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energy and resources
Oil steady; signs of Middle East tensions easing offset higher demand forecasts
FILE - In this Jan. 16, 2015, file photo, pumpjacks operate in Bakersfield, Calif. California regulators are citing climate change for the first time as they deny new permits for hydraulic fracturing, a process used to extract oil and gas from the ground. In denying 50 fracking permits this year, the state's oil and gas supervisor said he was using his discretion to protect public health, safety and environmental quality and to mitigate greenhouse gas emissions. (AP Photo/Jae C. Hong, File)
alberta
Alberta Premier Danielle Smith says renewable-powered grid by 2035 ‘fantasy thinking’
Alberta Premier Danielle Smith gives the state of the province address in Edmonton on Wednesday, Oct. 25, 2023. Smith is calling one of the world's premier energy research institutions "no longer credible" after it released a report saying fossil fuel demand is likely to peak this decade. THE CANADIAN PRESS/Jason Fransson
canada
Canada needs to move faster than the rest of the world on renewable energy, minister says
Energy and Natural Resources Minister Jonathan Wilkinson responds to a question in the House of Commons during question period on Parliament Hill in Ottawa on Wednesday, Sept. 20, 2023.Wilkinson says Canada needs to "get with the program" and move faster to become a renewable energy powerhouse following a new international energy outlook forecasting demand for all fossil fuels will peak in less than seven years. THE CANADIAN PRESS/Sean Kilpatrick
energy and resources
Renewable transition still lagging in fuel and heating sectors, report finds
FILE PHOTO: Power-generating windmill turbines are pictured at sunrise at a wind park in Avesnes-le-Sec, France, April 3, 2023. REUTERS/Pascal Rossignol
energy and resources
China’s oil demand bounce may push producers to reconsider output, IEA chief says
FILE PHOTO: Fatih Birol, Executive Director of the International Energy Agency, attends a news conference in Brussels, Belgium, December 12, 2022. REUTERS/Johanna Geron//File Photo
energy and resources
Physical oil market starts year with a rally on Chinese demand, Russian sanctions
FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22, 2019. REUTERS/Stringer/File Photo
market news
Canadian dollar rises to two-month high on growing signs of easing U.S. inflation
A loonie is pictured in Toronto on Jan. 23, 2015.
opinion
You, too, can be a climate optimist, if you look on the sunny side
Chris Turner
energy and resources
Russian oil supply drop to double in May, IEA says
Gas pipelines are pictured at the Atamanskaya compressor station, facility of Gazprom's Power Of Siberia project outside the far eastern town of Svobodny, in Amur region, Russia November 29, 2019. REUTERS/Maxim Shemetov.
report on business
More nations will join U.S. in releasing emergency oil reserves, IEA says
FILE PHOTO: A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo
report on business
Canada to boost energy exports to U.S. to aid in supply crisis triggered by Russia’s war in Ukraine
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo
energy and resources
OPEC+ supply gap widens further as February compliance jumps
FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured on the wall of the new OPEC headquarters in Vienna March 16, 2010. REUTERS/Heinz-Peter Bader
market news
Canadian dollar climbs to 2-week high as FX volatility falls
A loonie is pictured in Toronto on Jan. 23, 2015.
opinion
Canada is an energy superpower – and that doesn’t just mean oil
The Editorial Board
report on business
Canada’s electric-vehicle charging ambitions not ambitious enough, industry group says
Petro Canada's electric vehicle charging station is shown on display at the Canadian International Auto Show, in Toronto, Thursday, Feb. 14, 2019. There are more than 15,000 publicly available chargers in 6,800 locations across Canada already, and the federal Liberals are promising to spend $700 million to build at least 50,000 more by the end of 2026. THE CANADIAN PRESS/Christopher Katsarov
energy and resources
Oil drops toward $73 a barrel, pressured by Omicron variant concerns
MCKITTRICK, CALIFORNIA - NOVEMBER 03: The sun sets beyond pumpjacks in the Belridge oil field on November 03, 2021 near McKittrick, California. The Biden administration pledged to cut methane emissions from oil and gas production yesterday. In California, 35,000 oil and gas wells sit idle, many of which are unplugged and could leak methane gas. Scientists estimate that one-third of human-induced global warming is caused by methane. (Photo by Mario Tama/Getty Images)
energy and resources
IEA chief says he hopes OPEC+ will address ‘artificial’ supply gap
Executive Director of the International Energy Agency, Fatih Birol addresses a session on day five of the COP26 UN Climate Summit in Glasgow on November 4, 2021. - Global CO2 emissions mainly caused by burning fossil fuels are set to rebound in 2021 to levels seen before the Covid pandemic, according to an assessment that served as a "reality check" to vague decarbonisation pledges at a UN climate summit. (Photo by DANIEL LEAL-OLIVAS / AFP) (Photo by DANIEL LEAL-OLIVAS/AFP via Getty Images)
energy and resources
What is the SPR? A closer look at the emergency oil stash the U.S. is tapping
FILE PHOTO: An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo
energy and resources
Global oil demand expected to peak before 2030, TotalEnergies says
FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at a petrol station in Ressons, France, August 6, 2021. REUTERS/Pascal Rossignol/File Photo
report on business
Liberals say by 2035 all new cars, light-duty trucks sold in Canada will be electric
FILE PHOTO: A 2020 Mini Cooper S electric vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren/File Photo
the great divide
Compelling environmentally focused stock picks for an ESG world
This image shows a Center Pivot Irrigation System in use
energy and resources
Climate ambition, push for electric vehicles driving down need for oil: report
Pumpjacks draw oil out of the ground in a canola field near Olds, Alta., Thursday, July 16, 2020. The expected uptake of electric vehicles and higher goals coming from countries to reduce their greenhouse gas emissions are the top reasons why a climate-focused research group is calling on governments not to spend on Alberta's oil sector. THE CANADIAN PRESS/Jeff McIntosh
energy and resources
Oil demand drag takes toll on tankers, U.S. refiners
An aerial view of a crude oil storage facility is seen on May 4, 2020 in Cushing, Oklahoma. - Using his fleet of drones, Dale Parrish tracks one of the most sensitive data points in the oil world: the amount of crude stored in giant steel tanks in Cushing, Oklahoma. The West Texas Intermediate oil stored in the small town in the midwestern United States is used as a reference price for crude bought and sold by refiners in Asia, hedge funds in London and traders in New York. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)
energy and resources
IEA launches global group to tackle fallout from energy transition
FILE - In this undated file photo the Trans-Alaska pipeline and pump station north of Fairbanks, Alaska is shown. The International Energy Agency says oil and gas companies aren't doing enough to reduce the release of methane, a potent source of planet-heating emissions, that is seeping out of pipelines and production plants. (AP Photo/Al Grillo, file)
energy and resources
Resurgence in COVID-19 cases slows oil demand rebound, IEA says
FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. Oil and gas development infused $2.8 billion into New Mexico coffers during the 2020 fiscal year and marked its second-highest total revenue ever reported despite a global price war and plummeting demand amid the coronavirus pandemic, according to a report released Monday, Dec. 21, 2020. (AP Photo/Charlie Riedel, File)
opinion
The world is betting on clean hydrogen – and Canada needs to get in the game
Merran Smith and Sarah Petrevan
energy and resources
IEA says oil producers may struggle to gauge demand amid second wave of COVID-19
FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. REUTERS/Christian Hartmann/File Photo
energy and resources
Oil rises nearly 2% as robust China trade data offsets returning supply
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo
report on business
IEA calls for ‘profound’ changes as energy growth set to end
FILE PHOTO: Fatih Birol, Executive Director of the International Energy Agency poses for a portrait at its offices in Paris, France, November 7, 2019. Picture taken November 7, 2019. REUTERS/Benoit Tessier/File Photo
international business
IEA nudges up 2020 gas demand forecast, but still sees record fall
The 12-storey LNG storage tank at the Mt. Hayes Natural Gas Storage Facility in Mt.Hayes, B.C. A Chinese transition to more natural gas, much more than the International Energy Agency (IEA) is forecasting, reinforces the importance of Canada’s West Coast liquefied natural gas (LNG) prospects.
energy and resources
International Energy Agency sees higher 2020 oil demand but warns pandemic could torpedo any forecast
FILE PHOTO: A woman refuels a car at PKN Orlen petrol station, Poland's top oil refiner, in Warsaw, Poland April 25, 2019. REUTERS/Kacper Pempel/File Photo
report on business
Carbon capture and storage: The dreams and setbacks in climate action
Carbon capture and storage: The dreams and setbacks in climate action
report on business
Governments should integrate clean energy policies into pandemic recovery plans: report
A wind energy project near Vulcan, Alta., on Oct. 14, 2019.
energy and resources
Oil prices rise 3% on signs of U.S. economic recovery
FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. REUTERS/Christian Hartmann/File Photo
report on business
OECD and IEA call for an end to fossil fuel industry subsidies
A pumpjack works at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. Federal financing relief for large Canadian companies announced Monday was welcomed by the oil and gas sector and the Alberta government despite conditions that linked the aid to climate change goals. THE CANADIAN PRESS/Jeff McIntosh
opinion
Pretending oil is dead makes bad climate policy
Campbell Clark