To save the climate, change the game for petrostates – POLITICO

Daniel Litvin is the founder of Critical Resource and a visiting senior fellow at the Grantham Research Institute at LSE. He is the author of “Empires of Profit: Commerce, Conquest and Corporate Responsibility.” He writes here in a personal capacity. The 2023 United Nations Climate Change Conference, COP28, has ended with what its host, the … Read more

Tesla recalling over 2 million cars in the U.S. and Canada over system that checks if drivers are alert

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

COP28 reaches groundbreaking climate deal in Dubai calling for ‘transitioning away from fossil fuels’

After negotiators worked through the night, a new deal has been reached at COP28 which could signal the world’s desire to move away from fossil fuels over the next few decades in an effort to address climate change. Representatives from nearly 200 countries gathered in a public meeting in Dubai to support the new deal, one day … Read more

Helium startups on the Prairies hope to keep domestic supplies afloat

To the untrained eye, the collection of pipes and structures rising out of the prairie 200 kilometres east of Calgary looks like any other natural gas processing plant in southern Alberta.  But the Steveville plant isn’t focused on extracting hydrocarbons. Instead, the prize it’s seeking deep underground is helium.  The element is most commonly associated with … Read more

Exclusive | China wielding ‘bargaining power’ with Russia over Power of Siberia 2 natural gas pipeline

To export at least 98 billion cubic metres per year of gas from Russia to China as promised by Russian President Vladimir Putin, figures from Spanish multinational financial services firm BBVA showed that the new pipeline is needed because the Power of Siberia 1 is limited to 67 billion cubic metres per year. It’s a … Read more

We’re drunk on oil and gas, need to ‘phase-out’ fossil fuels, Markey says

Any agreement for fighting the negative impacts of a changing climate to emerge from the international summit currently being held in Dubai must include a plan to “phase out” the use of fossil fuels but nevertheless may not, according to the Bay State’s junior U.S. Senator. U.S. Senator Ed Markey, speaking from the COP28 summit … Read more

Deal to lower Visa, Mastercard processing fees will come up short for many retailers, critics say

The federal government says it has hammered out the final details with Visa and Mastercard to lower credit card transaction fees for merchants, but small business advocates say the deal doesn’t go nearly far enough. The deal concerns what is called an interchange fee, also known as a “swipe fee,” which sets aside a percentage … Read more

N.W.T. premier says he wants complete carbon tax exemption for territory

Canada’s newest premier says that in an ideal world, Ottawa would provide his territory with a blanket exemption from the carbon tax. “I mean, ideally, a complete exemption for the territory is what we would hope for,” said R.J. Simpson, chosen this week as premier of the Northwest Territories, in an interview Sunday on Rosemary Barton … Read more

Alberta premier’s arguments on increasing oil and gas production ‘logically incoherent’: Wilkinson

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