Energy
Canada greenlight new West Coast oil pipeline with C$150B investment
Canada and Alberta announced plans to build a major new oil pipeline routing through southern British Columbia to the Pacific coast, backed by over C$150 billion in federal investments. The project aims to expand Canada's energy exports to Asian markets while addressing concerns from British Columbia and Indigenous nations.
Record heat waves stress US electricity systems
Extreme heat across central and eastern United States is straining power grids as cooling demand surges. The largest US grid operator has urged consumers to reduce consumption to prevent blackouts during the heat wave.
Alberta Proposes New Oil Pipeline to BC Coast
Prime Minister Mark Carney and Alberta Premier Danielle Smith announced a multibillion-dollar pipeline project routing Alberta crude oil to a Pacific port via southern British Columbia. The state-owned Trans Mountain Corp. will develop the infrastructure to diversify Canadian energy exports.
Google's AI Expansion Drives Major Emissions Increase
Google's greenhouse gas emissions rose 37 percent in 2025 due to massive power consumption from artificial intelligence data centers. The company struggles to balance AI growth with climate commitments made in 2019.
Calgary Stampede Hosts Political Showdown
Canada's Calgary Stampede served as venue for major political figures including Conservative leader Pierre Poilievre and federal finance minister. A multibillion-dollar pipeline proposal coincided with a looming referendum on Alberta's future within Canada, politicizing the traditional festival.
Alberta Pipeline Plan Emphasizes Indigenous Participation and Ownership
Alberta's new pipeline proposal receives praise for prioritizing Indigenous community support and economic participation in infrastructure development. The initiative represents a reconciliation-focused approach to resource development with Indigenous ownership stakes.
Canada Greenlights Major Pipeline After Province Talks
Prime Minister Mark Carney brokered C$150bn in investments to ease British Columbia and First Nations concerns about a new 1 million-barrel-a-day oil pipeline. The deal aims to expand Canada's overseas energy presence.
Strait of Hormuz traffic surge masks persistent oil market uncertainty
Oil prices have fallen as shipping traffic through the Strait of Hormuz resumed normalcy following extended disruptions. However, underlying market conditions remain precarious due to safety concerns, geopolitical uncertainty, and structural challenges affecting crude supply flows.
Oil Prices Flat as U.S.-Iran Diplomatic Talks Continue
International oil markets showed minimal movement as U.S.-Iran peace negotiations progressed. Traders remained cautious amid ongoing diplomatic efforts between the two nations.
Oil Prices Stable as US-Iran Peace Talks Continue
Global oil prices remained relatively flat as traders awaited outcomes from diplomatic efforts between the United States and Iran. The stability reflects market expectations for potential resolution.