The U.S. economy grew at an unexpectedly brisk 3.3 per cent annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households. Thursday’s report from the U.S. Commerce Department said the gross domestic product — the economy’s total output of goods … Read more
A cache of scientific equipment that could fit in the back of an SUV has been lowered into the sea north of the Antarctic Peninsula, and is already streaming open-source data for anyone wanting to monitor the Southern Ocean’s health. Scientists say the underwater observatory collects measurements, including temperature, oxygen concentration and chlorophyll levels, and … Read more
Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Shares of the rental company, which also operates vehicles from Swedish EV maker Polestar among others, fell about four per cent. Tesla’s stock was down about … Read more
Suncor Energy Inc.’s share price jumped Wednesday as the company reported its fourth quarter oil output was its second-highest quarter ever. The Calgary-based company announced upstream production in the fourth quarter of 2023 of 808,000 barrels per day. With the strong fourth-quarter output, Suncor said it has met its corporate forecast provided in November 2022 … Read more
Is there about to be a run on bread and milk at the grocery store? Forecasters are keeping a close eye on a possible major winter storm that may pound the region with “significant plowable snow” over the weekend. The nor’easter could dump more than 6 inches of snow on parts of Massachusetts, according to … Read more
Chennai, Amid the criticism that there was a delay in the forecast on the amount of heavy rainfall that occurred last week, the Regional Meteorological Centre here said it has world-class equipment and because of warning issued huge loss of lives was prevented when cyclones like Vardah, Michaung crossed the Eastern coast. Tamil Nadu Chief … Read more
At a $3-billion toy company in downtown Toronto, kindergarteners file in with parents and siblings, clad in snowsuits and ready to offer their expertise. They pass a toy museum decked out with Paw Patrol toys, Tech Decks, Bakugan and more, and eventually arrive at a small room with a large two-way mirror. Soon, they’ll be … Read more
Canada’s upstream oil and gas industry and drilling services sector has a “very favourable” outlook for 2024, according to Enserva’s State of the Industry report released on Thursday. Key highlights of the report show that oil prices are expected to remain strong, demand will be robust, export capacity will increase, and investment and drilling activity are set … Read more
Federal Energy Minister Jonathan Wilkinson says Alberta Premier Danielle Smith’s claim that Canada can achieve carbon neutrality in 2050 while simultaneously increasing oil and gas production is “incoherent.” Smith has long argued that carbon neutrality is about a transition away from emissions and not a transition away from oil and gas production, a source of … Read more
