Tesla shares down 3.5 per cent Monday Tesla shares were down by 3.5 per cent on Monday after the company’s CEO Elon Musk warned that the EV maker is facing “manufacturing hell” as it begins to ramp up production of its $35,000 Model 3 sedan. The California-based automaker is counting on the Model 3 to […]
Tesla shares down after Musk’s ‘manufacturing hell’ warning Read More »
Audi looks to move on from emissions scandal A report by Reuters says Audi is looking to cut costs by €10 billion euros by 2022 to help the German automaker make the shift into electric cars. Sources close to the German automaker says Audi is planning to offer five new all-electric models to market in
Audi to cut €10 billion to fund electric-car push – Reuters Read More »
Hedge funds cut short positions in crude from 510 million barrels to 231 million barrels By John Kemp LONDON, July 31 (Reuters) – In recent weeks short covering, rather than long building, has driven oil prices higher, which suggests fund managers are becoming less bearish about prices rather than more bullish. Hedge funds and other money managers
Column: Hedge fund short covering lifts oil prices Read More »
Oil prices steady as US production down, drilling slows On Monday, oil prices rose slightly as investors hopes were boosted on news of possible US sanctions against Venezuela as well as a meeting next week where some OPEC supply cut participants will meet to discuss improving compliance with the deal. Investors are also keeping a
Oil prices drop slightly, remain near two-month high Read More »
13 DC fast charge stations included in rollout through December 2018 In recent years, there’s been a smattering of electric vehicle and hybrid-electric cars showing up in the southeast corner of B.C. A Chevy Volt in Kimberley, a couple more in Fernie. Four Nissan Leafs and a couple Volts in Nelson, and a few Teslas
Kootenays to go big on fast charging system for electric vehicles Read More »
Canada exported $62.3 billion of oil/gas in 2016, just behind vehicles at $64.3 billion By Glen Hodgson, senior fellow, Conference Board of Canada Donald Trump’s election agenda promised to challenge the existing U.S. political and economic order – that’s what his populist political base voted for. But while Mr. Trump promised to make America great again,
Consequences of Trump disruption becoming clearer as NAFTA talks set to begin Read More »
Containing health spending (48% of provincial expenditures) key to Alberta achieving deficit-reduction target A slow rebound in royalties and corporate tax revenues will help shrink Alberta’s deficit over the coming years, according to the Conference Board of Canada. But the process will be slow and the deficit is expected to remain around $6.8 billion by
BC media habitually reports on energy news stories without interviewing energy economists, Pacific NorthWest LNG just latest example Are John Horgan and the BC NDP responsible for Petronas’ decision to cancel the $27 billion Pacific NorthWest LNG project? One would certainly think so after reading the bilious commentary since the Malaysian company made its decision
The fossils documented will be submitted to Royal Tyrrell Museum in Drumheller It seems every year, miners at Syncrude and other oil sands operations are finding more proof that northeast Alberta was once a sea, according to a press release. Just a few short months after the company celebrated the 25th anniversary of the first
Fossil discoveries at Syncrude oil sands mine becoming a regular occurance Read More »
Keystone XL approved by Trump in March TransCanada says that by December it will make the final investment decision on the proposed Keystone XL pipeline, the controversial pipeline project that would carry Alberta oil sands crude to the Gulf of Mexico. The December deadline announcement is the first statement by the Calgary-based company on the
TransCanada to make final decision on Keystone XL by December Read More »
