U.S. Pays $1B to French Company to Cancel Offshore Wind Leases
The Trump administration has agreed to pay French energy giant TotalEnergies $1 billion to relinquish its U.S. offshore wind leases, a major shift in American renewable energy policy.
Category : Energy Sector
Canada's Energy Delivery Race: Time-Limited Global Opportunity
Canada possesses the resources and expertise to become a global energy leader, but must accelerate infrastructure delivery to compete internationally amid shifting markets and geopolitical instability.
Oil Dives on Trump's Iran Talks Claim, Tehran Denies
Brent crude fell sharply after President Trump announced discussions to end the Iran conflict, though Iran denied any talks. The volatile swings mark ongoing turmoil in energy markets.
Toronto Gas Prices Could Soon Hit $2 Per Litre
Turmoil in the Middle East has caused gas prices across Canada to skyrocket, with Toronto potentially seeing $2 per litre soon. Analyst Dan McTeague explains the factors behind the surge.
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NB Diesel Prices Jump 19 Cents Over Weekend
Diesel fuel prices in New Brunswick experienced a sharp increase of nearly 19 cents per liter over the weekend, impacting consumers and businesses across the province.
Goldman Sachs Raises Oil Forecasts on Historic Supply Shock
Goldman Sachs has significantly increased its oil price forecasts for 2026 due to prolonged disruptions in the Strait of Hormuz, described as the largest-ever supply shock for global crude markets.
Aramco CEO Pulls Out of Energy Conference Over Iran Conflict
The chief executive of Saudi Aramco has canceled his appearance at a major international energy conference due to escalating tensions in the Middle East, according to sources.
IEA Chief: Iran War a Major Threat to Global Economy
Fatih Birol, head of the International Energy Agency, cautions that escalating tensions in the Middle East could disrupt oil markets and trigger economic instability worldwide.
Montreal Gas Prices Hit $2 per Litre
Drivers in Montreal are facing steep fuel costs as gas prices hover around $2 per litre, driven by global oil market fluctuations and regional factors.
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West Red Lake Gold Added to GDXJ Junior Gold Miners ETF
West Red Lake Gold Mines Ltd. has been included in the VanEck GDXJ ETF, enhancing its market visibility and investor access in the precious metals sector.
Cuba's Power Grid Collapses Again, Millions in Darkness
Cuba faces a third nationwide blackout this month, with partial restoration in Havana as the aging grid and U.S. sanctions exacerbate an unprecedented energy crisis.
Cuba's Power Grid Collapses Third Time in a Month
Cuba experiences its third nationwide blackout in March 2026, with authorities working to restore electricity amid ongoing grid instability and infrastructure challenges.
First Nations Seek Leadership Role in National Grid Expansion
A new Indigenous organization based in British Columbia is positioning First Nations at the forefront of interprovincial electricity transmission projects, aiming to transform their role from consultation to leadership in what could be Canada's largest in
Cuba's Power Grid Collapses Again, Third Blackout in March
Cuba experienced a total nationwide blackout Saturday, the third in March, as aging infrastructure and a U.S. oil blockade cripple the power grid, disrupting daily life.
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Cuba's Power Grid Fails Again: Second Blackout in a Week
Cuba has experienced its second major nationwide power outage in just seven days, causing widespread disruption and raising concerns about the island's aging electrical infrastructure.
Alberta Premier: No Gas Tax Relief Coming Soon
Premier Danielle Smith states Alberta drivers should not expect tax relief at the pumps despite high fuel prices, with Calgary stations charging up to $1.69 per litre.
Oil Prices and National Security in Focus
As oil prices surge, historical parallels to the 1970s energy crisis emerge, highlighting the interplay between market freedom, government policy, and global threats from regimes like Iran.
Trump's Iran Attack Could Spike Oil and Gas Prices: Expert
A former White House energy advisor claims President Trump's actions against Iran were calculated to drive up global oil and gas prices, amid concerns over limited U.S. options.
Oil Prices Soar Amid Strait of Hormuz Closure, Expert Warns
Former White House energy advisor Bob McNally warns that global oil and gas prices are unlikely to decline soon due to Iran's closure of the Strait of Hormuz, creating a critical energy crisis with limited U.S. options.
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Nova Scotia Diesel Prices Spike Overnight
Diesel fuel prices in Nova Scotia surged overnight, impacting consumers and businesses. This increase occurs alongside national economic developments, including federal job cuts and provincial budget controversies.
Global Oil Shock Ripples Through Canada's Economy
The war in Iran is causing oil price spikes, impacting Canada's economy through rising mortgage rates, airfares, housing market shifts, and gas prices, with expert insights from McGill University and CIBC.
Massive Transformer Powers Up Orillia After Long Journey
A 254,000-pound transformer traveled 2,000 kilometers by truck to reach Orillia, Ontario, enhancing electricity infrastructure for the area. The delivery marks a significant upgrade in local power reliability and capacity.
MAX Power Closes $20.5M Offering Led by Eric Sprott
MAX Power Mining Corp. has successfully closed a $20.5 million private placement, with Eric Sprott as the lead investor. The funds will support natural hydrogen exploration in Saskatchewan.
Qatar Energy Chief Warned of Dangers in Provoking Iran
Qatar's energy minister revealed he had cautioned against actions that could provoke Iran, highlighting escalating tensions in the Middle East and their impact on global energy markets.
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Iran Strait of Hormuz Conflict Spurs Renewable Energy Shift
Geopolitical tensions in the Strait of Hormuz highlight oil supply vulnerabilities, accelerating global investment in wind, nuclear, and other renewable energy sources for energy security.
Manitoba Hydro Rate Increases Approved for Next Three Years
Manitoba Hydro's proposed electricity rate increases for 2026-2029 have been officially sanctioned, impacting residential and commercial customers across the province.
Canada, Japan Top IEA Emergency Oil Release Contributors
Canada and Japan are key contributors to the IEA's coordinated emergency oil release, aimed at mitigating supply disruptions from the Iran war, with increased production from the Americas complementing the effort.
Innergex Names Jean Trudel CEO, Michel Letellier Retires
Innergex has appointed Jean Trudel as President and CEO effective March 2026, succeeding Michel Letellier who retires after nearly 30 years. Trudel, with the company since 2002, will ensure strategic continuity.
Tesla Negotiates $2.9B Solar Equipment Purchase from China
Tesla is reportedly in advanced discussions with Chinese manufacturers to acquire $2.9 billion worth of solar equipment, according to Reuters sources. This move could significantly boost Tesla's solar energy capabilities.
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Iran War Energy Fallout: A Renewable Energy Wake-Up Call
The Iran war's disruption to global energy supplies, including Qatar's LNG, is forcing nations to urgently shift toward renewables like wind and solar to ensure security.
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