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Brussels aims to coordinate gas purchases in bid to lower costs
There are currently 160 storage facilities in the EU that are around 26% full.
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Joe Biden lands in Brussels to send Putin a clear message of Western unity
Biden has been invited to attend a meeting of the European Council to discuss the situation of Ukraine with the 27 member states.
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Ukraine war: What's on Joe Biden's packed agenda in Brussels today?
In what is set to be a busy day, Biden will become the first US president to participate physically at an EU summit.
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EU will slash imports of Russian gas by two thirds by 2023
Brussels aims to replace the supply with LNG from countries like Qatar and the US.
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Motorists react to record high pump prices
Gasoline has never been more expensive, and drivers filling up at a gas station in Toronto this week were more than happy to discuss it. (Photo Credit: Evan Mitsui/CBC)
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Zelenskyy calls for embargo on Russia's oil exports
Ukraine president Volodymyr Zelenskyy called for an oil embargo against Russia on Monday, but how much would an embargo actually hurt Russia?
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German decision on Nord Stream 2 pipeline 'commendable,' says analyst
Germany's decision to suspend the certification process for the controversial Nord Stream 2 natural gas pipeline from Russia, shows the country is 'ready to bear a cost' to preserve peace in Europe, says Orysia Lutsevych, an analyst with...
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Brussels controversially labels gas and nuclear energy as green despite a growing backlash
The European Commission says gas and nuclear will act as "transitional" energy sources before renewables become widespread.
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Brussels unveils plan for 'green' gas and nuclear label
Such a classification allows for a reduction in financing costs, which is crucial for the projects concerned and for the states willing to support them.
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Gas Prices to Rise in 2022 amid Soaring Demand, Omicron Spread
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however,...
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EU wants to phase out natural gas by 2049 to fight climate change
The European Commission has unveiled new plans to promote "low-carbon gasses" and allow joint procurement of supplies.
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Scottish whisky innovation creates gasoline alternative
A Scottish entrepreneur has found a way to take the residue from the whisky-making process and turn it into fuel for your car.
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Europe's energy crisis: Prices drop after Putin orders Gazprom to fill EU stocks
Europe’s gas prices have soared in recent weeks but immediately fell after a call between the Russian president Vladimir Putin and Gazprom.
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Natural Resources minister says he sees a clean future for the oil and gas sector
Natural Resources Minister Jonathan Wilkinson tells Power & Politics he envisions an effective economic pathway to make Canada’s resources sector more environmentally soun
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Global Oil Options Expected to Reach Record Highs
Oil prices are set to soar to record highs as economists project rates of $100 per barrel with Brent Crude Options expected to hit $200 by the end of 2022.
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Alberta temporary halts collecting provincial gas tax
Alberta Finance Minister Travis Toews tells Power & Politics that temporarily halting the collection of the provincial gas tax will give Albertans immediate relief at the gas pumps.
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U.S. Propane Market's Dire Winter Outlook
The U.S. propane market is headed for 'armageddon' this winter, according to the research firm, IHS Markit Ltd. Residential propane prices nationwide are currently at their highest level for the month of October since 2011. It comes amid...
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Canada needs a conversation about phasing out oil and gas production, says climate group
Destination Zero executive director Catherine Abreu says Canada's plan to cap emissions from the oil and gas sector might not be enough to combat climate change. The NGO, which pushes to accelerate the transition away from fossil fuels,...
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Chevron Says It WIll Reduce Operational Carbon Footprint by 2050
Energy company Chevron has set a goal to reduce its operational carbon footprint to net zero by 2050. However, the company has not committed to reducing emissions on its gas and oil products.
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Ukraine anger as Hungary signs gas supply deal with Russia's Gazprom
Kyiv said the deal was a "purely political, economically unreasonable decision" that was taken "to the detriment of Ukraine's national interests and Ukrainian-Hungarian relations".
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Lineups grow, tempers flare amid British fuel supply crisis
The CBC's Tesa Arcilla is in the thick of London traffic and reports on the chaos and anger as Brits hunt down a gas station that actually has fuel.(Jacob King/The Associated Press)
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Why Europe's energy prices are soaring and could get much worse
A combination of market, geographic, and political factors have coalesced into a perfect storm, threatening to derail the economic recovery and hurt household incomes.
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Southeast States Face Critical Gas Shortage, Price Surge in Colonial Pipeline Fallout
Motorists in the southeast U.S. are facing a critical gas shortage following the ransomware attack on the Colonial Pipeline, which stretches from the Gulf of Mexico in Houston to the Port of New York. Patrick De Haan, senior petroleum...
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Long lines at some U.S. gas stations after pipeline cyberattack
Lineups at gas stations in parts of the southeastern U.S. continued days after a cybersecurity attack shut the Colonial Pipeline. Even after operations resumed Wednesday, it's expected to take several days for deliveries to get back to...