BP Ousts Chairman Albert Manifold Over Governance Concerns Eight Months Into the Job
BP (NYSE: BP) fired its chairman, Albert Manifold, on Tuesday, less than eight months after appointing him, following what the board described as “serious concerns raised to the board related to important governance standards, oversight and conduct.” The dismissal was unanimous. Senior independent director Amanda Blanc said the board had been “surprised and disappointed to […]
Guilbeault Expected to Resign as MP, Not Just From Liberal Caucus
Steven Guilbeault is going further than anyone expected. The former environment minister confirmed to CTV News that he will resign his seat as a member of Parliament, a step beyond leaving the Liberal caucus, and told the outlet he plans to notify the caucus formally on Wednesday. The distinction matters. Leaving cabinet in November separated […]
Moscow Considers Diesel and Kerosene Export Bans After Drone Strikes Gut Central Russian Refining
Ukrainian drones have knocked six major Russian oil refineries offline in a single month, pulling daily refinery output to an average of 4.69 million barrels. Refining output is at a low not seen since 2009, forcing Moscow to weigh export bans on diesel and kerosene, The Moscow Times reported. The strikes gutted refining across central […]
Ferrari’s First EV Risks ‘Destruction of a Legend,’ Former Chairman Warns
Ferrari unveiled its first fully electric car on Monday and by Tuesday morning the market had rendered its verdict. Shares fell more than 6% at the open, and the brand’s own former chairman publicly demanded the Prancing Horse be stripped from the vehicle’s flanks. For a company that built its entire identity on exclusivity and […]
Ksi Lisims LNG Lands Germany’s SEFE as Buyer, Joining Shell and TotalEnergies on 12 Mtpa B.C. Project
Canada is set to enter into a major LNG supply agreement with Germany’s state energy firm SEFE, with Natural Resources Minister Tim Hodgson expected to make the announcement Wednesday in Vancouver. The arrangement is to take the form of an offtake from the C$10 billion Ksi Lisims floating export facility, which is set to be […]
US Wants Government-Wide NDAs for Federal Workers in Bid to Crack Down on Press Leaks
The Office of Personnel Management posted a draft notice to the Federal Register on Tuesday proposing a government-wide nondisclosure agreement for federal workers, aimed at preventing them from sharing confidential information with journalists. The draft will be formally published on Wednesday and open for a 30-day public comment period. The NDA would bar employees from […]
SpaceX Pressures Pentagon Into Fivefold Starlink Markup on Suicide Drone Fleet, Says Reuters
SpaceX has reportedly been using its competitive advantage to juice revenue from one of it’s largest customers: the US government. Reuters has reported that the company, in the weeks following the start of the Iran War, increased pricing fivefold for the Department of Defense. That pricing relates to the use of Starlink terminals, which are […]
Guilbeault Caucus Exit Threat Raises Cost Of Carney’s Ottawa-Alberta Deal
Mark Carney’s Alberta energy deal is beginning to show the political carrying cost of turning regulatory relief into an investment strategy. CTV News, citing unnamed federal government sources, reported that former cabinet minister Steven Guilbeault may leave the Liberal caucus within days. The possible move has not been publicly confirmed by Guilbeault or the Prime […]
Canada’s Debt Problem Is Regional Now: $2.44T
Canada’s debt burden is turning into a postcode problem, as new Fraser Institute estimates show households in different provinces facing sharply different combined fiscal exposure even before Ottawa’s next wave of borrowing is added. The report estimates combined federal and provincial net debt will reach $2.44 trillion in 2025/26, the highest it has reached in […]
US Denies Claim That Navy Has Resumed Project Freedom Gulf Escorts
The United States Navy has not restarted its Persian Gulf shipping escort programme, according to an official that spoke to i24NEWS, directly contradicting a Wall Street Journal report that American warships had guided a Greek-owned supertanker carrying two million barrels of crude oil out of the waterway under a revived Project Freedom. The Journal had […]