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Canada’s New Energy Chief Tim Hodgson Pushes Oil Sands to Build Carbon-Capture Systems

An oil sands mining facility near Fort McKay, Alberta. Canada’s new energy minister, Tim Hodgson, prioritizes building carbon-capture systems for the oil sands and increasing crude and natural gas exports. Summary by Bloomberg AI Hodgson emphasizes the need for responsible oil production, infrastructure development, and diversification of energy exports beyond the US, highlighting the Pathways …

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Saudi Aramco Considers Asset Sales to Free Up Funds, Sources Say

(Reuters) – Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it pursues an international expansion and weathers lower crude prices. Aramco  is the world’s largest oil-producing company and the main source of Saudi state revenue. The firm will slash dividend payouts by nearly …

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Trump to Sign Nuclear Power Orders Energy Chief Wright Says

May 23 (Reuters) – U.S. Energy Secretary Chris Wright said that President Donald Trump will sign executive orders on Friday aimed at boosting nuclear power. Reuters reported on Thursday that Trump would sign orders that aim to jumpstart the nuclear energy industry by easing the regulatory process on approvals for new reactors and strengthening fuel …

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BlackRock Says Coal Competition Case Risks US Energy Independence

By Simon Jessop LONDON, May 23 (Reuters) – U.S. government support for a “baseless” case alleging asset managers conspired to reduce competition in the coal sector risks undermining its goal of energy independence, BlackRock (BLK.N), the world’s biggest asset manager, said on Friday. The U.S. Department of Justice and Federal Trade Commission on Thursday filed …

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