US wants to work with India to address key global problems: Top Biden admin official

US wants to work with India to address key global problems: Top Biden admin official

The US is keen on working with India to address some of the key global problems, including in areas like healthcare, clean energy and climate change, a top Biden administration official has said. The remarks by Nisha Desai Biswal, Deputy CEO of the US International Development Finance Corporation (DFC), came ahead of her visit to … Read more

Miner tied to Chinese state-owned enterprise says Ottawa shouldn’t challenge Peru deal

Miner tied to Chinese state-owned enterprise says Ottawa shouldn’t challenge Peru deal

A subsidiary of a Chinese state-owned mining firm says Canada is wrongly considering a national security review in its agreement to purchase a gold and copper mine in Peru. In May, Vancouver-based Pan American Silver Corp. announced an agreement worth almost $300 million US to sell its stake in Peru’s La Arena gold mine to … Read more

GM Canada supports potential tariffs on Chinese EV imports amid market concerns

GM Canada supports potential tariffs on Chinese EV imports amid market concerns

The potential of tariffs on Chinese electric vehicle imports is being welcomed by the Canadian head of General Motors as major producer BYD looks to enter the market. “We’re encouraged by the government’s examination of these issues,” said Kristian Aquilina, president of GM Canada. “Because on the basis of strong competition, a fair playing field, … Read more

Net-zero by 2050 commitment not currently possible because of Bill C-59, says Pathways Alliance

Net-zero by 2050 commitment not currently possible because of Bill C-59, says Pathways Alliance

A scaled-back version of the website for the Pathways Alliance, a consortium of Canada’s largest oilsands companies, is back online, weeks after content was pulled down in response to Bill C-59. Bill C-59, which includes amendments to the Competition Act, became law in June. The new rules require companies be able to prove their environmental claims. … Read more

Alberta oil and gas sector exceeded flaring limit in 2023, data shows

Alberta oil and gas sector exceeded flaring limit in 2023, data shows

For the first time, Alberta’s oil and gas industry has exceeded the province’s own regulatory limit for natural gas flaring. A tally by The Canadian Press of Alberta Energy Regulator data shows oil and gas companies in the province flared approximately 754 million cubic metres of natural gas last year, exceeding the annual provincial limit … Read more

A 1st in Canada, $1.6B EV battery separator plant to open in Port Colborne, Ont., in 2027

A 1st in Canada, .6B EV battery separator plant to open in Port Colborne, Ont., in 2027

A small city nestled in southern Ontario’s Niagara Region will be home to a new $1.6-billion electric vehicle (EV) battery plant that was officially announced Tuesday. Prime Minister Justin Trudeau and Ontario Premier Doug Ford were among politicians in Port Colborne to speak about the investment by Japanese company Asahi Kasei Corp. Mayor Bill Steele said Asahi … Read more

U.S. raises tariffs significantly on EVs, other goods from China

U.S. raises tariffs significantly on EVs, other goods from China

The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that’s likely to increase friction between the world’s two largest economies. The tariffs are unlikely to have much of an inflationary impact because of how they’re structured. Administration officials said they … Read more

Feds give financial boost to biofuel sector amid growing U.S. competition

Feds give financial boost to biofuel sector amid growing U.S. competition

Canada’s biofuel industry is welcoming a proposed multi-billion dollar package of financial support from the federal government, although concerns remain about whether it will be enough to compete with lucrative subsidies south of the border and reverse the growing dependence on U.S. imports to meet clean fuel regulations. The federal government is committing $1.27 billion toward … Read more

2023 a record year for wind installations

2023 a record year for wind installations

The world installed 117 gigawatts of new wind power capacity in 2023, a 50% increase from the year before, making it the best year for new wind projects on record, according to a new report by the industry’s trade association. The latest Global Wind Report, published Tuesday by the Global Wind Energy Council, explores the … Read more