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Listen to this article Estimated 5 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. The Trump administration will pay $1 billion US to a France’s TotalEnergies to walk away from …
Read More »Nova Scotia’s ambitious ‘Wind West’ offshore energy plan wins support with conditions
Two leading environmental groups are giving a thumbs up to Nova Scotia’s ambitious plan to dramatically expand its fledgling offshore wind energy industry. But both groups were quick to add caveats. On Monday, Premier Tim Houston said the province’s plan to license enough offshore wind farms to produce five megawatts …
Read More »Biden issues ban on offshore oil and gas drilling in most U.S. waters
President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, a last-minute effort to block possible action by the incoming Trump administration to expand offshore drilling. Biden, whose term expires in two weeks, said he is using authority under the federal Outer …
Read More »Ottawa, province veto $1.5 million Nova Scotia offshore oil exploration bid – Halifax
By Staff The Canadian Press Posted December 5, 2023 10:37 am Descrease article font size Increase article font size A $1.5-million bid for an oil and gas exploration licence off Nova Scotia has been denied by the provincial and federal governments. The bid by U.K.-based Inceptio Limited for a shallow …
Read More »Irving’s offshore split was a race against time — and taxes
Logos for Irving Oil and J.D. Irving Ltd. can be seen on neighbouring properties on Union Street in Saint John. (Carl Mondello/Radio-Canada ) As New Brunswick’s Irving family raced to break up their multibillion-dollar corporate empire more than a decade ago, brothers J.K., Arthur and Jack Irving agreed on at …
Read More »Criminal probe into KPMG offshore tax scheme ends in secrecy
A criminal investigation by the Canada Revenue Agency of KPMG’s use of an offshore tax haven ended more than a year ago without any public announcements, sources have told Radio-Canada. The status of the case is uncertain. The Canada Revenue Agency (CRA) declined to comment on the file, as did federal prosecutors with …
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