Category Archives: Economy
B.C. to end fossil fuel subsidies under new oil and gas royalty system
VICTORIA — British Columbia is changing its decades-old royalty system, the fees it charges companies to extract publicly owned oil and gas, in an effort to align with provincial climate goals. Premier John Horgan said the "broken system" of fossil-fu...
Nova Scotia’s finance minister ruling out cut to gasoline taxes as prices rise
HALIFAX — Nova Scotia’s finance minister says that as gas and food prices continue to soar, the province is working on another targeted package of relief for those with lower incomes. However, Allan MacMaster says the government is currently ruling out...
GOP directs culture war fury toward green investing trend
SALT LAKE CITY (AP) — Republicans are coming out swinging against Wall Street's growing efforts to consider factors like long-term environmental risk in investment decisions, the latest indication that the GOP is willing to damage its relationship with...
Fed nominee Michael Barr calls inflation ‘far too high’
WASHINGTON (AP) — President Joe Biden's pick to be the Federal Reserve's top banking regulator pledged Thursday to help reduce high inflation and provide “clear rules” to govern financial innovation.
Biden forest plan stirs dispute over what counts as “old”
BILLINGS, Mont. (AP) — President Joe Biden's order to protect the nation’s oldest forests against climate change, wildfires and other problems devastating vast woodlands is raising a simple yet vexing question: When does a forest grow old?
House passes bill to crack down on gasoline ‘price gouging’
WASHINGTON (AP) — A closely divided House approved legislation Thursday to crack down on alleged price gouging by oil companies and other energy producers as prices at the pump continue to soar.
Finland brewery launches NATO beer with ‘taste of security’
HELSINKI (AP) — A small brewery in Finland has launched a NATO-themed beer to mark the Nordic country’s bid to join the Western military alliance. Olaf Brewing's
Pro-Russian hackers spread hoaxes to divide Ukraine, allies
As Ukrainians flooded into Poland earlier this year to flee Russian invaders, a hacking group aligned with the Kremlin sought to spread rumors that criminal gangs were waiting to harvest the organs of child refugees.
FDA head: Baby formula factory could reopen by next week
WASHINGTON (AP) — The head of the Food and Drug Administration told lawmakers Thursday that a shuttered baby formula factory could be up and running as soon as next week, though he sidestepped questions about whether his agency should have
Sri Lanka limits foreign currency holdings amid crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months, the central bank announced Thursday, as
