Thursday, 6 February 2025

Focus on Economy

Members of the Unite union march and rally at the Scottish Parliament in protest at Petroineos plans to close Grangemouth oil refinery.
EconomyFuelNewsOilPolitics

Unions demand action to prevent ‘corporate decapitation’ of Scotland’s Grangemouth refinery

The Scottish and UK governments have commissioned a study that will look at options for the long-term future of the site.

The $300 billion a year pledged by wealthy countries for climate finance at COP29 was slammed as too little, too late (AFP)
ClimateClimate FinanceEconomyEmissionsNewsPolitics

Contentious COP29 deal casts doubt over climate plans

Baku's COP29 was crucial to boosting climate action across huge swathes of the world. It failed to deliver.

FILE PHOTO: Canada's Minister of the Environment and Climate Change Steven Guilbeault attends a press conference at the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 8, 2023. REUTERS/Thomas Mukoya/File Photo
ClimateCourtsEconomyEmissionsLegislationNewsPolitics

Canada environment minister warns oil and gas companies against withholding emissions data

Canada wants oil and gas firms to report emissions data — but Alberta's premier has another plan in mind.

FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus Mordant//File Photo
EconomyFuelNatural GasNewsOilPoliticsTrade

Trump’s proposed tariffs on Canada would drive up pump prices, analysts warn

Trump said he would impose a 25% tariff on all imports from Canada and Mexico.

FILE PHOTO: United Steelworkers (USW) union members picket outside Exxon Mobil's oil refinery amid a contract dispute in Beaumont, Texas, U.S., May 1, 2021. REUTERS/Erwin Seba/File Photo
BusinessCourtsEconomyLabourNewsOilPoliticsRegulations

US labor board judge rules Exxon’s Texas refinery union lockout was legal

Exxon Mobil's 10-month lockout of 600 union workers at its Beaumont refinery was ruled legal by an NLRB judge, sparking appeals.

The Finance Bill, if passed, would raise the rate of energy (oil and gas) profits levy (Andrew Milligan/PA)
BusinessEconomyNatural GasNewsOilPoliticsRegulations

Tax rise for North Sea oil and gas could ‘kill goose that lays the golden egg’

Raising tax on North Sea oil and gas profits could “kill the goose that lays the golden egg” and threaten the transition to...

Environment and Climate Change Minister Steven Guilbeault arrives to a caucus meeting on Parliament Hill in Ottawa, Wednesday, Nov. 27, 2024. THE CANADIAN PRESS/Sean Kilpatrick
ClimateEconomyEmissionsEnvironmentLegislationNatural GasNewsOilPoliticsRegulations

Alberta’s pledge to take over ownership of emissions data ‘irresponsible’: Guilbeault

Alberta's emissions data plan risks federal law breaches, says Minister Guilbeault, calling Premier Smith's approach "irresponsible."

FILE PHOTO: Workers install a flag with the logo of Stellantis at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. REUTERS/Massimo Pinca/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNews

Stellantis to halt production in Turin in December due to weak demand for Fiat 500 EV

Stellantis to halt Mirafiori plant in Turin from Dec. 2-Jan. 5 due to weak sales of EVs, including Fiat 500e.

FILE PHOTO: The logo for Vanguard is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022.  REUTERS/Brendan McDermid/File Photo
BusinessCoalEconomyEmissionsEmissions MarketsEnvironmentLegislationNewsPoliticsRegulationsVoluntary Carbon Markets (VCMs)

BlackRock, Vanguard, State Street sued by Republican states over climate push

Wednesday's complaint filed in the federal court in Tyler, Texas, is among the highest profile lawsuits targeting efforts to promote ESG.

Business Secretary Jonathan Reynolds said car companies face challenges (Maja Smiejkowska/PA)
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNewsPolitics

UK minister warns of ‘challenges’ for car makers on top of Luton plant closure

The minister said carmakers face global challenges transitioning to EVs, as UK's ZEV mandates and plant closures intensify.

Login into your Account

Please login to like, dislike or bookmark this article.