Archives

PBO: GHG Emissions Cap Could See Lower Carbon… And Fewer Jobs

A new federal analysis by the Parliamentary Budget Officer predicts that Canada’s proposed cap on oil and gas emissions could come with a steep economic price, potentially cutting 40,300 jobs and shaving nearly half a percentage point off national GDP by 2032. The proposed regulations would legally cap the industry’s emissions at 160 megatonnes between […]

Trump Plans To Refine Metals On Pentagon-Owned Bases

President Donald Trump is reportedly pursuing a plan to build metals refining facilities on Pentagon-owned land. According to two senior administration officials involved, the strategy was designed to lessen the country’s reliance on China for critical minerals essential to national defense. Fighter jets, submarines, and countless other military assets contain metals processed largely by Beijing, […]

Carney To Be Sworn In As Next Prime Minister Friday, Expected To Call For Election

After winning the Liberal leadership, Mark Carney is expected to become Canada’s 24th prime minister on Friday, according to a person familiar with the matter. He succeeds Justin Trudeau, who announced his departure in January following nearly a decade in power. Trudeau’s popularity had waned considerably, prompting the Liberals to seek fresh leadership in the […]

Northvolt’s Bankruptcy Filing In Sweden Shakes Europe’s EV Push

Northvolt, the Swedish electric vehicle battery startup once hailed as a game-changer in Europe’s green transition, has officially filed for bankruptcy in Sweden. The company’s rapid ascent began in 2016, spurred by more than $15 billion in equity, debt, and public financing from high-profile backers. Volkswagen and Goldman Sachs emerged as major stakeholders, while Siemens […]

CGX Energy, Frontera See Guyana Petroleum Prospecting License Terminated

CGX Energy (TSXV: OYL) and Frontera Energy (TSX: FEC) are officially out of an asset in Guyana. The two corporations this morning indicated that a second letter has been received from the Government of Guyana related to the Corentyne petroleum prospecting block off the coast of the country. The letter essentially states that the prospecting […]

Aris Mining Touts Record Gold Production in Q4 2024

Aris Mining (TSX: ARIS) has unveiled its financial and operating results for the fourth quarter and full year ended December 31, 2024. The firm noted a quarterly record-breaking production of 57,364 gold ounces, up from 53,608 ounces in Q3 2024. Segovia, a key contributor to Aris Mining’s results, reported an AISC of US$1,485 per ounce […]

enCore Energy Doubles Flow Capacity At Alta Mesa, Utilization Hits 75%

enCore Energy (TSXV: EU) has doubled the flow capacity at its South Texas Alta Mesa ISR Uranium Central Processing Plant. The doubling of capacity follows the startup of a second ion exchange circuit, which collects uranium from process water pumped from recovery wells in the wellfield. With the second ion exchange circuit coming online, the […]

AtkinsRealis Sells 6.76% Interest In Highway 407 For $2.79 Billion

AtkinsRealis Group (TSX: ATRL), formerly known as SNC-Lavalin, is exiting the Canadian toll road business. The company this morning indicated it has entered into an agreement to sell the last of its stake in 407 International, the entity that owns the 407 Highway in the Greater Toronto Area. The transaction will see AtkinRealis’ remaining 6.76% […]

Liberals Are Scrambling to Figure Out How to Remove the Carbon Tax

The federal Liberal government is currently working through the logistics of fulfilling incoming Prime Minister Mark Carney’s commitment to eliminate the consumer carbon tax, as the scheduled April 1st increase of 19% approaches. In comments made Tuesday, Environment Minister Steven Guilbeault indicated that the implementation path remains unclear. “We’re looking into different options,” Guilbeault explained. […]

OpenAI Signs $11.9 Billion Deal with CoreWeave

OpenAI struck a five-year, $11.9 billion agreement with cloud provider CoreWeave, taking a direct $350 million equity stake and possibly deepening tensions with its biggest backer, Microsoft (Nasdaq: MSFT), in what TechCrunch described as a “grandmaster-level chess move.” “CoreWeave is an important addition to OpenAI’s infrastructure portfolio, complementing our commercial deals with Microsoft and Oracle, […]