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October 18 – The Norwegian government announced on Sunday that Norway, along with other members of the European Free Trade Association (EFTA), including Iceland, Liechtenstein, and Switzerland, have signed a free trade agreement with Vietnam. In a statement, the Norwegian government said that after the agreement takes effect, approximately half of Norways exports to Vietnam will enjoy zero tariffs, and within seven years, the proportion of exports enjoying zero tariffs will exceed 98%. Vietnam and the EFTA concluded negotiations in July this year after years of talks. The two sides initially launched negotiations in 2012.US Vice President Vance: If Iran is allowed to control shipping through the Strait of Hormuz, global energy supplies will be constrained, and gasoline prices will rise. We will see gasoline prices fall after this conflict ends. The US military is ensuring the smooth passage of oil through the Strait of Hormuz.On October 18, the Saudi-led coalition stated that an AH-6I helicopter crashed in the Najran region of Saudi Arabia due to a "technical malfunction," killing both crew members. The Houthi rebels in Yemen had previously issued a statement on the evening of October 17 claiming to have shot down a Saudi Apache helicopter in the Najran region.The Saudi-led coalition said an AH-6I helicopter crashed in the Najran region due to a technical malfunction, killing both crew members.On October 18th, Canadian Defense Minister John McGuinty confirmed on the evening of October 17th that a serious accident occurred at the Canadian Armed Forces Wainwright Air Base in Alberta, resulting in casualties. According to a senior military journalist in Canadian media, based on his 20 years of direct military reporting experience, "such a major accident has never occurred before" during training exercises. Reports indicate that a live-fire exercise was underway at the base when the incident occurred, causing a fire that spread with the wind to an area storing large quantities of ammunition. Canadian Prime Minister Mark Carney stated that evening that a "serious accident" had occurred at Wainwright Air Base, resulting in a large fire. A Member of Parliament representing an Alberta riding also stated that, to his knowledge, an explosion and fire occurred at the base, causing serious casualties.

Bipartisan U.S. Senate Panel Discusses Clean Energy Tax Breaks

Charlie Brooks

May 05, 2022 09:49

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A bipartisan group of at least a dozen United States senators met Wednesday to discuss tax incentives for clean energy programs as part of broader legislation to increase the United States' energy independence and combat climate change, lawmakers said.


During a 90-minute meeting in the United States Capitol, the senators, including at least four Republicans, considered a lengthy list of suggested tax credits to stimulate programs such as offshore wind technology and carbon capture and storage. Legislators stated that their goal is to craft a proposal by late June that will garner bipartisan backing in the Senate.


The group is analyzing parts of President Joe Biden's so-called Build Back Better legislation, which cleared the House last year but died in the Senate's 100-member chamber.


"We're attempting to ensure our country's energy independence, to determine how we can use what we have more efficiently, and to assist in the development of new technologies," Senator Joe Manchin, who is leading the initiative, told reporters.


"This is a significant accomplishment," said Manchin, one of two moderate Democrats whose opposition to Biden's plan contributed to the legislation's defeat. "We're investigating everything possible."


Republican Senator Kevin Cramer stated that the group's next step will be to contact specialists to ascertain the environmental and economic benefits associated with the renewable energy technology detailed in several pages of suggestions.


"Clearly, we cannot fund everything. It's merely a massive wish list. It reads similarly to what Santa considers in the run-up to Christmas, "Cramer explained to reporters.


Cramer stated that the discussion included a suggestion to bring a greater portion of the solar panel supply chain to the United States. "If we're going to conduct more business with our allies and bring more goods to the US... there are some additional residual benefits that I believe merit some consideration," he said.

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