Rolls-Royce to return as much as $2 billion to shareholders in buyback, Sky News reports
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Wall Street’s Oil Deals Have Climate Activists Resorting to New Tactics
(Bloomberg) — In the summer of 2024, Alec Connon was a regular occupant of the small plaza in front of Citigroup Inc.’s Manhattan headquarters. Read More
Trump-Backed Gas Plant Could Become Biggest US Power Polluter
(Bloomberg) — US President Donald Trump’s proposal for a massive gas-fired power plant in Ohio would likely create one of the nation’s largest sources of carbon dioxide emissions from electricity generation. Read More
‘Big challenges’ remain as oilsands majors, Ottawa and Alberta step up talks ahead of April 1 deadline
Oilsands producers and the Alberta and federal governments are stepping up talks ahead of an April 1 deadline for a deal tying a major carbon capture proposal to expanded crude production and a new export pipeline, though “lots of big challenges” remain, the sector’s main lobby group said Friday. Read More
Oil Traders Rush to Hedge Iran Risk After Wild Start to Year
(Bloomberg) — The oil market is in the middle of its strongest start to a year since 2022 as supply shocks and sanctions confound expectations of a glut. Now traders are racing to cover themselves against the prospect of the US bombing Iran again. Read More
FP Western Bureau co-hosts Canada’s Energy Minister Tim Hodgson
In what appears to be a pivotal moment, the Financial Post Western Bureau and Calgary Economic Development hosted Tim Hodgson, Canada’s Energy and Natural Resources minister, for a speech and a fireside chat. Read More
Fed’s Schmid Says More Cuts Could Drive Inflation Pressures
(Bloomberg) — Federal Reserve Bank of Kansas City President Jeff Schmid said additional interest-rate cuts could do more to ingrain higher inflation than shore up the labor market. Read More