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energy and resources
Plug Power to build up to six new hydrogen plants for EV industry, after getting US$1.66-billion loan guarantee
FILE PHOTO: A Hydrogen fuelling pump for vehicles is seen on the base at Camp Pendleton in Oceanside, California December 10, 2014. REUTERS/Mike Blake/File Photo
energy and resources
Hydro One reports $293-million first-quarter profit, up from $282-million a year earlier
Hydro One Ltd. says chief financial and regulatory officer Chris Lopez is stepping down on June 30 to pursue other opportunities. A Hydro One office is pictured in Mississauga, Ont. on November 4, 2015. THE CANADIAN PRESS/Darren Calabrese
energy and resources
EU countries approve law to slash carbon dioxide emissions from trucks
FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023. REUTERS/Johanna Geron/File Photo
report on business
‘Faster and cheaper than we dared think possible’: Why a global leader in the energy transition is still feeling optimistic
Portraits of Lord Adair Turner, photographed inside and just outside Claridge’s in London, England on May 9, 2024. Lord Adair Turner is a major international player in climate policy who’s speaking in Toronto next week. He is the chairman of the Energy Transitions Commission. CREDIT Lauren Fleishman for Globe and Mail
report on business
Energy-hungry AI models could strain water and power grids. Can the sector handle the demand?
explainer
Canada’s oldest power plants are getting major facelifts to bring them into the 21st century
"The headworks gantry crane (right) looms over the Robert H. Saunders Generating Station, one of Ontario Power Generation’s largest hydroelectric dams, on April 10, 2024." Credit Matthew McClearn/ The Globe and Mail
world
China’s push for greener aluminum hit by erratic rains, power cuts
FILE PHOTO: A worker walks through an aluminium ingots depot in Wuxi, China's Jiangsu province, September 26, 2012. REUTERS/Aly Song/File Photo
world
Donald Trump asked oil executives for $1-billion, said he would roll back regulations, sources say
FILE PHOTO: U.S. President Donald Trump delivers a speech during a tour of the Double Eagle Energy Oil Rig in Midland, Texas, U.S., July 29, 2020. REUTERS/Carlos Barria/File Photo
opinion
Capital Power’s big carbon capture project is on hold – it’s a sign that we have to work even harder on decarbonizing Canadian industry
Michael Bernstein
energy and resources
Siemens Energy shakes up troubled wind unit after reporting strong quarterly results
FILE PHOTO: A recording light of a TV camera is flashing red as Siemens Energy CEO Christian Bruch addresses the annual results news conference in Munich, Germany, November 15, 2023. REUTERS/Leo Simon/File Photo
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Nikola’s revenue misses estimates on slowing truck demand
FILE PHOTO: U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca/File Photo
energy and resources
Duke Energy’s first-quarter profit tops estimates as residential customers surge
FILE PHOTO: The company logo and ticker for Duke Energy Corp. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 4, 2019. REUTERS/Brendan McDermid/File Photo
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New rules on renewable energy are driving away investment, Alberta government told
A wind turbine overshadows a grain elevator near Pincher Creek, Alta., Wednesday, March 9, 2016.THE CANADIAN PRESS/Jeff McIntosh
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Competition Bureau launches inquiry into Lululemon over ‘greenwashing’ allegations
The Lululemon logo is seen on a wall at the company's headquarters in Vancouver, on Thursday, May 25, 2023. THE CANADIAN PRESS/Darryl Dyck
globe climate newsletter
Globe Climate: Can floating nuclear power plants serve remote Northern communities?
A view of Gjoa Haven, NT on Friday, February 3, 2023. The arctic seasons are extreme, with very short days and extreme cold in the winter and very long days in the summer, with average summer highs of 8 degrees celsius.
international business
CPPIB co-leads partnership acquiring U.S. utility Allete in $6.2-billion deal
FILE PHOTO: FILE PHOTO: A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/File Photo/File Photo
report on business
Power Corp.’s sustainable-investing arm gains familiar new shareholder
Olivier Desmarais CEO of Power Sustainable, a unit of Power Corp. poses for a portrait at his company’s office in Montreal on Friday, May 3, 2024. Evan Buhler/The Globe and Mail�
opinion
A glass half-full of emissions reductions
Campbell Clark
report on business
Latest national emissions report shows signs of progress toward Canada’s 2030 goal
A report from RBC says business spending on climate action needs to "rise exponentially" for the country to be on course for net zero emissions by 2050. A flare stack lights the sky from a refinery in Edmonton on December 28, 2018. THE CANADIAN PRESS/Jason Franson
report on business
Brookfield reaches framework deal to sell renewable power to Microsoft for data centres
FILE PHOTO: People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield Asset Management shareholders in Toronto, May 7, 2014. REUTERS/Mark Blinch
report on business
Advisory Glass Lewis recommends Shell investors oppose shareholder climate resolution at AGM
FILE - A member of Shell staff on the Bonga offshore oil Floating Production Storage and Offloading vessel off the coast of the Niger Delta in Nigeria, on Dec. 26, 2011. Local activists and international environmental groups want Nigeria's government to delay approving the sale of oil company Shell's onshore assets, claiming Shell is trying to shirk its environmental and social responsibilities in the highly polluted Niger Delta. The Centre for Research on Multinational Corporations (SOMO), a Dutch non-profit, released a report Wednesday Feb. 28, 2024 saying Shell shouldn’t be allowed to divest in the delta unless it takes “responsibility for its toxic legacy of pollution and ensures the safe decommissioning of abandoned oil infrastructure.” (AP Photo/Sunday Alamba, File)
international business
Shell exits China power market businesses
FILE PHOTO: A handout picture of Shell Recharge electric vehicle (EV) charging hub, Shenzhen Bao'an International Airport, Shenzhen, China September 19, 2023. Courtesy of Shell/Handout via REUTERS/File photo
international business
Microsoft, Brookfield to partner on renewable energy projects
Pedestrians and office workers walk past the Bay St. entrance to Brookfield Place in Toronto’s Financial District on July 12, 2022. Fred Lum/The Globe and Mail.
energy and resources
Alberta government to partially fund facility to test geothermal drilling techniques
Alberta Premier Danielle Smith speaks on invoking her government’s sovereignty act over federal clean energy regulations, along with Rebecca Schulz, Minister of Environment and Protected Areas and Nathan Neudorf, Minister of Affordability and Utilities, in Edmonton on Monday November 27, 2023. The Alberta government is helping fund what it says is Canada's first test site for geothermal energy drilling techniques.THE CANADIAN PRESS/Jason Franson.
energy and resources
G7 offers leeway to Germany, Japan in deal to quit coal by 2035
(FILES) A balloon flies above the coal-fired power station 'Scholven' in Gelsenkirchen, western Germany, on April 10, 2024. G7 energy ministers are close to committing to a common target of shutting down their coal-fired power plants "in the first half of the 2030s", a source told AFP on April 29, 2024. The meeting of the seven leading industrialised nations in Turin is the first big political session since the world pledged at the UN's COP28 climate summit in December to transition away from coal, oil and gas. (Photo by Ina FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)
report on business
Electricity imports from U.S. topped exports in February amid drought
Power lines are seen against cloudy skies near Murvale, Ont., northwest of Kingston, Wednesday, Sept. 7, 2022. For the first time in eight years, Canada imported more electricity from the U.S. than it exported in February amid prolonged dry conditions that have reduced hydroelectric generation. THE CANADIAN PRESS/Adrian Wyld
energy and resources
WEC Energy to acquire majority stake in solar project near Dallas
File Number: 4393368 Solar panels with blue sky. Credit: iStockphoto (Royalty-Free)
energy and resources
G7 energy ministers reach deal to shut down coal-fired power plants by 2035
FILE PHOTO: Smoke and steam billow from Belchatow Power Station, Europe's largest coal-fired power plant powered by lignite, operated by Polish utility PGE, in Rogowiec, Poland, November 22, 2023. REUTERS/Kacper Pempel/File Photo
energy and resources
COP29 climate summit host Azerbaijan defends oil and gas investments
President of Azerbaijan Ilham Aliyev holds a joint press conference with German Chancellor Olaf Scholz, not pictured, in Berlin, Germany, Friday April 26, 2024. Among other things, the meeting dealt with issues relating to foreign and security policy as well as economic and energy policy. (Hannes P. Albert/dpa via AP)
international business
Thyssenkrupp to sell 20% stake in steel unit to Czech billionaire Daniel Kretinsky
FILE PHOTO: Thyssenkrupp's logo is seen outside the elevator test tower in Rottweil, Germany, January 21, 2020. REUTERS/Michaela Rehle/File Photo
energy and resources
Tough new EPA rules would force coal-fired power plants to capture emissions or shut down
FILE - The Marshall Steam Station coal power plant operates March 3, 2024, near Mooresville, N.C. A rule issued April 24, 2024, by the Environmental Protection Agency would force power plants fueled by coal or natural to capture smokestack emissions or shut down. (AP Photo/Chris Carlson, File)
energy and resources
Tumble in storage battery costs in coming years to boost shift to renewables, IEA says
FILE PHOTO: A view of the logo of the International Energy Agency in Paris, France, December 15, 2023. REUTERS/Sarah Meyssonnier/File Photo
opinion
One small reference to carbon removal in 2024 budget, one big leap for Canada?
Lucy Hargreaves
international business
Solar firm SunPower to cut jobs, shut business segments
FILE PHOTO: The logo of the solar power generation company SunPower is seen inside one of their offices in Richmond, California, U.S., July 15, 2021. REUTERS/Peter DaSilva/File Photo
report on business
Alberta power grid operator under investigation by watchdog
With the sounds of humming overhead, transmission lines carry hundreds of kilovolts of electricity from ENMAX Calgary Energy Centre on April 23rd, 2024. (Louis Oliver/The Globe and Mail)
report on business
Indigenous communities are leading Canada’s clean energy transition