Energy Crisis

• ‘Unprecedented’: Hydro-Québec posts record-setting financial results in 2022

  Hydro-Québec presented its financial results for 2022 on Wednesday, boasting a net income of $4.557 billion, compared with $3.564 billion for the previous year.

  Economy

  Feb 22, 2023
  
• ‘Significant appeal’ for nuclear power in Canada amid global energy crisis: poll

  A majority of Canadians say they would like to see further development of nuclear power in the country amid a global energy crisis sparked by Russia’s war on Ukraine.

  Environment

  Jan 13, 2023
  
• Advertisement
• EU strikes deal on social climate fund, emissions trading

  European Union governments and lawmakers reached a deal Sunday on key elements of the 27-nation bloc's green deal, reforming the EU's trading system for greenhouse gas emissions.

  World

  Dec 18, 2022
• Advertisement
• EU could face gas shortage next year as Ukraine war continues, IEA warns

  Despite Russia slashing gas deliveries this year, Europe has averted a severe shortage and started the winter with brimming gas storage tanks.

  World

  Dec 12, 2022
• Seaborne Russian oil will be price capped at US$60 a barrel, EU nations say

  Europe needed to set the discounted price that other nations will pay by Monday, when an EU embargo on Russian oil shipped by sea and a ban on their insurance take effect.

  World

  Dec 2, 2022
• Canada’s energy sector bound for investment boom by 2050, experts say

  In recent months, the Canadian oil and gas sector has rolled out a flurry of announcements of proposed projects - from hydrogen plants to renewable diesel facilities.

  Canada

  Oct 26, 2022
• 2023 will ‘feel like a recession’ for many, IMF warns in revised global outlook

  The International Monetary Fund said its latest World Economic Outlook forecasts show that a third of the world economy will likely contract by next year.

  Economy

  Oct 11, 2022
• Nord Stream gas supply could resume on single line after leaks stop: Gazprom

  In a statement, Gazprom said the pressure in the three Nord Stream lines had stabilized and it was working to reduce environmental risks.

  World

  Oct 3, 2022
• Advertisement
• Ukraine war, energy crisis has Canadians more supportive of oil and gas: poll

  Despite support for the oil and gas sector, Canadians remain steadfast in reducing climate change, the Ipsos poll for Global News found.

  Canada

  Sep 22, 2022
• Advertisement
• Shell CEO to step down as oil giant faces growing energy transition pressures

  Shell is shaking up its CEO chair as the oil and gas sector worldwide faces uncertainty over fossil fuel demand, the war in Ukraine and pressures to transition to clean energy.

  Economy

  Sep 15, 2022