U.S. President Donald Trump has used his second term in the White House to stymie development of wind and solar energy facilities that were a cornerstone of former President Joe Biden's climate and energy agendas. Here is a timeline of actions his administration has taken to unravel federal support for clean energy projects: January 20 On his first day in office, Trump paused new leasing and permitting of wind energy projects on federal lands and waters pending a federal review. This marked a [Read more]
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Canadian Pacific joins Buffett in rejecting railroad consolidation, narrowing merger prospects
Two major rail operators have taken themselves out of the merger game that has gripped the industry for the past month, reshaping the competitive landscape and raising the regulatory stakes for Union Pacific's proposed $85 billion tie-up with Norfolk Southern. Canadian Pacific Kansas City joined Warren Buffett's BNSF Railway BNSF Railway on Tuesday in publicly rejecting participation in any near-term rail industry consolidation. The move makes it less likely that a proposed $85 billion [Read more]
Exxon held secret talks with Russia’s Rosneft, WSJ reports
A senior Exxon Mobil executive discussed with Russia's Rosneft this year about returning to the Sakhalin project if the U.S. and Russia gave the green light as part of a Ukraine peace process, the Wall Street Journal reported on Tuesday, citing people familiar with the discussions. (Reporting by Costas Pitas and Bhargav Acharya; Editing by Caitlin Webber) [Read more]
Westgate Energy announces update on three well drilling program and Q2 2025 financial results
CALGARY, AB, Aug. 26, 2025 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), is pleased to announce the filing of its unaudited financial and operating results for the three and six months ended June 30, 2025. Selected financial and operating information should be read in conjunction with Westgate's unaudited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2025 and 2024, which are [Read more]
Canada eyes deeper energy ties with Germany through critical minerals partnership
BERLIN - Canada is signing a critical minerals partnership with Germany that encourages the joint public financing of natural resources projects. Prime Minister Mark Carney says for too long, key Canadian minerals such as nickel and cobalt have gone underdeveloped while China and Russia dominate the global critical minerals market. Carney says the two countries also aim to closely co-operate in energy, including on liquefied natural gas and hydrogen energy. Carney is currently on a [Read more]
Indian exports face blow as US enforces steep new tariffs from Wednesday
Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington would impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation. Indian exports will face U.S. duties of up to 50% - among the highest imposed by Washington - after President Donald Trump announced extra tariffs as punishment for New Delhi's purchases of Russian oil. The new duties will apply to goods entering the U.S. for [Read more]
South Korean firms pledge $150 billion in US investments at summit
South Korea touted a broad range of U.S. investment plans by its companies at Monday's summit between U.S. President Donald Trump and South Korean President Lee Jae Myung, spanning shipbuilding, nuclear energy, aerospace, energy and critical minerals. While South Korean companies pledged at the summit $150 billion in U.S. investments, the countries also agreed to establish a non-binding agreement to steer $350 billion of investment funds proposed by Seoul in July as part of a trade deal to [Read more]
US and Russian officials discussed energy deals alongside latest Ukraine peace talks
U.S. and Russian government officials discussed several energy deals on the sidelines of negotiations this month that sought to achieve peace in Ukraine, according to five sources familiar with the talks. These deals were put forward as incentives to encourage the Kremlin to agree to peace in Ukraine and for Washington to ease sanctions on Russia, they said. Russia has been cut off from most international investment in its energy sector and from striking major deals due to sanctions [Read more]
Oil eases after rising to 2-week high on Russia-Ukraine supply concerns
Oil prices edged down on Tuesday, after surging nearly 2% in the previous session, as traders closely monitored developments in the Russia-Ukraine conflict for potential disruptions to regional fuel supplies. Brent crude fell 32 cents, or 0.5%, to $68.48 per barrel at 0448 GMT, while West Texas Intermediate (WTI) crude also lost 33 cents, or 0.5%, to $64.47 per barrel. Both contracts rose to their highest in more than two weeks on Monday, with WTI climbing above the 100-day moving [Read more]
China’s LNG imports are set to rise for a 4th month, but it’s not bullish: Russell
China's imports of liquefied natural gas (LNG) are poised to rise for a fourth straight month in August, but this may not be quite as bullish as it first appears. The world's biggest buyer of the super-chilled fuel is on track to see imports of 6.04 million metric tons in August, the strongest since the same volume was landed in January, according to data compiled by commodity analysts Kpler. China's imports of LNG have been trending higher since hitting a five-year low of 4.48 million [Read more]
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