Wednesday, 5 February 2025

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Eighty percent of the fall in Germany's emissions for 2024 is thanks to record high production of renewable energy and the continued closure of coal-fired power stations (AFP)
BiofuelsClimateCoalEconomyElectric Vehicles (EVs)ElectricityEmissionsIndustryNewsOffshore WindPoliticsStorageUtilitiesWind

Pace of German emissions cuts slows in 2024: study

Germany’s 2024 emissions fell three per cent, a slower drop than 2023, hindered by stalled green investments in industry and households.

Alberta Premier Danielle Smith speaks at a news conference in Calgary on Tuesday, July 30, 2024. THE CANADIAN PRESS/Todd Korol
BusinessEconomyInfrastructureNatural GasNewsOilPoliticsRegulationsTransmission

Alberta announces new effort to expand oil and gas pipeline capacity with Enbridge

Alberta partners with Enbridge to boost oil exports, streamline regulations, and expand pipeline capacity to the U.S.

dian oil and gas stocks climbed Monday as the country's energy sector absorbed the news of Prime Minister Justin Trudeau's resignation. Pumpjacks draw out oil and gas from wells near Calgary on Monday, Sept. 18, 2023. THE CANADIAN PRESS/Jeff McIntosh
BusinessClimateEconomyEmissionsEnvironmentNatural GasNewsOilPoliticsRegulations

Canadian oil stocks climb as industry absorbs news of Trudeau resignation

Canadian energy stocks surged Monday as PM Trudeau's resignation spurred optimism in the oil and gas sector.

The West Pubnico Point wind farm is seen in Lower West Pubnico, N.S., on Monday, Aug. 9, 2021.  THE CANADIAN PRESS/Andrew Vaugh
BusinessEconomyElectricityFinanceIndustryNewsWind

Nova Scotia paper mill to be powered by wind farm with financing from federal agency

Cape Breton paper mill secures $224M federal loan for Goose Harbour wind farm, meeting 60 per cent of its power needs by 2026.

Quebec Premier Francois Legault and Andrew Furey, Premier of Newfoundland and Labrador sign a memorandum of understanding on Churchill Falls during an announcement in St.John's, Thursday, Dec. 12, 2024. Politicians are digging into the details of a draft energy deal between Hydro-Québec and Newfoundland and Labrador Hydro as four days of debate begins in St. John's, N.L.THE CANADIAN PRESS/Paul Daly
EconomyElectricityHydropowerNewsPoliticsUtilities

Bruising history with hydro projects hangs over Quebec energy debate in Newfoundland

Newfoundland debates draft energy deal with Quebec, potentially adding $17B to its treasury by 2041, ending 1969 contract.

A BYD SEAL car by Chinese car manufacturer BYD is on display at Germany's Essen Motor Show on December 4, 2024 (AFP)
AnalysisBusinessEconomyElectric Vehicles (EVs)

‘Lost year’: Germany electric car sales go into reverse

Germany's EV sales plummeted 27.4 per cent in 2024, with 380,609 registrations, amid subsidy cuts and high prices, marking a lost year.

US President Joe Biden, seen here at the White House on January 5, 2025, said he was putting the protections in place for the sake of future generations (AFP)
BusinessEconomyInfrastructureNatural GasNewsOilPoliticsRegulations

Biden issues major coastal protection before Trump handover

Biden bans new offshore drilling in most U.S. coastal waters, aiming to safeguard coasts before Trump's presidency.

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

U.S. Steel, Nippon sue Biden administration over decision to block merger

Nippon Steel sues Biden, alleging constitutional violations in $14.9B U.S. Steel deal block over national security claims.

FILE PHOTO: Activists protest against fossil investments before the annual general meeting of the Swiss National Bank (SNB) in Bern, Switzerland, April 26, 2024. REUTERS/Denis Balibouse/File Photo
AnalysisBusinessClimateEconomyEmissionsEnvironmentPoliticsRegulations

Analysis: Exodus by Wall Street banks from climate group worries advocates

U.S. banks exit climate coalition NZBA amid political pressure, raising concerns over their commitment to reducing fossil fuel financing.

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