EUR/USD 1.12377
0.164%
Gold 4168.72
-0.043%
Oil 98.821
2.843%
USD/JPY 157.991
0.009%
GBP/USD 1.33278
0.397%
GBP/JPY 210.572
0.390%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian President Zelensky: Intelligence sharing between Ukraine and the United States has resumed operation.Global Chip LOF: Trading in this fund will be suspended from the opening of the market on October 19, 2026, and will resume at 10:30 on October 19, 2026.On October 18, Ukrainian President Volodymyr Zelenskyy posted on social media that Russian forces attacked substations in Vinnytsia, Zhytomyr, Khmelnytskyi, and Odessa regions on the evening of October 17, causing power outages for tens of thousands of households. In addition, the Russian airstrikes that evening resulted in two deaths and 12 injuries. Zelenskyy stated that in the week since US President Trump declared an "energy ceasefire" between Russia and Ukraine, Russia has launched 76 attacks on Ukrainian power, oil, and gas facilities. Over the past week, the Russian military has launched 2,700 attack drones, more than 1,700 aerial bombs, and 66 missiles into Ukraine, primarily targeting Ukrainian energy facilities. He called on the US to put pressure on Russia. According to official Ukrainian statements and energy company announcements on social media on the morning of October 18, from the evening of October 17 to the early morning of October 18, Russian forces launched airstrikes on energy facilities in multiple Ukrainian regions, causing emergency power outages in Kyiv, Kyiv Oblast, Odessa Oblast, Ternopil Oblast, and other areas.The Saudi Civil Defense Authority has lifted the emergency alert for Najran.The Saudi Civil Defense Authority issued an emergency alert in Najran.

Trudeau: Canada Will Be A Good Energy Partner For Europe, But Won't Compromise on Climate Goals

Aria Thomas

May 09, 2022 09:42

C2.png


Canada wants to be a good energy partner to Europe, but it will not compromise its climate goals or planned shift to cleaner energies, Canadian Prime Minister Justin Trudeau declared late Sunday night.


During an unscheduled visit to Ukraine, Trudeau stated that he has faith in the Bank of Canada's efforts to curb three-decade-high inflation. Earlier, Trudeau announced that Canada will supply Ukraine with new weaponry and equipment and reopen its embassy in the countryștiis capital, Kyiv.


After years of failing to fulfill its climate objectives, Canada published in March a strategy for achieving them by 2030, outlining specific plans and C$9.1 billion ($7.3 billion) in spending to reduce planet-warming carbon emissions. It intends to decrease carbon emissions by 40-45% below 2005 levels by 2030.


Oil and gas is the most polluting industry in Canada, accounting for 26% of total emissions. To fulfill the government's goal, the industry would have to implement substantial reductions.


"Canada is one of the major oil and gas producers in the world, but we also recognize the importance of accelerating the transition to net zero," added Trudeau.


Canada's natural resources minister told Reuters on Friday that the government is in talks with Repsol (OTC:REPYY) and Pieridae Energy, the companies behind two proposed east coast liquefied natural gas (LNG) export facilities, to determine how it can expedite the projects and increase supply to Europe. 


Sunday, Trudeau stated, "We seek to be good energy partners with our European allies, but we will never relent in our battle against climate change."


The same infrastructure that may be utilized for LNG can also be used for hydrogen and ammonia, which may power the shift away from fossil fuels.

Suggestion