Our planet is changing. So is our journalism. Keep up with the latest news on our Climate and Environment page. Sign up here to get this newsletter in your inbox every Thursday. This week: Climate change is forcing chimps to confront their fears An award-winning photo captures a devastating fire season New Brunswick moves to pay farmers for conservation … Read more
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
Many Americans are in a sour mood about the economy for one main reason: Prices feel too high. Maybe they’re not rising as fast as they had been, but average prices are still painfully above where they were three years ago. And they’re mostly heading higher still. Consider a 2-liter bottle of soda: In February … Read more
Canada’s annual inflation rate cooled to 2.8 per cent in February, helped by slower growth in the cost of cellular services, groceries and internet access services, Statistics Canada said Tuesday. Economists had largely expected the rate to rise to 3.1 per cent and undo some of the year’s early progress. Rent and mortgage interest costs continued to be primary … Read more
U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from the Federal Reserve. The consumer price index (CPI) rose 0.4 per cent last month after climbing 0.3 per cent in January, the Labour Department’s Bureau of Labour Statistics … Read more
Canada’s annual inflation rate slowed to 2.9 per cent in January, mostly due to a deceleration in the price of gas, Statistics Canada said Tuesday. Economists were expecting the rate to come in at 3.3 per cent. Gas prices fell four per cent year over year in January after driving headline inflation up to 3.4 per cent in December, due to … Read more
In a welcome relief for consumers, the energy price cap in Great Britain is set to decrease by a significant 14 per cent starting April 1st, 2023. The reduction is anticipated to bring down annual bills by an average of £268, offering respite to households grappling with the ongoing economic challenges. The lowered cap, a … Read more
By Kevin Crowley and Chunzi Xu | Bloomberg Chevron Corp. is slashing oil-refinery investments in California because of “adversarial” policies toward fossil fuels, a move that may boost what already are the highest pump prices in the nation. The oil giant headquartered in the San Francisco Bay area has cut spending in the Golden State … Read more
Tesla is recalling more than two million vehicles it sold in the U.S. and 193,000 sold in Canada to fix a defective system that is supposed to ensure drivers are paying attention when they use Autopilot. Documents posted Wednesday by U.S. safety regulators say the company will send out a software update to fix the problems, and notification … Read more
