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Power Corporation of Canada’s sustainability-focused alternative asset management subsidiary Power Sustainable announced the launch of Power Sustainable Decarbonization Private Equity, a new strategy aimed at investing in middle-market companies that help future-proof critical sectors of the North American economy. The firm announced that it has already raised more than $330 million in commitments for the new strategy, with investors including Canada Life, Export Development Canada (EDC), Fonds de solidarité FTQ, and Power Corporation of Canada. The strategy will invest in sectors including energy, industrials, transportation, and the built environment, targeting established companies in the U.S. and Canada with the scale…

WTI/CL Technical Analysis The light sweet crude oil market has fallen pretty significantly during the trading session on Monday, but it does look like we are trying to turn things back around and show signs of life. Ultimately, I do think this is a market that given enough time, we probably will try to test the $60 level, which I think will be a barrier. Keep in mind, this has been an extraordinarily negative market. And I think that probably continues to be the major issue here. The $60 level might be a nice shorting opportunity, but in the short…

U.S. crude oil supply will rise more slowly than expected for the rest of 2025 and in 2026 and peak as early as this year, as WTI benchmark prices below $60 per barrel are testing the breakeven point of shale production, energy flows intelligence firm Kpler said on Monday.Oil prices have slipped by more than 15% since the beginning of April as the market fears recessions from the U.S. tariffs and oversupply from the aggressive production hikes from OPEC+. Prices dipped early on Monday after the OPEC+ group decided on Saturday to raise collective output by 411,000 barrels per day (bpd), nearly…

Chemicals and materials science giant Dow and Google’s breakthrough technologies initiative, X The Moonshot Factory, announced the launch of a new partnership aimed at improving the circularity of hard to recycle plastics such as films and flexibles, by using AI technology in recycling systems. According to the companies, the new collaboration comes to address a key challenge to improving plastics circularity, with films and flexibles – which are becoming increasingly common due to their ability to protect perishable products such as food – often composed of different types of plastics and used together with other materials, making them difficult to…

Two men who say they are being failed by the UK’s flawed response to climate breakdown are taking their case to Europe’s top human rights court.Doug Paulley and Kevin Jordan say their lives have been ruined by the rising temperatures and extreme weather caused by the climate crisis, and that the government’s response fails to respect their human rights.UK courts have so far rejected their efforts at forcing the government to rethink its approach, and so they are taking their case to the European court of human rights (ECHR), where they will try to convince judges that their fundamental rights…

Mumbai: Shell, Reliance Industries (RIL), and Oil and Natural Gas Corporation (ONGC) – the Panna-Mukta and Tapti (PMT) joint venture (JV) partners – on Monday said they have successfully completed the country’s first offshore facilities decommissioning project with the safe removal of mid and south Tapti field facilities.According to the official press release, the milestone project involved removal of five wellhead platforms, associated infield pipelines, load-in at the onshore dismantling yard and the safe plugging and abandonment of 38 wells — all executed in line with the approved decommissioning plan. The production from the Tapti fields ceased in March 2016.…

Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.US oil and gas group Sunoco has struck a $9.1bn deal to buy Canadian rival Parkland in a cross-border transaction that will create the biggest fuel distributor in the Americas during a sensitive time for relations between the two countries. Under the terms of the deal announced on Monday, Parkland shareholders will receive C$19.80 ($14.32) a share and the remainder in Sunoco stock, equivalent to about one Sunoco share for every 3.4 Parkland shares. The takeover values Parkland at a…

A group of 30 investors* representing $1.6 trillion in assets under management, led by responsible investing NGO ShareAction, called on HSBC at its AGM on Friday to restate its net zero commitments, noting that recent moves by the bank have created “deeply concerning signals” around its climate priorities. The investor statement follows an announcement by HSBC earlier this year of a decision to push back its 2030 target to achieve net zero emissions in its operations and supply chain by 20 years to 2050, and that it is placing its interim targets to reduce financed emissions in key carbon-intensive industries…

Plus: Elon Musk runs out of ideas to save Tesla; cheaper, domestically sourced lithium-sulfur batteries Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. Downtown Los Angeles shrouded by smog in 1956.Getty Images California has had the nation’s toughest air pollution rules for decades for a simple reason: the most densely populated part of the Golden State has the nation’s dirtiest air, the result of vast numbers of cars and trucks, a dry climate and mountains that prevent exhaust from dissipating. For that reason, since 1967, the…

Cargo theft remains a persistent threat to the logistics industry, with incidents becoming more sophisticated and harder to stop. Milan Luketic, Chief Technology Officer at Birdseye Security Solutions, believes AI-powered surveillance can help flip the script—detecting threats early, streamlining gate operations, and potentially stopping crimes before they happen. In this Q&A, Luketic explains how AI is reshaping facility security and why it might be more cost-effective than hiring human guards. What’s RelatedSupply Chain 24/7: Cargo theft is a growing concern in transportation and logistics. From your vantage point, why is this still such a persistent issue? Milan Luketic: Cargo theft has been…