Alaska Targets 25% Faster Environmental Permits For Mining, Energy Projects
Alaska has moved to cut environmental review timelines for mining and energy proposals by roughly 25%, signing a FAST-41 memorandum with federal regulators that targets 2.7 years from 3.6. The deal gives Alaska “a seat at the table,” Gov. Mike Dunleavy said, calling it “the beginning of something the whole country could use.” Permitting Council […]
Government Becomes Intel’s Largest Shareholder in $8.9B Deal
The Trump administration announced it will take a nearly 10% stake in Intel Corp. (Nasdaq: INTC) worth $8.9 billion, converting previously awarded grants into equity ownership as part of a broader plan to establish a US sovereign wealth fund. The deal makes the federal government Intel’s largest single shareholder and represents what White House economic […]
Is Japan Backing Out Of $550 Billion Investment In US?
Japan canceled this week’s Washington trip to finalize the $550 billion US-bound investment package, delaying the deal while tariff changes remain unresolved. Reuters reported that trade negotiator Ryosei Akazawa pulled the visit due to administrative delays, with NHK and Kyodo noting outstanding issues at the working level. A government source said Akazawa could fly early […]
Congress To Investigate Wikipedia Over Israel-Related Entry, Asking Contributors’ Identities
The House Oversight Committee opened an investigation into the Wikimedia Foundation, ordering records by September 10 tied to alleged anti-Israel bias and foreign manipulation of Israel-related Wikipedia content. The letter, signed by Republican Reps. James Comer and Nancy Mace, directs Wikimedia CEO Maryana Iskander to produce materials covering January 1, 2023 to the present. Requests […]
CMHC Q2 2025 Net Income Rises 15% to $419M, Driven By Insurance And Securitization Demand
Canada Mortgage and Housing Corporation posted Q2 2025 net income of $419 million, up 15% from $364 million a year ago. Even as an update to macro assumptions sent insurance service expense up nearly ninefold, demand for insured mortgages and securitization stayed strong, cushioning the hit. Insurance revenue rose 26% to $331 million, lifting the […]
Ukraine Attacks Force Russia’s Main Oil Port To Cut Exports By 50%
Russia’s Ust-Luga oil export terminal will run at roughly half capacity in September—about 350,000 barrels per day—after Ukrainian drone attacks damaged pipeline infrastructure feeding the port. The bottleneck traces to strikes on the Unecha pumping station in Bryansk, a key transit node for flows to Ust-Luga and the Druzhba line into the EU. Repair work […]
Pierre Poilievre Vows to Eliminate Clean Fuel Regulations
Conservative Leader Pierre Poilievre is intensifying his campaign against Canada’s Clean Fuel Regulations, branding them “carbon tax 2.0” as he prepares to make their elimination a key priority when Parliament resumes in September. Speaking outside a gas station in Charlottetown on Wednesday, Poilievre said the regulations are already adding cents to fuel prices across the […]
Energy Minister Rejects Trans Mountain Pipeline Optimization as Priority Project
Energy Minister Tim Hodgson rejected on Wednesday the Trans Mountain pipeline operator’s request to fast-track capacity optimization under new federal powers, saying the upgrades don’t qualify as a project of national interest despite potential for significant output gains. The dispute centers on whether Canada should maximize its $34 billion Trans Mountain expansion before building new […]
Simply Solventless Sees Record Revenue, Gross Margin Drop In Q2 2025
Simply Solventless (TSXV: HASH) reported its Q2 2025 financials, with gross revenue jumping 317% year over year to a record $13.0 million from $3.1 million, a 5% increase from last quarter’s $12.4 million. Costs scaled with volume as cost of goods sold rose to $6.2 million from $1.9 million, swinging gross profit before fair-value adjustments […]
World’s Largest Banking Climate Alliance Suspends Operations After Mass Exodus
The world’s largest climate alliance for banks suspended operations Wednesday and will ask remaining members to vote on whether the organization should continue to exist, marking a dramatic collapse for a group that once represented the financial industry’s commitment to fighting climate change. The Net-Zero Banking Alliance announced it would halt activities after North American […]