Allies aim for risky Russian oil price cap as winter nears
By Fatima Hussein in Washington WASHINGTON (AP) — U.S. officials celebrated in early September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin’s access to cash as he wages war on Ukraine. The idea sounded simple...
NATO believes Baltic Sea gas leaks were sabotage
COPENHAGEN, Denmark (AP) — NATO said Thursday it would retaliate for any attacks on the critical infrastructure of its 30 member countries as it suggested that damage to two gas pipelines off Denmark and would-be member Sweden in international waters in the Baltic Sea is the result of sabotage.
“Any deliberate attack against Allies’ critical infrastructure would be met with a united and determined response,” NATO ambassadors said in a statement. They said that the damage to the pipelines between Russia and Germany “is of deep concern.”
Vancouver gas prices pass $2.39, breaking North American record: analyst
Gas prices in Vancouver hit a new high of more than $2.39 a litre at some stations Thursday, blowing past the previous peak set this summer.
One gas analyst said that’s a new all-time record for North America, and expects prices to continue to rise this week.
Enbridge buys U.S. renewable power project developer Tri Global Energy
Enbridge Inc. has bought Tri Global Energy (TGE), a U.S. renewable power project developer, for US$270 million in cash and assumed debt.
The company will also pay up to an additional US$50 million contingent on successful execution of TGE’s project portfolio.
Europe ramps up energy security after suspected sabotage
BRUSSELS (AP) — European companies are ramping up security around pipelines and energy prices are climbing again as the suspected sabotage of two pipelines that deliver natural gas from Russia underscored the vulnerability of Europe’s energy infrastructure and prompted the EU to warn of possible retaliation.
Some European officials and energy experts have said Russia is likely to blame for any sabotage — it directly benefits from higher energy prices and economic anxiety across Europe — although others cautioned against pointing fingers until investigators are able to determine what happened.
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