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Business News

  • California is ready to pull the plug on gas vehicles

    SACRAMENTO, Calif. - California will ban the sale of new gasoline-powered passenger cars and trucks in 15 years, Gov. Gavin Newsom announced Wednesday, establishing a timeline in the nation's most populous state that could force U.S. automakers to shift their zero-emission efforts into overdrive.
  • Feds OK natural gas pipeline expansion in Pacific Northwest over environmentalist protests

    PORTLAND, Ore. (AP) — Federal regulators on Thursday approved the expansion of a natural gas pipeline in the Pacific Northwest over the protest of environmental groups and top officials in West Coast states, who said it goes against the region’s plans to address climate change and could pose a wildfire risk.
  • California moves to end sales of new gas-powered cars

    SACRAMENTO, Calif. - California will halt sales of new gasoline-powered passenger cars and trucks by 2035, Gov. Gavin Newsom announced Wednesday, a move he says will cut greenhouse gas emissions by 35% in the nation’s most populous state.
  • Abu Dhabi summit: Oil production cuts may be necessary

    ABU DHABI, United Arab Emirates - OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as 1 million barrels of oil a day, to rebalance the market after U.S. sanctions on Iran failed to cut Tehran's output, Saudi Arabia's energy minister said Monday.
  • As Canada's first oilsands mine nears 50-year mark, site a contrast of old, new

    FORT MCMURRAY, Alta. - Nearly 50 years after the opening of Canada's first major oilsands mine, the site on the banks of Alberta's Athabasca River is an epicentre of energy, teeming with bustling workers amid signs of its pioneering past and cutting-edge future.
  • Gov't to begin seismic surveys in Atlantic in drilling push

    WASHINGTON - The Trump administration said Wednesday it is moving forward on seismic surveys in the Atlantic Ocean, the first step toward offshore drilling in a region where it has been blocked for decades.
  • Oklahoma tribe sues oil companies in tribal court over quake

    OKLAHOMA CITY - An Oklahoma-based Native American tribe filed a lawsuit in its own tribal court system Friday accusing several oil companies of triggering the state's largest earthquake that caused extensive damage to some near-century-old tribal buildings.
  • Wildfire resiliency built into oilsands projects, experts say

    CALGARY - Wildfires that ravaged some neighbourhoods in Fort McMurray and forced 80,000 to flee the city two weeks ago are now chewing through the wilderness further north, where major oilsands projects are located. A 665-unit work lodge has burned down and two more are under threat. But experts and officials say they aren't expecting serious harm to the oil-producing facilities themselves. Here's why:
  • It's the last scene for LA's last great junkyard, site of countless movies, TV shows and props

    LOS ANGELES, Calif. - It's not just a junkyard — or even a really big junkyard — but a living, breathing monument to Los Angeles pop culture. And now it's headed for the dustbin of history itself.
  • US manufacturing output rose last month for first time in 3 months in sign of factory rebound

    WASHINGTON - U.S. manufacturing output rose in October for the first time in three months as factories cranked out more steel, cars and computers.

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