Latest News
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Canada talks Keystone XL revival to Trump Administration officials
Canada's Natural Resource Minister Tim Hodgson revealed Tuesday that Canadian officials met with Trump administration representatives in Houston to discuss a?"proposed revival" of a canceled Keystone XL pipeline. Hodgson and Canada's ambassador to the 'U.S.', Mark Wiseman discussed the project proposed by Canadian Pipeline Company South Bow and their U.S. Partner Bridger Pipeline, which could increase Canada’s crude exports into the U.S. Hodgson, in an interview given at the CERAWeek conference by S&P Global, said that Canada is framing the prospect for a new oil pipeline across the border as a means to help the U.S. maintain energy security despite the fact that the war in Iran has disrupted supplies and raised prices for consumers. "Yes, (the ?U.S.) They produce 12-13 million barrels of oil per day. "But they consume 20",?Hodgson stated. They know that Canada makes up about 63%. Donald Trump's tariffs wars and threats of annexation have caused tensions with Canada. Trump has repeatedly called for lower prices of oil, and many U.S. refining companies depend on the approximately 4.4 million barrels per day of Canadian exports sent south of the border. Hodgson refused to confirm whether or not the Trump administration had indicated that it would support the South Bow/Bridger Project, or make any attempts to speed up the U.S. regulatory clearances required. Hodgson said, "I'd say that they (Wright & Burgum) are thoughtfully examining all the options in order to ensure the world has enough oil for it to function." The White House didn't immediately respond to an inquiry for comment. Hodgson also said that he made it clear at the meeting,?that Canada aggressively works to expand its oil sales to non-U.S. market by completing a planned expansion of the Trans Mountain Pipeline which runs from Alberta up to the Pacific Coast. Mark Carney, the Prime Minister of Canada, has been traveling around the world to court new customers for Canadian energy. This is an attempt to reduce the country's dependence on the U.S. We need to sell more to other people, not less, as Prime Minister Harper has stated. Hodgson stated that we need to sell to more people. (Reporting and editing by Ni Williams in Houston, Amanda Stephenson from Houston)
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US claims more than 450 TSA agents have resigned since funding standoff
Since the beginning of the partial government shutdown on February 14, more than 450 Transportation Security Administration (TSA) officers have resigned, causing massive delays at?U.S. airports. The Department of Homeland Security announced on Tuesday that massive delays have occurred at airports across the United States. Around 50,000 TSA agents are not being paid and will miss their second full pay on Friday. On Monday, hundreds of U.S. Immigration agents and Homeland Security Investigations officers deployed to 14 U.S. Airports in order to assist with?security screening. This includes airports that have seen wait times exceeding three or four hours. DHS reported on Monday that nearly 11% or 3,200 TSA officers nationwide did not show up to work. ICE and DHS law enforcement personnel are paid during the shutdown. DHS reported that on Monday, over 30% of TSA employees were absent from New York JFK Airport, Baltimore, Houston Hobby airport, Atlanta, and New Orleans. On Monday, ICE agents were seen walking through the New York LaGuardia terminal and not doing any of the duties that TSA officers would normally perform. In other airports, social media posts showed ICE agents standing next to TSA officers checking ID. DHS rushed to dispatch?ICE agents following a weekend statement by?President Donald Trump that they would be stationed at airports if Democratic legislators?didn't reach a funding agreement. Democrats are 'holding up funding for DHS, while demanding changes to the rules that govern its immigration operations, following the shooting of U.S. citizens Alex Pretti and Renee Good in Minneapolis, sparking outrage from the public. Republicans rejected Democratic proposals for funding TSA as they negotiate ICE reforms. (Reporting and editing by David Shepardson, Rod Nickel; Chizu Nomiyama)
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Delta suspends special treatment to Congressmen as airport chaos increases due to shutdown
Delta Air Lines announced on Tuesday that it would suspend special services to members of Congress due to the partial government shutdown, which has impacted U.S. air travel. Delta suspends special services for members of Congress who fly Delta temporarily due to the impact on resources caused by the government shutdown. Delta's priority is safety. Delta's no. 1 priority is to take care of its people and customers. This has become increasingly difficult in today's environment. Delta, along with other U.S. Airlines, offers special services to lawmakers who travel frequently between Washington and the state and are responsible for overseeing the air travel system of America. The airline has said that members of Congress will not receive airport escorts, VIP treatment, or other'services such as seat upgrades, rebookings, etc.'. However, lawmakers can still make reservations by calling a special number. In recent days, travelers have faced long waits for security screenings due to a rise in resignations and absence rates among Transportation Security Administration workers. These employees have been working without pay since Congress let funding for Department of Homeland Security expire mid-February because of a disagreement over immigration enforcement. Over the objections from TSA workers who claim they are not properly qualified for the job, President Donald Trump 'deployed' immigration agents to more than 12 airports in order to assist with crowd control. Delta CEO Ed Bastian said to CNBC last week it was time "to pay TSA employees". Bastian said, "It is inexcusable," noting that TSA agents were also?forced last fall to miss their paychecks. It's absurd to see them used as political chits. We're outraged."
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Energy Minister: Kazakhstan crude production restored after CPC interruption
Energy Minister Yerlan AKkenzhenov announced on Tuesday that Kazakhstan's crude oil production had been restored - following a disruption in loading at the CPC pipeline in _December and January. Akkenzhenov, speaking on the sidelines of the Conference, said that the country was "very dependent" on the CPC Pipeline and it was important to keep it away from sanctions and attacks. Tengiz, the oilfield that accounts for 40% of Kazakhstan's production, was unable to produce crude oil due to power outages and Ukrainian drone attacks. The minister stated that Kazakhstan now produces 1.7 million barrels of crude oil per day, plus 400,000 barrels a day of natural gas liquids and condensate. He said that Kazakhstan stands to gain from the rising prices due to the conflict in Iran, as 52% its budget is derived from oil revenue. Companies operating there could also invest more money to increase production. Akkenzhenov, a member of OPEC+, said that the country had started drilling deep wells. Four or five are currently underway. Akkenzhenov replied that "we have not had any meetings with OPEC+" when asked if the 'producer group, and its 'allies, could release more barrels amidst the Iran War which has tightened the physical oil market. (Reporting and editing by Nathan Crooks, Ni Williams, and Georgina McCartney in Houston)
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New York's LaGuardia Airport faces a second day of delays and cancellations following a collision
New York's LaGuardia Airport is experiencing significant delays and cancellations for the second day in a row following the fatal collision between an Air Canada Express plane and a firetruck on the runway Sunday night. Federal Aviation Administration has said that it doesn't expect to see one of two runways in New York reopen before Friday. FlightAware, an online flight tracker, reported that 221 flights (20%) had been cancelled and 214 were delayed as of 9:45 am EDT. The FAA warned that major delays would continue throughout the day. Jennifer Homendy, chair of the National Transportation Safety Board (NTSB), said that she will hold a news conference on the investigation later today and reveal'some findings' from the cockpit data recorders and flight data records recovered from CRJ900 jet operated by regional partner Jazz Aviation. The NTSB will interview a controller of air traffic who was dealing with another emergency just before the crash. Air traffic control staffing is a concern at U.S. major airports, following the accident that killed two pilots while seriously injuring nine others. Homendy stated that the collision occurred shortly before midnight Sunday during a controller's overnight shift. U.S. experts in air safety said that communications between the plane landing, the controllers and the trucks will be key areas of the investigation. Multiple factors can cause air crashes. According to separate audio uploaded by liveatc.net an unidentified controller, who appears to have been?the one responsible for the crash?, told another pilot that he was dealing with an earlier emergency. He said, "I'm sorry," in a trembling voice. Four commercial pilots said that air traffic controllers at LaGuardia, as well as other major airports, routinely handled multiple flights. (Reporting and editing by Chizu Nomiyama, Franklin Paul, and David Shepardson)
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Kenya Airways will make a $138 million loss before tax in 2025
Kenya Airways reported a loss before tax of 17.93 billions shillings (138.30 millions) for 2025 due to falling revenues. In 2024, one of Africa's largest airlines suffered a major setback after it made its first profit before tax in more than a decade. The airline's total revenue dropped to 161.47 billion from 188.50 in 2024. Mary Mwenga, Chief Financial Officer of the company, said that the decline in performance was partially due to the temporary grounding of three wide-body Boeing Dreamliner 787-8 jets because of global supply chain constraints. The shilling currency gained more than 20% against the dollar in 2024, which helped the company's?profit.
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FedEx launches same day delivery service amid US Delivery Race
FedEx announced on Tuesday that it had launched a same-day delivery service in partnership with the last-mile software company OneRail. FedEx SameDay Local allows customers to choose from a variety of delivery options, such as two-hour and end-of-day windows. FedEx claims to link 'customers with a nationwide network of over?1,000 delivery providers via a system which matches orders and drivers. This?move is a result of?companies in the sector investing in faster fulfillment and a stronger last-mile network to meet increasing customer demand for quicker, more flexible deliveries. Amazon has expanded its fast delivery options earlier this month by launching one-hour and three-hour shipping across the u.s. FedEx says the new service will allow it to better support its customers, from local fulfillment to long-haul delivery. Reporting by Abhinav Paramar in Bengaluru, Editing by Tasim Zaid
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Reeves: UK will provide energy assistance to 'those in greatest need'
The British Finance Minister Rachel Reeves stated on Tuesday that the government's support to households in order to offset the increase in energy costs caused by the conflict in the Middle East will not compromise her plans to fix the public finances. Reeves said that we should learn from the past mistakes as we deal with this crisis. She said that the Conservative government 'pushed up borrowing rates, inflation and interest rates with its response to the rise in energy prices in 2022 after Russia's full scale invasion of Ukraine. Reeves said she was working to develop a more targeted strategy for households whose?energy costs are expected to rise from July. She said that "continuous planning" is being done for all eventualities to keep costs low for everyone, and to provide support for those in need while adhering strictly to our fiscal rules. Reeves stated that she would be meeting with representatives of supermarkets and banks this week to discuss ways they can help UK consumers. She also said that she asked officials to 'look at where they could cut certain agrifood tariffs in order to help 'keep a lid on the grocery inflation, keeping a mind to any implications for local producers. (Reporting and writing by Muvija, Sarah Young, and David Milliken; diting by Catarina demony).
Germany requires $325 bln of power grid financial investments by 2050, KfW says
Germany requires investments of around 300 billion euros ($ 325 billion) by the middle of the century to equip its power grids for decarbonisation, state bank KfW said on Tuesday.
The necessary growth of renewable resources makes suitable and versatile transmission and distribution networks necessary and needs high financial investment, KfW stated at a capital markets conference at its headquarters in Frankfurt.
The methods for that can not originate from public funds alone however needs to for the majority be mobilised through private investors or the capital market, it included.
The remarks came as more than 150 agents of infrastructure and pension funds, insurance providers, banks and energy companies collected at KfW to discuss financial investment opportunities as Germany pivots far from fossil fuels and towards renewables.
Amongst the individuals at the event are Deutsche Bank CEO Christian Sewing, Allianz CEO Oliver Baete, Uniper CEO Michael Lewis and German Economy Minister Robert Habeck.
Germany intends to be carbon neutral by 2045 and wishes to raise the share of green energy sources in the nation's power mix to 80% by 2030, from majority in 2023.
(source: Reuters)