“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
Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. The Austin-based company said it made $1.13 billion US from January through March compared with $2.51 billion US in the same period a year ago. … Read more
With the discovery of more than 5,600 planets orbiting other stars and images from robots we have sent to all the planets in our solar system, it is becoming abundantly clear that Earth is unique among worlds. Almost all of the exoplanets scientists have discovered since the 1990s fall into four main types: gas giants like Jupiter … Read more
The Environmental Protection Agency cleared the way for a higher blend of ethanol to be sold nationwide for the third summer in a row, citing global conflicts that it says are putting pressure on the world’s fuel supply. The agency announced Friday an emergency waiver that will exempt gasoline blended with 15% ethanol from an … Read more
Despite growing frustrations and prolonged negotiations with the federal government, a consortium of Canada’s largest oilsands companies is optimistic about having a “line of sight” in securing the certainty it needs from Ottawa to advance its proposed $16.5-billion carbon capture pipeline project. The Pathways Alliance is not expecting any new commitments in the upcoming federal … Read more
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
Fire is sucking the life out of parts of the Amazon rainforest. In Roraima State, in northern Brazil, the number of fires in February were more than five times the average, according to data from Brazil’s National Institute for Space Research, and blazes continued to burn through March. “We are losing the Amazon rainforest. These … Read more
Prime Minister Justin Trudeau should convene an emergency meeting with the country’s premiers to discuss the federal carbon price, Conservative Pierre Poilievre wrote in a letter Tuesday. Poilievre circulated the letter following the $15-per-tonne increase to the consumer carbon price that kicked in on Monday. The scheduled increase added about 3.3 cents to the carbon … Read more
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central bank on Monday released its business outlook and consumer expectations surveys, which showed increased optimism as people expect interest rate cuts are nearing. Although firms … Read more
