Trans Mountain pipeline ushers in new economic era for Fort McMurray

As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the northern Alberta community was this country’s most famous boom town. High oil prices helped to drive unprecedented demand for the thick, viscous bitumen that lies … Read more

Italy can do without Russian gas, says energy minister – POLITICO

This G7 will need to look for innovative models to accelerate investments, including private-public partnerships, Pichetto Fratin said. “We certainly need to revise the financial system, to find mechanisms that overcome the current voluntary system,” he said.   While Italy, which currently holds the rotating G7 presidency, is in a leadership position at this weekend’s … Read more

COP29 won’t stop us investing in ‘god-given’ gas – POLITICO

“As a head of the country, which is rich with fossil fuels, of course, we will defend the right of these countries to continue investments and to continue production,” he said. “Petrostates are perfecting a sinister COP playbook,” said Patrick Galey, a fossil fuel investigator with Global Witness. “Just like the UAE, Azerbaijan is planning … Read more

Dubai deluge likely made worse by warming world, scientists find

A powerful rainstorm that wreaked havoc on the desert nation of the United Arab Emirates last week was likely made more intense because of climate change, a team of international scientists has found. The World Weather Attribution (WWA) group, composed of researchers from around the globe, said rain storms like the one that struck last … Read more

Ukraine attacks Russia’s energy infrastructure with drones – POLITICO

Ukraine launched a series of drone attacks against eight Russian regions overnight, the Defense Ministry in Moscow said on Saturday. The attacks appeared to target Russia’s energy infrastructure, according to an Associated Press report. An intelligence source told Reuters that long-range strike drones hit three power stations and set a fuel depot on fire. Reuters … Read more

No water, no oil: How the parched western provinces could hamper the oilpatch

Persistent and severe drought conditions across Western Canada could have a devastating effect on the oil and natural gas sector, which has drilling operations in some of the driest areas, according to a new report by Deloitte. Limited water supply could have significant effects on the production of oil and gas, the report warns, and … Read more

Half of Canadians support TikTok ban, with U.S. concerns ‘trickling’ north, poll suggests

A new poll suggests 51 per cent of Canadians support banning the social media app TikTok, after a U.S. bill aiming to do just that passed in the House of Representatives. Canada has ordered its own national security review of TikTok, something the Liberal government revealed following passage of the U.S. bill earlier this month. … Read more

Furey asks Trudeau to halt carbon tax increase, citing few options for consumers in N.L.

Premier Andrew Furey said the carbon tax doesn’t incentivize people to switch to renewable energy because the infrastructure to make that shift possible isn’t yet established in Newfoundland and Labrador. (Ted Dillon/CBC) Premier Andrew Furey shared an open letter Tuesday addressed to the prime minister, asking him to pause an upcoming increase to the carbon tax … Read more

Human-caused climate change fuels hottest February on record, all-time high ocean warming

For the ninth straight month, Earth has obliterated global heat records — with February, the winter as a whole and the world’s oceans setting new high-temperature marks, according to the European Union climate agency Copernicus. The latest record-breaking in this climate change-fuelled global hot streak includes sea surface temperatures that weren’t just the hottest for … Read more