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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.

FILE PHOTO: Oil pumpjacks and tanks are pictured in a farmer's field near Kindersley, Saskatchewan, Canada September 5, 2024.  REUTERS/Todd Korol/File Photo
BusinessEconomyNewsOilPoliticsRegulationsTrade

US oil imports from Canada hit record ahead of tariff threat, EIA data shows

U.S. crude oil imports from Canada rose last week to the highest on record, data from the EIA showed on Wednesday.

FILE PHOTO: The LyondellBasell refinery, located near the Houston Ship Channel, is seen in Houston, Texas, U.S., May 5, 2019.  REUTERS/Loren Elliott/File Photo
AutomotiveBusinessEconomyFinanceNewsOilPolitics

US oil refiners brace for a tough year as investor sentiment turns negative

Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that Trump may slap tariffs on...

The Lilium Jet may make its first manned flight later this year (AFP)
News

Slovak entrepreneur funding rescue of German flying taxi startup Lilium

A Slovak entrepreneur is providing most of the funds to rescue flying taxi startup Lilium that came close to collapse last month.

AnalysisAviationBusinessEmissionsEnvironmentRegulationsSustainable Aviation Fuel

Five ways to make aviation more sustainable right now

Aviation, though only 2.5 per cent of emissions, demands urgent sustainable steps to curb growth and meet net-zero goals.

FILE PHOTO: A view shows pipelines at a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Arctic Yamal peninsula, Russia May 21, 2019. Picture taken May 21, 2019. REUTERS/Maxim Shemetov/File Photo
AnalysisOilPoliticsTrade

Analysis: Russia’s Arctic oil feels the chill from US sanctions

US sanctions disrupt Russia's Arctic oil, stranding supplies and impacting global markets.

Minister of Energy and Natural Resources Jonathan Wilkinson  speaks with journalists before a Liberal Party caucus meeting in West Block on Parliament Hill, in Ottawa, Wednesday, Jan. 8, 2025. Wilkinson is the latest Liberal in Washington amid President-elect Donald Trump’s tariff threats and the Canadian energy minister is making the pitch for a Canada-U.S. energy and resource alliance. THE CANADIAN PRESS/Justin Tang
ElectricityFuelNewsPolitics

Energy minister makes the case for U.S.-Canada energy alliance in Washington

Wilkinson told US lawmakers that there is no better way to achieve economic dominance and strength against China than to work with Canada.

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo
BusinessNewsOilPoliticsTrade

Six EU countries call for lowering of G7 price cap on Russian oil

EU nations urge lowering the $60 Russian oil cap to cut war funds, aiming for peace without market shock.

FILE PHOTO: U.S. Transportation secretary nominee Sean Duffy arrives to meet with U.S. Senator Cynthia Lummis (R-WY) on Capitol Hill in Washington, U.S., December 11, 2024. REUTERS/Elizabeth Frantz/File Photo
Electric Vehicles (EVs)NewsPolitics

Trump nominee says Boeing needs ‘tough love,’ EVs should pay for road use

President-elect Donald Trump's nominee to head the U.S. Transportation Department said Wednesday electric vehicles should pay to use roads.

Chris Wright is a founder of Liberty Energy, which serves the energy companies that have massively increased US fossil fuel production in recent years through fracking (AFP)
ElectricityFuelNewsPolitics

Trump’s Energy Dept pick wants to develop renewables… and fossil fuels

Wright advocated for renewable energy and referred to the warming planet as a fact, while still pushing for increased use of fossil fuels.

FILE PHOTO: Former U.S. Rep. Lee Zeldin gestures as he speaks at the Nassau Veterans Memorial Coliseum during a rally held by Republican presidential nominees and former U.S. President Donald Trump, in Uniondale, New York, U.S., September 18, 2024. REUTERS/Brendan McDermid/File Photo
EmissionsNewsRegulations

Trump’s pick to lead EPA says agency authorized, not required to regulate CO2

Zeldin, Trump’s EPA pick, calls climate change real but says agency is authorized, not required, to regulate CO2.

AnalysisBusinessClimateEmissionsEnvironmentPoliticsRegulations

Canadian companies are using social media to boost their ESG credibility, but investors aren’t buying it

Without backing up their claims, companies risk losing credibility in an environment where authenticity and accountability are paramount.

FILE - A live streamer works near the Volvo EX30 fully electric small SUV unveiled during Auto China 2024 in Beijing, Thursday, April 25, 2024. (AP Photo/Ng Han Guan, File)
AutomotiveBusinessEconomyElectric Vehicles (EVs)NewsReports

China’s electric car sales grow in 2024, as sales of gasoline cars plunge

China's EV sales surged 40 per cent in 2024, while gas-powered car sales plunged 17 per cent, reshaping the world's largest auto market.

FILE PHOTO: Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessMaritimeNewsOilPoliticsRegulationsTrade

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.

The federal government has paused an incentive program that offered Canadians rebates of up to $5,000 when buying or leasing electric vehicles. An electric vehicle being charged on a street in Montreal, Tuesday, November 5, 2024. THE CANADIAN PRESS IMAGES/Graham Hughes
EconomyElectric Vehicles (EVs)FinanceNewsPoliticsRegulations

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.

FILE PHOTO: A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022.  REUTERS/Brendan McDermid/File Photo
BusinessClimateEmissionsEnvironmentFinanceNewsPolitics

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.

FILE PHOTO: The Supreme Court is pictured, in Washington, D.C., U.S., October 21, 2024. REUTERS/Kevin Mohatt/File Photo
BusinessClimateEmissionsEnvironmentIndigenousNatural GasNewsOilPoliticsRegulations

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.

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
BusinessEconomyNewsOil

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...

FILE PHOTO: The Houston Ship Channel, part of the Port of Houston, is seen in Pasadena, Texas, U.S., May 5, 2019.  REUTERS/Loren Elliott/File Photo
BusinessNewsOilTrade

Peru’s niche Bretaña crude oil gains popularity in US

The U.S. Gulf Coast receives its first Bretaña oil cargo this month as refiners seek alternatives to declining Mexican heavy crude.

A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. REUTERS/Stringer/File Photo
BusinessFuelNewsOilRegulationsTrade

Oil shipping rates surge after US sanctions hit availability

Supertanker freight rates soared after U.S. sanctions on Russia, prompting traders to rush to book vessels from elsewhere.

FILE PHOTO: An iceberg breaks up after drifting south on the Labrador Sea from Greenland in Saint Lunaire-Griquet, Newfoundland, Canada, May 27, 2024. REUTERS/Greg Locke/File Photo
BusinessClimateClimate FinanceEconomyEmissionsEnvironmentFinanceNewsRegulationsTrade

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.

FILE PHOTO: A view of the exterior of NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. REUTERS/Piroschka van de Wouw/File Photo
Electric Vehicles (EVs)FinanceNewsSemiconductor

Chipmaker NXP gets 1 billion euro loan from EIB for European projects

NXP secures €1B EIB loan for R&D in five EU countries, focusing on semiconductors, energy efficiency, and critical technologies.

A person carries an umbrella for shade as they walk on Parliament Hill in Ottawa on Tuesday, June 18, 2024, as temperatures hit 32C in what meteorologists are calling a heat dome. THE CANADIAN PRESS/Sean Kilpatrick
ClimateNewsWeather

Global temperatures this year to rival 2024’s record-breaking heat: climate officials

Global temperatures in 2025 are forecasted to rival 2024's record-breaking heat, highlighting the urgency of climate action.

Former Newfoundland and Labrador premier Danny Williams talks to media before a memorial service in St. John's, Friday, May 3, 2024. THE CANADIAN PRESS/Paul Daly
ElectricityHydropowerLegislationNews

Did Quebec get a better deal? Hydro-Québec comments spook critics in Newfoundland

Canada's easternmost province may have signed another unfavourable energy deal, warns a former Newfoundland and Labrador premier.

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