Fossil fuel sector needs investment to reduce emissions: RBC exec

CALGARY — Two executives from Royal Bank of Canada say financial institutions will need to invest not just in green energy companies, but also in the fossil fuel industry, if Canada is to meet its climate change targets. RBC Capital Markets CEO Derek Neldner and...

Germany close to deal on nationalizing gas company Uniper

BERLIN (AP) — Natural gas supplier Uniper said Tuesday that it’s in “final discussions” for Germany to nationalize the company, ramping up the government’s intervention in the gas and oil industry as Russia’s war in Ukraine provokes an energy crisis. The...

Germany takes control of 3 Russian-owned oil refineries

BERLIN (AP) — Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday. The Economy Ministry said in a statement that Rosneft Deutschland...

Small nuke reactors emerge as energy option, but risks loom

NICOSIA, Cyprus (AP) — A global search for alternative sources to Russian energy during the war in Ukraine has refocused attention on smaller, easier-to-build nuclear power stations, which proponents say could provide a cheaper, more efficient alternative to older...