fuels higher premiums
Wildfires in California affect the insurance business in Hawaii because insurance companies buy reinsurance — insurance for themselves.
Canada’s public pension holdings in natural gas companies a risk: report
Report raises alarms over public pension investments in natural gas, warning they risk becoming stranded assets amid the energy transition.
Copper giant Peru sees economy expand for eighth straight month
Peru's GDP grew 3.93% in November 2023, marking eight months of expansion, driven by strong agriculture and fishing sectors.
Albertans await decision on potential coal mine as public hearings wrap up
Protests mark final hearing on controversial Alberta coal mine, as decision nears on Northback Holdings' project.
EIA expects oil prices to be under pressure from oversupply in 2025, 2026
U.S. oil production is poised to set a larger record this year than prior estimates, the EIA said in its Short-Term Energy Outlook...
Volkswagen deliveries fall in 2024 as electric push slows
The 10-brand group, which includes Audi, Porsche and Lamborghini, sold 9.03 million vehicles last year, down 2.3 per cent from 2023.
G20 financial stability watchdog urges broader adoption of climate transition plans
G20's FSB urges standardization of climate transition plans to assess banking risks, as global discrepancies persist.
IFC says world must urgently streamline green bond ‘taxonomies’
World Bank calls for unified green bond definitions to secure funds for the green transition, amid concerns over US policy shifts.
