Tuesday, 17 September 2024

Economy

A rainbow appears to come down on pumpjacks drawing out oil and gas from wells near Calgary, Alta., Monday, Sept. 18, 2023. Observers are criticizing Alberta Energy Minister Brian Jean's suggestions on how the province might clean up its thousands of abandoned oil wells, saying they favour industry and lack input from the public. THE CANADIAN PRESS/Jeff McIntosh
EconomyEnvironmentLegislationNewsOilPoliticsRegulations

Critics slam Alberta oil well clean up suggestion for favoring industry, lacking public input

Critics say Alberta's oil well cleanup plan favors industry, lacks public input, and may use public funds unfairly.

FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020.  REUTERS/Adrees Latif/File Photo
BusinessEconomyNewsOilPolitics

US to seek six million barrels of oil for reserve, amid low oil price

The Biden administration will buy up to 6 million barrels of oil for the SPR, replenishing after a 2022 sale.

FILE PHOTO: The logo of Nippon Steel Corporation is displayed at the company headquarters in Tokyo,  Japan in this photo taken by Kyodo May 1, 2019.  Mandatory credit Kyodo/via REUTERS/File Photo
BusinessEconomyIndustryInfrastructureNewsPolitics

US Steel CEO confident Nippon Steel deal will close ‘on its merits’

U.S. Steel CEO David Burritt said on Tuesday he was confident Nippon Steel's $14.9 billion bid for his company would "close on its...

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessEconomyNewsOilPolitics

Venezuela seeks 4-month pause in auction of shares in Citgo parent

Venezuela's lawyers requested a four-month pause on a U.S. court-ordered auction of Citgo shares, citing political turmoil.

Keith Anderson has said regional pricing plans could slow down investment in energy (Jordan Pettitt/PA)
BusinessEconomyElectricityIndustryInfrastructureNewsPoliticsRegulationsSolarUtilitiesWind

Regional pricing proposals could slow UK energy investment: ScottishPower CEO

ScottishPower’s CEO warns against a proposed regional electricity pricing model, saying it could deter investment during the UK’s green transition.

Alberta's energy minister is promising strong action to clean up the province's growing backlog of unreclaimed oil and gas sites. A de-commissioned pumpjack is shown at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. THE CANADIAN PRESS/Jeff McIntosh
EconomyEmissionsEnvironmentNewsPolitics

Energy minister says public money could help finance Alberta energy cleanup

EDMONTON — Alberta’s energy minister is promising strong action by next fall to clean up the province’s growing backlog of unreclaimed oil and...

Ottawa is negotiating a bailout of $500 million to help avoid a jolting power hike in Nova Scotia related to delivery delays of Muskrat Falls hydroelectricity over the past five years. Environment Minister Jonathan Wilkinson speaks during a press conference in Halifax, Monday, Sept. 16, 2024. THE CANADIAN PRESS/Michael Tu
EconomyElectricityNewsPoliticsUtilities

Ottawa negotiates $500 million bailout to prevent electricity rate hike in Nova Scotia

Ottawa is negotiating a $500M bailout for Nova Scotia Power to prevent a 19 per cent electricity rate hike due to cost overruns.

FILE PHOTO: Bank of Italy Governor Fabio Panetta attends the G7 Finance Ministers and Central Bank Governors' Meeting in Stresa, Italy May 24, 2024. REUTERS/Massimo Pinca/File Photo
BusinessEconomyFinanceInfrastructureNewsPolitics

Italy’s central bank backs helping poorer countries fund energy transition

Climate finance for less wealthy countries gains support of Italy's Fabio Panetta, who calls for those with higher per capita emissions to step...

Ovo Energy is the latest energy supplier to launch a winter support scheme (Jacob King/PA)
BusinessEconomyElectricityFuelNewsPolitics

Ovo launches £50m of fresh energy bills support after winter fuel payment cut

Temporary payment cuts, subsidised home upgrades and more planned as British energy firm shores up older customers after government aid cut.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
BusinessEconomyIndustryInfrastructureNewsPolitics

Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline

The Committee on Foreign Investment has until that day to complete its second review of the company's proposed takeover of U.S. Steel.

Login into your Account

Please login to like, dislike or bookmark this article.