Germany may quit Russian oil by late summer
BERLIN — Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of crude oil imports from Russia by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced...
EU energy ministers meet to discuss Russian gas, sanctions
BRUSSELS (AP) — European Union energy ministers will meet Monday to discuss Russia’s decision to cut gas supplies to Bulgaria and Poland, and debate planned new sanctions over Moscow’s war on Ukraine.
TC Energy interested in helping bring nuclear power to oilsands
The head of Canadian pipeline giant TC Energy Corp. says the company sees a future opportunity to get involved in providing small-scale nuclear power for Alberta’s oilsands.
Chief executive François Poirier told analysts on a conference call Friday that TC Energy believes the oilsands are “an excellent use case” for small modular nuclear reactors, or SMRs.
TC Energy reports $358M first-quarter profit compared with loss a year ago
CALGARY — TC Energy Corp. says it earned $358 million in its first quarter compared with a loss of $1.06 billion in the same quarter last year when it took a charge related to the cancellation of its controversial Keystone XL project. The pipeline...
Imperial Oil posts $1.17B first-quarter profit, best in over 30 years
CALGARY — Imperial Oil Ltd. says it posted its highest first-quarter profit in over 30 years as it earned $1.17 billion, boosted by higher oil prices. The company also announced plans to buy back up to $2.5 billion of its common shares. Imperial...
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