Canadian oil and gas companies facing a federally imposed emissions cap will decide to cut their production rather than invest in too-expensive carbon capture and storage technology, a new report by Deloitte says.
Half of all new cars are now SUVs, and even though approximately 20 per cent of them are hybrid or electric vehicles, rising emissions from the vehicles have been cited for causing as much as a fifth of the increase in global carbon dioxide emissions.
Canada's energy minister is defending carbon capture and storage technology as both effective and affordable, after an Alberta power company walked away from a planned project and a study found that another project got public subsidies to cover more than three-quarters of its costs.
Such a summit would have been unthinkable a dozen years ago in the wake of the 2011 Fukushima nuclear accident in Japan, but a warming planet creating a need to phase out fossil fuels and war in Ukraine laying bare a dependence on Russian energy have turned the tables over the past half decade.
The world's renewable energy grew at its fastest rate in the past 25 years in 2023, the International Energy Agency reported on Thursday in its first assessment since nations agreed in December on ambitious new targets to slow dangerous climate change.
For Muskan, the arrival of summer in Delhi is the “beginning of hell.” As temperatures in her cramped, densely populated east Delhi neighbourhood often soar above 45 C, she dreams of only one thing: air conditioning.
After a first-day blur of rare quick action and agreement, negotiators at a critical United Nations climate summit on Wednesday finished up their first week in a more familiar place for them: the murky middle where momentum and roadblocks intertwine.
The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extreme weather events fuelled by human-caused climate change, the International Energy Agency said.
Calgary-based Pieridae Energy is giving up on its Nova Scotia LNG dreams and is retreating back to Alberta to focus on its fossil fuel business, the company said in a corporate update.