Energy Industry News
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Fresh Keystone XL cancellation 'disappointing' for Canadian energy industry as TC Energy shares fall
CALGARY — The Canadian energy industry reacted with disappointment and anger — but not necessarily surprise — Monday following reports that incoming U.S. president Joe Biden would revoke presidential permits for TC Energy's…
International Energy Agency cuts estimate of 2021 oil demand
Global oil demand will be lower in 2021 than previously expected, the International Energy Agency said on Tuesday, as renewed lockdowns to contain the coronavirus pandemic hit consumption. The IEA said oil demand would be 600,000 barrels a day…
Total deepens ties with India's Adani in $2.5bn green energy investment
Total has acquired a 20 per cent stake in Adani Green Energy in a $2.5bn deal that deepens the French energy major's renewables push and its relationship with Indian tycoon Gautam Adani's empire. The investment announced on Monday was at a nearly…
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Power Corp. unit partners with insurers, financial firms to launch green energy fund
Montreal's Desmarais family and a group of financial institutions have launched a $1-billion investment fund to buy into solar and wind energy projects in the latest show of Canadian financial might for the renewable sector. The sustainable energy…
CANADA STOCKS-TSX inches higher as mining gains overcome energy losses
Jan 18 (Reuters) - Canada's main stock index edged higher on Monday as strength in major miners, on the back of robust metal prices, offset losses in the energy sector, while a U.S. holiday kept trading volumes low. * At 9:46 a.m. ET (14:46 GMT)…
Biden to Cancel Keystone XL Pipeline in Inauguration Day Executive Order
WASHINGTON — President-elect Joseph R. Biden Jr. is expected to cancel the Keystone XL pipeline permit on his first day in office, quickly reversing his predecessor's approval of a project to move oil from Canada to the Gulf of Mexico long…
Biden energy secretary nominee Jennifer Granholm has millions in energy investments, per new filing
President-elect Joe Biden's energy secretary pick, Jennifer Granholm, has disclosed millions of dollars of investments in corporate and private business interests, including millions in companies linked to the energy industry, as lawmakers prepare…
TC Energy plans net zero emissions for Keystone XL even as project's future in doubt
CALGARY — TC Energy Corp. has announced a plan for its Keystone XL project to achieve net zero emissions when it is placed into service, even as the future of the pipeline expansion appeared in doubt. Transition documents suggest Joe Biden…
Crypto Chi: The future (and energy) of money and technology
Throughout 2020, we saw a consistent flow of news about legacy finance, major investment companies and large corporations looking to enter the digital assets industry. The value proposition for investing in Bitcoin (BTC) and other digital…
Energy bills set to rocket by £90 a year for 11 million households
Energy consultants Cornwall Insight believe millions of customers may have to find an extra £87 a year. Their analysts said Ofgem's usual formula for calculations could result in a £66-a-year increase for a typical household. This is…
Is China really opening its energy market to EU enterprises?
China and the European Union recently signed the Comprehensive Agreement on Investment (CAI), which will give EU companies more access to the Chinese market. Please describe the access that EU companies had to the Chinese market before the deal…
PV - Government data reveals UK cities investing the most in solar energy - Renewable Energy Magazine, at the heart of clean energy journalism
The pandemic has taken a toll on the economy, but it's still imperative for councils to fight the effects of global warming. Along with investment in wind energy, councils must continue work on other areas if Britain are to achieve net zero by…
Kwasi Kwarteng, the free marketeer learning benefits of state action
Twenty-five years ago Kwasi Kwarteng appeared on page three of The Sun newspaper after muttering “oh fuck I've forgotten” during an episode of the TV quiz University Challenge. Now the 45-year-old MP for Spelthorne in Surrey is making…
Solar Trade Association rebrands as Solar Energy UK
The sun has set on the Solar Trade Association, ahead of a new dawn for the trade body as it this week's relaunches as Solar Energy UK. The organisation - which represents over 230 companies from across the solar and energy storage sectors -…
Slovakia suddenly a frontrunner in renewable energies
19-01-2021 (updated: 19-01-2021) Slovakia suddenly became one of the EU's leading countries when it comes to green energy consumption. [ Shutterstock/ Anton_Medvedev ] Slovakia suddenly became one of the EU's leading countries when it comes to…
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