Politics
US FTC finalizes consent order for $53 billion Chevron-Hess merger
The U.S. Federal Trade Commission approves a consent order to resolve antitrust issues in Chevron's $53B Hess takeover.
US FTC finalizes consent order for $53 billion Chevron-Hess merger
The U.S. Federal Trade Commission approves a consent order to resolve antitrust issues in Chevron's $53B Hess takeover.
US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
U.S. clean energy subsidies under Biden's Inflation Reduction Act to raise deficits by $825B over the next decade, CBO says.
Tennessee Attorney General settles ESG dispute with BlackRock
Tennessee and BlackRock settle ESG dispute; BlackRock agrees to increased proxy voting disclosures and third-party audits.
Biden protects 84% of IRA clean energy grants from being clawed back
Biden secures 84 per cent of $96.7B in clean energy grants under the IRA, shielding funds from Trump's planned clawbacks.
Procter & Gamble accused of ‘greenwashing’ in Charmin toilet paper, lawsuit says
Procter & Gamble faces lawsuit over alleged greenwashing in Charmin toilet paper sourcing from Canada's boreal forest.
US auto safety regulator closes probe into nearly 7,000 Fisker electric SUVs
NHTSA ends probe into 6,971 Fisker Ocean SUVs’ braking issue, citing lack of info as Fisker struggles post-bankruptcy.
Canada minister says retaliatory tariffs could include critical minerals
Canada could impose countermeasures on up to C$150 billion ($105 billion), one source said.
Trumps tasks congressman with writing executive order he could issue to halt offshore wind
The Trump ally believes offshore approvals did not fully account for the fishing industry, tourism, whales or Americans’ utility bills.
Austrian far right, conservatives plan cuts to climate measures
The eurosceptic, Russia-friendly FPO came first in September's parliamentary election with around 29% of the vote.
Doug Burgum, Trump’s pick for public lands boss, questions reliability of renewable power
Trump’s Interior pick Burgum backs fossil fuel development, baseload power to boost U.S. energy dominance.
EU not ready to enforce pollution rules, airlines say
Airlines urge EU to delay pollution rules, citing lack of NEATS system for emissions tracking, risking compliance issues.
BMO becomes first Canadian bank to withdraw from Net-Zero Banking Alliance
BMO becomes the first Canadian bank to exit the NZBA, following similar moves by major U.S. lenders under political pressure.
UK govt rejects ‘Sunshine Bill’ plan for solar panels on new homes
The UK government declined backing for the "Sunshine Bill," aiming to mandate solar panels on new homes, citing housing supply concerns.
US announces nearly $23 billion in loans to energy utilities across 12 states
The financing will come through the energy infrastructure reinvestment program at the department's Loan Programs Office.
US issues fresh round of sanctions against Russia ahead of Trump return to White House
The U.S. imposed new sanctions on nearly 100 Russian entities amid ongoing efforts to tighten pressure on Moscow over Ukraine.
BP nears deals for oil fields, curbs on gas flaring in Iraq
The mega-project in northern Iraq will include plans to recover flared gas to boost the country's electricity production.
Climate Investment Funds secures $500 million debut bond for clean energy transition
CIF's $500M debut bond, aimed at funding low-carbon tech in emerging markets, is six times oversubscribed, signifying strong investor interest.
Republican-led states sue Biden administration over offshore drilling ban
Republican-led states sue over Biden's ban on new offshore oil and gas projects along most U.S. coastlines.
US FTC finalizes consent order for $53 billion Chevron-Hess merger
The U.S. Federal Trade Commission approves a consent order to resolve antitrust issues in Chevron's $53B Hess takeover.
LA public utility’s wildfire liability hinges on equipment’s role, Moody’s says
Moody's says LADWP's liability for the Palisades Fire hinges on equipment involvement; damage to assets deemed manageable.
US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
U.S. clean energy subsidies under Biden's Inflation Reduction Act to raise deficits by $825B over the next decade, CBO says.
Federal Reserve withdraws from global regulatory climate change group
The Federal Reserve exits global climate risk group NGFS, citing its scope as beyond the Fed's statutory mandate.
Four of Canada’s biggest banks leave climate alliance
The Net-Zero Banking Alliance aims to accelerate climate action among financial institutions.
Alberta Energy Regulator lays nine charges against Imperial Oil for 2023 spill
Alberta charges Imperial Oil over 5.3M-litre toxic wastewater spill at Kearl site, citing environmental and reporting failures.
Canada minister says retaliatory tariffs could include critical minerals
Canada could impose countermeasures on up to C$150 billion ($105 billion), one source said.
Canada’s public pension holdings in natural gas companies a risk: report
Report raises alarms over public pension investments in natural gas, warning they risk becoming stranded assets amid the energy transition.
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.
Austrian far right, conservatives plan cuts to climate measures
The eurosceptic, Russia-friendly FPO came first in September's parliamentary election with around 29% of the vote.
EU not ready to enforce pollution rules, airlines say
Airlines urge EU to delay pollution rules, citing lack of NEATS system for emissions tracking, risking compliance issues.
Oil tycoon Shvidler says UK sanctions are arbitrary in landmark appeal
In the first case of its kind to reach the UK's Supreme Court, a billionaire oil tycoon challenges UK sanctions.
Amazon orders 200 Mercedes-Benz electric trucks
Amazon buys 202 electric Mercedes eActros trucks, marking a significant push towards reducing EU road transport emissions.
Volkswagen deliveries fall in 2024 as electric push slows
The 10-brand group, which includes Audi, Porsche and Lamborghini, sold 9.03 million vehicles last year, down 2.3 per cent from 2023.
Tanker under US sanctions discharges oil at Chinese port, LSEG data shows
The tanker is the first since last week's sanctions announcement to discharge in Shandong province.
Nepal’s top court bars infrastructure in protected areas
After decades of rampant logging, Nepal also nearly doubled its forest cover between 1992 and 2016.
China’s growth seen slowing to 4.5% in 2025 as US tariffs bite: Reuters poll
China faces trade tensions with the U.S. as Trump, proposing tariffs on Chinese goods, returns to the White House.
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.
Copper giant Peru sees economy expand for eighth straight month
Peru's GDP grew 3.93% in November 2023, marking eight months of expansion, driven by strong agriculture and fishing sectors.
Chile rejects environmental permit for Dominga copper and iron mine
Chile rejected an environmental permit for Andes Iron's controversial $2.5 billion Dominga iron and copper mining project on Wednesday.
Copper output at Chile’s Codelco rose to 1.328 million tons in 2024, document shows
Codelco's 2024 copper output hit 1.328M tons, slightly above 2023, despite challenges like declining ore grades and project issues.
Argentina privatizes state metal firm in Milei era first
The company's shares will be transferred to the U.S.-based consortium Industrial Acquisition Fund, whose top partner is Arc Energy.
Brazil’s Amazon saw highest number of fires in 17 years: agency
In 2024, Brazil's Amazon saw 140,328 fires, the highest in 17 years, amid a lengthy drought and ongoing deforestation efforts.
Tanker hit by Yemen rebels that threatened Red Sea spill has been salvaged
The Sounion had been a disaster in waiting in the waterway, with 1 million barrels of crude oil aboard.
Iran’s Revolutionary Guards extend control over Tehran’s oil exports, sources say
Iran's Revolutionary Guards have tightened their grip on the country's oil industry and control up to half the exports of Iranian oil.
Apple says it has told suppliers to stop buying minerals from Congo
Apple told suppliers their smelters and refiners must stop buying tin, tantalum, tungsten and gold from the DRC and Rwanda as conflict has...
Crunch time for Saudi-hosted drought, desertification talks
Global land restoration talks in Saudi Arabia highlight funding challenges in combating worldwide desertification crisis.
No concerns over Trump vow to lift LNG exports cap, Qatar energy minister says
Trump has said he will ease restrictions on the U.S. energy industry when he comes into power.
Global road transport emissions to peak in 2025: study
CO2 emissions from road transport could peak worldwide this year thanks to rapid growth in EVs and stricter regulations.
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.
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.
Biden administration finalizes US crackdown on Chinese vehicles
Biden's administration is finalizing rules that will effectively bar nearly all Chinese cars and trucks from the U.S. market.
One in 10 Canadians live in places susceptible to green transition disruption: report
One in 10 Canadians live in communities susceptible to workforce disruption from the transition to a greener economy.
Central Europe’s banks can withstand car sector turmoil, S&P says
European automakers have announced plant closures and layoffs amid weak demand, high costs, and a slow EV transition.
S&P lowers Nissan’s outlook to negative, affirms BB+ ratings
This follows Nissan's boost of incentives to cut high inventories amid slowing North American car sales.
China’s growth seen slowing to 4.5% in 2025 as US tariffs bite: Reuters poll
China faces trade tensions with the U.S. as Trump, proposing tariffs on Chinese goods, returns to the White House.
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.
China torments and titillates seaborne coal market
For coal exporters, China is both saviour and tormentor, as record imports come with plummeting seaborne prices.