Focus on Politics
Ottawa pauses EV rebates as federal program runs out of money
Ottawa has paused an incentive program that offered Canadians rebates of up to $5,000 when buying or leasing electric vehicles.
Edison utility sued over role of equipment in LA wildfires, Bloomberg News reports
Edison International faces a lawsuit over California wildfires, alleged to be sparked by its equipment, shares drop 13 per cent.
Investor climate group Net-Zero Asset Managers suspends activities after BlackRock exit
BlackRock exits Net-Zero Asset Managers initiative amid U.S. political backlash, prompting coalition to suspend activities.
Canadian insured losses from 2024 weather events reach record C$8.5 billion
Canada's insured losses hit a record C$8.5B in 2024, driven by wildfires, hailstorms, and flooding, per IBC data.
Column: LME puts 2022 nickel crisis behind it as trading booms
The LME has rebounded from its 2022 nickel crisis, with record trading volumes in 2024 driven by renewed investor interest.
Dozens of oil tankers drop anchor after latest US sanctions bite
US sanctions on Russian oil spark a halt in tanker trade, with 65 vessels anchored near China, Russia, and Singapore.
US Supreme Court rejects bid by oil companies to toss Honolulu’s climate suit
US Supreme Court rejects oil firms' appeal to dismiss Honolulu's climate lawsuit accusing them of decades-long deception.
Russia faces higher costs on sea-borne oil exports due to new US sanctions
US sanctions targeting Russia's shadow fleet and oil trade complicate Moscow's exports, raising global oil prices by six per cent.
