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Oil and gas companies should invest profits in climate action, Steven Guilbeault says
Minister of Environment and Climate Change Steven Guilbeault rises during Question Period, in Ottawa, Friday, Sept. 23, 2022. THE CANADIAN PRESS/Adrian Wyld
canada
Evening Update: Atlantic Canada braces for Hurricane Fiona
Restaurant tables are turned upside down as a pedestrian walks past the patio in downtown Halifax ahead of Hurricane Fiona making landfall on Sept. 23, 2022.
investment ideas
Hedge funds dashed to exit energy positions last week
Pump jacks operate at sunset in an oil field in Midland, Texas on Aug. 22, 2018.
energy and resources
Oil plunges to eight-month low on strong U.S. dollar, recession fears
LOS ANGELES, CALIFORNIA - NOVEMBER 23: Oil pumpjacks stand in the Inglewood Oil Field on November 23, 2021 in Los Angeles, California. President Biden announced a plan to release oil from the Strategic Petroleum Reserve in an effort to curb high gas prices. (Photo by Mario Tama/Getty Images)
report on business
Canada’s oil sands are making billions – and very little of it is going to net-zero commitments
FILE PHOTO: Giant dump trucks haul raw tar sands at the Suncor tar sands mining operations near Fort McMurray, Alberta, September 17, 2014. In 1967 Suncor helped pioneer the commercial development of Canada's oil sands, one of the largest petroleum resource basins in the world. Picture taken September 17, 2014. REUTERS/Todd Korol/File Photo
investment ideas
Recession will be necessary to rebalance the oil market
Industrial facilities of the PCK oil refinery are pictured in Schwedt/Oder, Germany, May 9.
international business
Volkswagen has gas supplies for winter but could see shortages next year, executive says
FILE PHOTO: The logo of Volkswagen is displayed at the carmaker's factory in Puebla, Mexico August 31, 2022. REUTERS/Imelda Medina/File Photo
energy and resources
Incoming Shell CEO Wael Sawan set to fire up renewables drive
Wael Sawan, Executive Vice President for Shell's deepwater division, poses for a picture during an oil conference in Rio de Janeiro, Brazil October 24, 2017. Picture taken October 24, 2017. REUTERS/Bruno Kelly
energy and resources
Shale gas is safe and seismic limits must be revisited, British business minister says
Newly installed Business Secretary Jacob Rees-Mogg leaves Downing Street, London, after meeting new Prime Minister Liz Truss, Tuesday, Sept. 6, 2022. (Kirsty O'Connor/PA via AP)
rob magazine
Moving mountains: Is the Coastal GasLink pipeline a saviour or scourge?
Section 8 of the pipeline route includes 22 mountain slopes that warrant alpine classifications. Kristopher Grunert/The Globe and Mail
energy and resources
Pieridae in talks with Ottawa, TC Energy about east coast LNG project
Alfred Sorensen, president of Pieridae Energy Canada, fields questions about his proposal to liquefy natural gas on Nova Scotia's east coast in Halifax on October 24, 2012. THE CANADIAN PRESS/Andrew Vaughan
energy and resources
Oil edges higher on Russian supply concerns in volatile trade
A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Tuesday, Oct. 12, 2021. Massive amounts of methane are venting into the atmosphere from oil and gas operations across the Permian Basin, new aerial surveys show. The emission endanger U.S. targets for curbing climate change. (AP Photo/David Goldman)
politics
South Korean leader pushing for access to Canadian critical minerals, natural gas
South Korean President Yoon Suk Yeol speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. (AP Photo/Evan Vucci)
report on business
Fossil fuel divestment not on the agenda for AIMCo, CEO Evan Siddall says
AIMCo CEO Evan Siddall in Edmonton, Alberta on Wednesday, October 13, 2021. Amber Bracken for The Globe and Mail
european business
Germany nationalizes country’s biggest gas importer Uniper
Logo of Uniper is pictured at the company's headquarters, as Germany agreed to nationalize Uniper by buying Fortum's stake in the gas importer to secure operations and keep its business going, in Duesseldorf, Germany, September 21, 2022. REUTERS/Wolfgang Rattay
energy and resources
Oil prices slide 1% after U.S. Fed raises interest rates
The Reid family work around an oil pumpjack as they bale their hay crop, which will be compressed and exported to Japan, near Cremona, Alta., Friday, July 29, 2022. Canada produces ‘compressed hay’ primarily from timothy and is in high demand as roughage in Japan. THE CANADIAN PRESS/Jeff McIntosh
market news
Stocks gyrate and close lower as Fed keeps hawkish stance
(FILES) In this file photo taken on July 27, 2022 US Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022. - US central bankers opened their two-day policy meeting on September 20, 2022 with another steep interest rate hike seen as a near certainty amid stubbornly high inflation. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
opinion
For energy investors, this time really is different - and these three stocks should do particularly well
Chris Horwood
report on business
Alberta’s carbon-capture entrepreneurs want more certainty amid efforts to ease global energy crisis
Craig Golinowski president & managing partner of Carbon Infrastructure Partners runs a carbon capture and storage strategy that seeks to rapidly reduce global emissions, by targeting investment opportunities in companies in the United States and Canada that capture, utilize, and store CO2, in Calgary, Alberta September 19, 2022. Todd Korol/The Globe and Mail
opinion
The European energy crisis may not be as severe as advertised
Eric Reguly