Middle East

Canada’s biggest oil companies are cashing in on Donald Trump’s war on Iran, with the four biggest oil sands producers reporting a staggering $13.3 billion in profits in the three months ending June 30. And economist Jim Stanford says Canadian households and businesses are paying the price.

Nearly three dozen countries pledged to pick up the pace on energy efficiency improvements last week, during an International Energy Agency (IEA) conference in Montreal where much of the top-line messaging was about energy security through oil and gas exports—and Canada as a preferred supplier.

Extreme heat kills more people each year than gun violence, says Rob Thornton, president and CEO of the International District Energy Association. That’s one of the reasons district energy “is really surging right now.”

FRANKFURT, Germany (AP) — The tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy. But even as the price of oil dropped Monday, many questions remained about when and how it would start flowing again through the...

Global clean energy, nuclear, grid, and energy efficiency investment will hold steady at US$2.2 trillion this year, while fossil fuel spending will tick up slightly from $1.1 to $1.2 trillion, the International Energy Agency (IEA) concludes in the latest edition of its annual World Energy Investment report.

Speaking at the launch of the US$25-million initiative, Palestinian Prime Minister Mohammad Mustafa said it would support the government’s aim “to increase renewable energy share in Palestine to about 30% by 2030.” The need for greater energy independence is acute: Palestine currently depends on Israel for 87% of its power...

As peace talks drag on and the American-Israeli war against Iran enters its fourth month, environmental advocates are urging attention to yet another bitter consequence of dropping bombs on the world’s largest centre of fossil fuel production: ecosystem-ravaging oil slicks.

Rooftop solar proliferated across Syria as a 14-year civil war damaged the country's electricity systems, but stronger policies around solar power will be needed as the country rebuilds.

From spiking mortgage rates, to exposed pension funds, to Persian Gulf sovereign wealth funds contemplating how to extricate themselves from multi-billion-dollar renewable energy contracts, the American/Israeli war on Iran is sending seismic shocks through financial systems that are fundamental to the present and future wellbeing of hundreds of millions of...

Ship operators rely on a sludgelike substance known as bunker fuel to keep vessels running. The Iran war 's closure of the Strait of Hormuz has choked off the supply of this fuel that powers the global maritime industry and its largest refuelling hub in Asia.

The Organization of the Petroleum Exporting Countries (OPEC) took a serious hit this week when its third-biggest producer, the United Arab Emirates, announced it will leave the global oil cartel May 1.

Across Canada, gas pump prices are the talk of the town. Since the U.S. and Israel launched attacks on Iran at the end of February, the average price of a litre of gasoline in Canada has spiked 45¢—a 34% jump—to over $1.75/litre. Drivers are, understandably, none too happy.

Canada has "a surfeit of investment in technologies of delay that kick the can down the road by 10 or 20 years," solar entrepreneur Mike Andrade tells The Energy Mix in a feature interview.

Fuels used by billions of households to transport, store, and cook food staples, as well as the fertilizers and their fossil-based precursors used to grow those staples, have been hostages to the conflagration in the Gulf and the closure of the Strait of Hormuz.

The war in Iran appeared to be heading toward a turning point over the long weekend, with Israel attacking two major petrochemical plants, Donald Trump threatening massive attacks on the country’s civilian infrastructure, and the Iran regime rejecting a 45-day ceasefire plan brokered by Egypt, Pakistan, and Türkiye.