EDC targets reduced portfolio emissions from oil and gas, aerospace

OTTAWA — Export Development Canada (EDC) has laid out emission reduction targets for its lending portfolios in the oil and gas and aerospace industries as part of its long-term goal to become carbon neutral by 2050. The Crown corporation says it aims to reduce its...

Minister: Brazil wants to buy a lot of diesel from Russia

  By Edith M. Lederer in Tanzania UNITED NATIONS (AP) — Brazil’s foreign minister said Tuesday the country wants to buy as much diesel fuel as it can from Russia following a deal with Moscow. Carlos França called Russia “a strategic partner” and said Brazil is in...

Gas pipeline shutdown starts amid German suspicion of Russia

By Geir Moulson in Berlin BERLIN (AP) — A major gas pipeline from Russia to western Europe shut down for annual maintenance on Monday as Germany prepared to give the green light for 10 coal-fired power plants to restart amid concerns that Russia may not resume the...

Six things to watch during Biden’s trip to the Middle East

  By Chris Megerian in Washington WASHINGTON (AP) — President Joe Biden will confront a kaleidoscope of challenges when he travels to the Middle East this week, his first trip there since taking office. With the American wars in Iraq and Afghanistan in the...

EU lawmakers back gas, nuclear energy as sustainable

BRUSSELS (AP) — European Union lawmakers voted Wednesday to include natural gas and nuclear in the bloc’s list of sustainable activities, backing a proposal from the EU’s executive arm that has been drawing fierce criticism from environment groups and now...