There are three major troubling factors for new U.S. President Joe Biden. In the recently agreed US$2 billion five–year prepayment oil supply deal between the Federal Government of Iraq (FGI) in Baghdad and China’s Zhenhua […]
Among President Joe Biden’s first acts in office was reassembling a cross-government team to figure out the “social cost of carbon,” a wonky number that has broad impacts on federal agency rules. Biden signed an executive […]
Angela Merkel said she’s willing to discuss energy ties with Moscow with the incoming U.S. administration, but the German chancellor reiterated her support for a controversial gas pipeline to Russia. “We need to also discuss […]
Joe Biden’s move to block the $9 billion Keystone XL project is the clearest sign yet that constructing a major new pipeline in the U.S. has become an impossible task. The incoming president has pledged […]
The leader of Canada’s oil heartland called President Joe Biden’s decision to cancel the Keystone XL pipeline project an “insult” and urged Prime Minister Justin Trudeau to consider retaliation. Last year, Kenney’s government invested $1.1 […]
In his inaugural speech today, President Joe Biden spoke about “ a climate in crisis.” Biden has made it clear that climate policy will be one of his administration’s top priorities. If the new president is […]
TC Energy said it is suspending the project in light of the expected Biden action. Biden will revoke the presidential permit granted to Keystone XL within hours of taking the oath of office later today, […]
Markets price in larger stimulus amid changing administration and bank earnings coming in higher than expected. The Dow Jones Industrial Average rose 150 points, or 0.5%. The S&P 500 gained 0.7%, led by communication services, […]
The Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds. “If the project ends, […]
Mozambican President Filipe Nyusi has put the military in charge of combating a growing Islamic State-linked insurgency in the natural gas-rich Cabo Delgado province after limited success by the police force. Nyusi on Jan. 14 […]
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