Canada
Alberta oil regulator stopped enforcing gas flaring limits after government pressure
Alberta's dismantling of its 20-yr-old flaring limit after companies blew through the limit two years in a row, with no objections from the federal government, is an example of the challenges Canada faces in reconciling its environmental commitments with a renewed focus on economic growth.
Canada rolls back climate rules in energy deal with Alberta
Under the agreement, the federal government will scrap a planned emissions cap on the oil and gas sector and drop rules on clean electricity, in exchange for a commitment by Canada's top oil-producing province to strengthen industrial carbon pricing and support a carbon capture-and-storage project.
Global oil refining profits surge and may stay strong
The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier this year that the rally could prove to be a short-term blip due to the impact of tariffs.
Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners
The project adds additional takeaway capacity for Canadian crude and broadens access to U.S. refineries, improving the flow of oil sands to major export outlets.
Quick wins on cutting methane dogged by a slow transition
The pledge to cut methane emissions by 30% below 2020 levels by 2030 has been signed by 159 countries plus the EU. Many of them have developed, or are working on, methane action plans, and billions of dollars have been committed to the effort.
StormFisher Hydrogen acquires Recyclage Carbone Varennes to launch North America's first large-scale low-carbon methanol plant
Scheduled for operation in 2028, the facility will supply low-carbon fuels to global maritime, aviation, and chemical markets.
Canada may drop oil emissions cap as part of new climate plan
Current talks could lead to the emissions cap being scrapped as part of a broader new "climate competitiveness strategy," which the federal government aims to unveil later this autumn.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
