Author: omc_admin

TORONTO (AP) — Air Canada started canceling flights on Thursday ahead of a possible work stoppage by flight attendants that could impact hundreds of thousands of travelers.A complete shutdown of the country’s largest airline threatens to impact about 130,000 people a day. The union representing around 10,000 Air Canada flight attendants issued a 72-hour strike notice Wednesday. In response, the airline issued a lockout notice.Mark Nasr, Chief Operations Officer for Air Canada, said the airline has begun a gradual suspension of Air Canada and Air Canada Rouge operations.“All flights will be paused by Saturday early morning,” he said.Nasr said this…

By Tsvetana Paraskova – Aug 14, 2025, 8:00 AM CDT The oil price structure is indicating a shift towards oversupply as prompt futures premiums are softening compared to later-dated contracts. Increased supply from OPEC+, Latin America, and Europe is easing backwardation, a market condition typically seen during tight supply. Traders anticipate demand will slow after the peak summer season, and rising supply will likely lead to an oversupplied market in the fourth quarter. The oil price structure has started to slowly shift as prompt futures premiums are softening compared to later-dated contracts, signaling that the market believes supply would…

Netherlands-based insurance and financial services company Achmea’s investment unit, Achmea Investment Management announced the launch of “Achmea IM PE Partnership Fund – Healthy People & Planet 2025,” a new private equity fund aimed at investing in key impact themes including climate, biodiversity, healthy nutrition and good health. Targeted at Dutch pension funds and other institutional investors, Achmea said that the new fund is aimed at providing investors with cost-efficient access to private equity investments that work towards the goal of healthy people in a healthy society. Achmea said that it has set a €250 million (USD$292 million) target size for…

Nearly 240,000 tonnes of unmanaged plastic waste eliminated since 2019, with over 253,000 tonnes recycled or repurposed. Strategy 2030 to focus on large-scale, high-impact programmes in India, Indonesia, and South Africa, each backed by at least US$100 million in financing. Priority initiatives will address systemic barriers to plastics circularity, starting with difficult-to-recycle flexible plastics. The Alliance to End Plastic Waste has released its Progress Report 2024: Evolving for Impact, highlighting measurable progress over five years and unveiling its Strategy 2030 for scaling solutions toward a circular plastics economy. Since 2019, Alliance-backed initiatives have diverted 239,985 tonnes of unmanaged plastic waste…

The government of Canada has announced investments in 33 projects different projects aimed at improving EV adoption. This includes funding the installation of charger networks; freight and logistics projects; plus fleet modernisation. The projects are split into three main categories. The bulk of funding, $9.7m CAD, will go to 23 projects that specifically focus on improving charging infrastructure across Canada. This will see the installation of over 850 chargers through the Zero Emission Vehicle Infrastructure Program (ZEVIP), with the aim of improving access to EV charging in public spaces. Looking at the details, many of these investments seem to be…

Connects 140+ companies across Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, and Turkmenistan to the world’s largest corporate sustainability initiative. Aims to unify regional efforts in corporate governance, SDG implementation, and ethical business practices. Targets investment, transparency, and green growth amid the region’s rapid political and economic transformation. The UN Global Compact has launched the Central Asia Network, a multi-country office uniting over 140 companies across five nations to accelerate sustainable business practices and alignment with the Sustainable Development Goals (SDGs). The initiative will provide companies with tools, training, and global connections to improve corporate governance, foster transparency, and meet rising demands for…

ICVCM endorses Verra’s biochar and improved forest management (IFM) methodologies as meeting Core Carbon Principles for scientific rigor and environmental integrity. Biochar methodology (VM0044) locks carbon away for centuries through responsible production and use in soil and durable products. IFM methodology (VM0045) pioneers the use of dynamic baselines from real-world forest inventory data, replacing static models. Verra’s latest win in the voluntary carbon market comes as the Integrity Council for the Voluntary Carbon Market (ICVCM) approves two of its methodologies — VM0044 Biochar Utilization in Soil and Non-Soil Applications, v1.2, and VM0045 Improved Forest Management Using Dynamic Matched Baselines from…

At 12:01 GMT, Light Crude Oil futures are trading $62.99, up $0.34 or +0.54%. Will U.S. Tariffs on Russian Oil Buyers Upend Supply Chains? Trump’s threat of secondary tariffs on countries purchasing Russian crude—primarily China and India—has raised the risk premium on oil. Analysts at Rystad Energy noted that any outcome tightening Russian oil flows would surprise markets and potentially lift prices. However, others remain skeptical. “Tariffs that drive prices higher risk undermining U.S. domestic goals, and Trump knows it,” said PVM analyst John Evans, signaling the market’s hesitation to price in immediate action. Still, the uncertainty around Friday’s summit…

Good morning.Donald Trump has said he plans to ask Congress for “long-term” control of Washington DC’s police department and signaled that he expects other US cities to change their laws in response to his deployment of national guard troops and federal agents into the capital.In an unprecedented move, Trump this week invoked a clause that allows a 30-day federal takeover of the police department, but will need Congress’s permission to extend it beyond this timeframe. Despite Congress being out of session, the president said he expected to propose the legislation “very quickly”, before alluding to other plans to secure the…

Wildfires raging across Spain have killed a third person as intense heat continues across vast swathes of Europe, forcing overwhelmed governments to call in support from their neighbours.The European Commission said it was sending water-bombing planes to Spain as it struggled to contain deadly blazes, with countries across the Balkans also receiving firefighting support.A volunteer firefighter died after battling a blaze in Castile and León, authorities said on Thursday, after the death of a fellow volunteer in the same region on Tuesday. A man died on the outskirts of Madrid on Monday as he tried to save horses from a…