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Embracer Group announces its intention to spin off Fellowship Entertainment on Nasdaq Stockholm
INSIDE INFORMATION: The Board of Directors of Embracer Group AB (“Embracer Group”) today announces the intention to separate the group into two publicly listed companies, through the spin-off of Fellowship Entertainment with a listing on Nasdaq Stockholm planned for calendar year 2027. The main rat…
Marc Rowan accused of misusing Apollo resources for political work
Chief executive of private capital group used company email and staff for lobbying, unions say
Big Europe and Asian private equity health funds merge to defy AI disruption
Global Healthcare Opportunities and CBC Group say $21bn investment manager will be world’s largest in sector
Pickleball and pizza: BTS’s Bay Area tour boosts local businesses
(KRON) — Members of global K-pop supergroup BTS were recently spotted playing pickleball in Campbell and grabbing pizza in Redwood City, leading to a significant increase in attention and cus…
Casper business group asks City Council to adjust open container zone
CASPER, Wyo. — The Downtown Casper Business Association pressed the City Council on Tuesday to adjust open container boundaries, calling current limits
Roanoke focus group wraps up Entertainment District talks; Berglund Center needs $30M+ in repairs
he Roanoke Entertainment District focus group met for the final time to discuss what comes next for the city’s performance and sports venue, the Berglund Center, as leaders weigh major repairs and long-term plans for the facility.
ROSEN Wins Business Innovation Award for NIPA at the Gas Industry Awards 2026
The ROSEN Group is proud to announce that its “Non-Intrusive Pipeline Assessment” (NIPA) service has been honored with the Business Innovation Award at the prestigious 2026 Gas Industry Awards. The awards ceremony, organized by the Institution of Gas Engineers & Managers (IGEM) and the Energy & Utilities Alliance (EUA), took place on May 13, 2026, in London.
T. rex’s tiny arms may have evolved for a surprisingly brutal reason
Why did T. rex have such tiny arms? Scientists now think it’s because its giant head became the ultimate hunting tool. Across multiple dinosaur groups, stronger skulls and crushing jaws evolved alongside shrinking forelimbs, especially in predators hunting enormous prey. In other words, once the bite became deadly enough, the arms may have stopped mattering.
New leadership fight between Democrats grows in Brooklyn
An insurgent political group is trying to take over party leadership.
PMI Entertainment Group seeks part-time employees for Packers games, Lambeau Field events
Part-time employees are needed for Green Bay Packers home games and events at Lambeau Field.
2026 National Defense Science and Engineering Graduate (NDSEG) Fellowship Award
Undergraduate senior biochemistry student Lillian Ott (Mohanty group) has been awarded the 2026 National Defense Science and Engineering Graduate (NDSEG) Fellowship, one of the country’s most prestigious honors for graduate students in the fields of Science, Technology, Engineering and Math (STEM). The program, jointly sponsored by the U.S. Army, Navy, and Air Force, supports doctoral students across a broad range of scientific and technological fields of strategic importance. This highly competitive fellowship provides full tuition, fees, and a monthly stipend for three years. In 2026, only 102 fellowships were awarded nationwide. Lillian also received an honorable mention for the prestigious National Science Foundation (NSF) Graduate Research Fellowship Program (GRFP). Studying biochemistry at UCLA, Lillian became excited about how her physical science background could be applied to solve environmental issues. She joined the Subsurface Engineering Analysis Laboratory (SEA Lab) led by Professor Sanjay Mohanty in the Samueli’s Department of Civil and Environmental Engineering. In the SEA lab, she has studied the fate and transport of per and polyfluoroalkyl substances (PFAS). PFAS are ubiquitous “forever chemicals” and known carcinogens that impact water quality worldwide. This fall, she will begin her Ph.D. in Civil and Environmental Engineering at Stanford University with Professor Nina Zhao. Her research will be focused on metabolomics and the discovery of unrecognized chemical determinants of environmental and human health. “I have seen the serious and unforeseen environmental and health consequences from man-made chemicals like PFAS and microplastics, which are often only appreciated after the damage has been done. I hope that my research can lead to more sustainable chemical design and inform policy and solutions-based innovation in public health and water quality engineering,” Lillian said. Penny Jennings, UCLA Department of Chemistry & Biochemistry, penjen@g.ucla.edu.
Trump shows reporters ballroom construction site as lawmakers balk at $1B for White House security
President Donald Trump is defending the White House ballroom he's building. He showed off the construction site to a group of reporters on Tuesday.
NAACP calls for boycott of Southern college sports programs over voting rights
The NAACP is calling on Black athletes and fans to boycott the athletic programs of public universities in states that are taking steps that the nation’s oldest civil rights group says are restricting Black voting rights.
Team-based care improves blood pressure control
A team-based approach including home blood pressure monitoring and health coaching reduced blood pressure in a high-risk group.
Legal, business groups push back on arbitration-reform bill now before Polis | The Sum and Substance
The bill seeks to limit consumer and employee costs with arbitration, disqualify some arbitrators and force losing parties to pay up.
Sony Launches $650 Headphones Made With Steel and Vegan Leather
Sony Group Corp. introduced a $650 pair of high-end wireless headphones, setting a new ceiling for the company in a segment that has already grown more pricey in recent years.
Entertainment District Focus Group meets for the last time
ROANOKE, Va. (WFXR) – The Berglund Center is awaiting an upgrade, but the city is just not sure what the upgrade will be yet. That’s why Roanoke City Council Member, Phazhon Nash, organ…
NAACP calls for boycott of Southern college sports programs over voting rights
The NAACP is calling on Black athletes, alumni, fans and the general public to boycott the athletic programs of public universities in states that aim to redistrict longtime Black lawmakers.
PWHL goes the way of San Jose in adding a fourth expansion team and growing to 12 overall
San Jose has landed a pro women’s hockey franchise with the PWHL completing its ambitious four-team expansion process with a first entry into California.
Globavend Welcomes Pictureworks CEO to Lead Its AI-Driven Entertainment Business
PERTH, Australia, May 19, 2026 (GLOBE NEWSWIRE) -- via IBN -- Globavend Holdings Limited (NASDAQ: GVH) (“Globavend” or the “Company”), an emerging e-commerce logistics provider and digital entertainment company, today announced the appointment of Fuk Yan Tse, known as Sharon Tse (“Ms. Tse” or “Sharon”), as Chief Executive Officer of Loomi Group, the operating arm of the Company’s digital entertainment business. This newly created position follows the Company’s transformational move into the digi
Sights from Sports Business Awards: Tech
Check out some sights from Monday’s Sports Business Awards: Tech ceremony at the Hard Rock Hotel in N.Y.
Goldman Sachs, Moelis Say Business as Usual Amid Iran Conflict
Goldman Sachs Group Inc.’s international co-heads say the turbulent start to the year has done little to deter clients, underscoring Wall Street’s bullish outlook despite events like the Iran war.
Blanche will face questions from lawmakers over a nearly $1.8B fund to compensate Trump allies
Acting Attorney General Todd Blanche appears on Capitol Hill for his first congressional testimony since taking over at the Justice Department.
Britain Business
Small business representatives, British Business Secretary Peter Kyle, and British Prime Minister Keir Starmer, centre right, pose for a group photo as Starmer hosts a reception to mark the introduction
Stellantis to push US revival, brands and Chinese deals in high-stakes pitch to investors
Stellantis' CEO Antonio Filosa will outline a new long-term strategy to investors on Thursday with a focus on reviving crucial U.S. sales, tightening the group's sprawling portfolio, and leveraging tie-ups with Chinese firms.
What to watch in Tuesday's primaries as Trump's endorsement is put to the test
Is there a future in politics for Republicans who buck President Donald Trump.
What to watch in Tuesday's primaries as Trump's endorsement is put to the test
Is there a future in politics for Republicans who buck President Donald Trump.
Former leader of major Durham political group indicted on embezzlement charges
Cassandra Stokes, former chair of the Durham Committee on the Affairs of Black People, is accused of misappropriating nearly $75,000.
‘Barbie Girl’ pop group Aqua calls it quits after three decades
The 90s Danish-Norwegian pop band Aqua, known for its hit song “Barbie Girl,” is calling it quits after 30 years, the group announced Monday. “After many incredible years, we have decided to close …
Michigan health officials warn of rising Salmonella outbreaks linked to backyard poultry
Michigan health officials are reporting an increase in Salmonella infections linked to three multistate outbreaks tied to contact with backyard poultry, particularly baby chicks and ducklings.
Political group sues Missouri officials over pressuring county clerks
People Not Politicians is seeking a court injunctive to stop state officials from pressuring county election authorities to use a gerrymandered congressional map.
Which Rams players have most to gain during OTAs?
Puka Nacua headlines a group of Rams players entering OTAs with contracts, roster spots, and starting roles on the line
TXSE pulls from Jane Street, blockchain, D-FW business for new leaders
The upstart exchange announced its board of directors, while its parent company TXSE Group named a CFO.
Trump is losing his grip on his most important demographic
If there’s one demographic group that is synonymous with President Donald Trump’s political rise — and his later rebirth — it’s the White voter without a college degree.
What is Trump’s $1.776 Billion ‘Anti-Weaponization’ Fund?
The Trump administration is creating a $1.8 billion fund to compensate people it says were wronged by the federal government, a group that could be largely made up of the president’s allies.
Memphis retailer Outdoors Inc. to close after 52 years in business
The store sold everything from paddling gear to skis, bikes and more. A going out of business sale is now active.
Training Naturalists Behind Prison Walls
A kestrel swoops to grab a smaller bird on the wing and eats it, right in front of a group of men in the garden at California Health Care Facility, or CHCF, a prison in Stockton, where the garden has become both a thriving ecosystem and a science classroom for people incarcerated there. As the feathers fly, UC Davis researcher Laci Gerhart pulls out a bird guide and shows the incarcerated men how to identify the bird by its size and coloration, noting that kestrels are North America’s smallest raptor and one of the few that are sexually dimorphic.
Children’s Colorado must resume care to transgender plaintiffs, state Supreme Court rules by 5-2
The Colorado Supreme Court, by a 5-2 vote, ordered Children’s Hospital Colorado on Monday to resume providing certain medical services to a group of transgender plaintiffs, which it had ceased in the face of funding threats from the federal government last year. The unusual appeal before the Supreme Court stemmed from a trial judge’s rejection […]
Millennials Are Gonna Lose It Over the Latest 90s Boy Band Added to the Nostalgia-Filled AMAs Lineup
The group joins Hootie & the Blowfish, Katseye, Keith Urban and more with Queen Latifah hosting at the MGM Grand Garden Arena.
Public Health Law and Policy Experts Urge Secretary Robert F. Kennedy Jr. to Reject the Latest Effort to Destabilize Childhood Vaccines | Milken Institute School of Public Health | The George Washington University
In comments filed on May 19th, a group of public health and administrative law scholars urged HHS Secretary Robert F. Kennedy Jr. to reject a petition seeking to dramatically expand the scope of the National Childhood Vaccine Injury Act of 1986.
The Revivalists announce 2026 U.S. run: How to secure the best ticket deals before they are gone
The group’s upcoming schedule of live performances officially kicks off this month with two Tennessee shows. Following the two May appearances, the band will travel across the states hitting several concert halls and amphitheaters.
UnitedHealth Group stock slides after Berkshire Hathaway exits position in the health insurer
UnitedHealth stock tumbled after Berkshire Hathaway revealed it sold its entire state of health insurer
AP Decision Notes: What to expect in Oregon’s primaries
Oregon’s Democratic Gov. Tina Kotek and the nearly two dozen challengers hoping to defeat her are among the candidates on the ballot in Oregon's primary.
AP Decision Notes: What to expect in Kentucky’s primaries
One of President Donald Trump’s most vocal critics within the Republican Party faces a tough primary challenge in Kentucky’s state primary.
AP Decision Notes: What to expect in Alabama's primaries
Alabama voters will choose nominees for U.S. Senate, governor and a full slate of state and local offices.
AP Decision Notes: What to expect in Georgia's primaries
Voting will conclude in the swing state of Georgia in competitive primaries for governor and a U.S. Senate seat that could decide control of the closely divided chamber.
AP Decision Notes: What to expect in Pennsylvania’s primaries
Pennsylvania Democrats will pick nominees to unseat a trio of vulnerable Republican members of Congress in a state primary on Tuesday.
Baidu beats first-quarter forecasts as AI business drives strong growth (BIDU)
Baidu (NASDAQ:BIDU) shares climbed more than 2% in premarket trading on Monday after the Chinese technology group delivered first-quarter revenue and earnings ahead of market expectations, supported by rapid expansion in its AI-related operations. AI-powered business becomes major revenue contributorThe company reported quarterly revenue of 32.
US states reject anti-vaccine bills as public health groups fight MAHA
Dozens of state anti-vaccine bills backed by "Make America Healthy Again" supporters have failed after public health groups won over Republican state lawmakers, marking a series of defeats for the backers of Health Secretary Robert F. Kennedy Jr.
Zegna chair says Middle East business situation is improving
Italian luxury menswear group Ermenegildo Zegna has registered an upturn in Middle East business in recent weeks after disruption caused by the Iran conflict and expects the recovery to be complete after the summer, its executive chairman said.
GTA 6 Pre-Orders Set To Arrive Today As PS5 Store Updates Early
Reports claim six initial versions will be revealed.
Iconic rock group’s founding member dead at 76: ‘Faced illness with remarkable strength’
The New Jersey native co-founded Dr. Hook and the Medicine Show in 1969 and had announced his retirement from touring just months before his death.
Philippine senate convenes as impeachment court to try vice president as political storm rages
The Philippine Senate has convened an impeachment court for Vice President Sara Duterte over criminal charges.
Philippine senate convenes as impeachment court to try vice president as political storm rages
The Philippine Senate has convened an impeachment court for Vice President Sara Duterte over criminal charges.
‘It’s not supposed to look like you’re going to dive in’: Historians criticize Trump’s Reflecting Pool makeover as group sues
Workers with boots dyed an “American Flag Blue” have painted over about two-thirds of the iconic Lincoln Memorial Reflecting Pool, covering the dull gray with bright azure following a directive by President Donald Trump to expedite the pace of the project.
Markel introduces new media and entertainment coverage to professional liability offerings
Markel, the insurance operations within Markel Group Inc., has expanded its professional liability offerings for insurance protection against
Redistricting debate shifts to South Carolina as Republicans seek clean sweep of US House seats
A debate over congressional redistricting is shifting to South Carolina.
China Politics
China's Foreign Minister Wang Yi, center, looks on as diplomats and staff members gather for an official group photo following the presentation ceremony for the ministry's Outstanding Diplomat Medal in
Five Points businesses say IRONMAN road closures hurt access, customers; city promises better communication
Jacksonville’s first-ever IRONMAN brought nearly 2,000 competitors to a route spanning parts of Duval and St. Johns counties this weekend, drawing crowds downtown, and prompting widespread complaints about traffic, road closures and access issues in neighborhoods like Riverside’s Five Points.
TEEMA global science park plan takes shape with Mexico leading
The Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) is moving ahead with its global science park strategy, and Mexico's Sonora has emerged as the leading candidate for an early launch, TEEMA chairman Young Liu said before the group's 27th general assembly on May 15, 2026. Liu said Sonora has the strongest chance of becoming the first site because talks began earliest there and field inspections have already been carried out three times, putting it well ahead of other candidate locations.
Detroit Lions UDFA: CB De'Shawn Rucker injury report
Detroit Lions UDFA De'Shawn Rucker joins the franchise's cornerbacks group. What's his injury history look like?
Cassidy tried to get along with Trump after his impeachment vote. Retribution came anyway
It was a hurdle too high for Bill Cassidy to clear.
Cassidy tried to get along with Trump after his impeachment vote. Retribution came anyway
It was a hurdle too high for Bill Cassidy to clear.
Cate Blanchett laments that the #MeToo movement 'got killed very quickly' in Hollywood
Cate Blanchett says that the #MeToo movement “got killed very quickly” in remarks at the Cannes Film Festival.
Frequent museum visits tied to reduced cellular aging, research finds
People who regularly visit museums or engage in creative activities may age more slowly on a biological level, according to a new UK research study.
In Cannes standout 'Fatherland,’ Sandra Hüller stuns again
The full range of Sandra Hüller’s talent is on full display this year in four films that run from big to small.
Israeli private equity firm David Group launches to invest in mature businesses
David Group, founded by Stella Cohen and chaired by former Goldman Sachs partner Raanan Agus, will focus on financial services, defense, industrials, and tech-enabled business services.
Bulgaria gives its Eurovision winner Dara a grand welcome upon her return home
Hundreds of cheering fans waving Bulgarian flags have welcomed Eurovision Song Contest winner Dara upon her return home.
Bulgaria gives its Eurovision winner Dara a grand welcome upon her return home
Hundreds of cheering fans waving Bulgarian flags have welcomed Eurovision Song Contest winner Dara upon her return home.
Business People: General Mills veteran Dana McNabb named COO
General Mills, Golden Valley, announced that Dana McNabb has been promoted to chief operating officer, effective June 1. MONO, a Minneapolis- based ad agency, announced the return of Jeffrey Gorder as CEO. Pope Design Group, St. Paul, announced the addition of Sara Rapp as northern Minnesota market lead, based in Duluth.
France's Publicis to buy US data firm LiveRamp in $2.2 billion
French advertising group Publicis Groupe has agreed to acquire U.S. data collaboration company LiveRamp for a total enterprise value of about $2.2 billion in an all-cash deal, it said on Sunday.
Pro-Israel groups are spending big to sink Thomas Massie in the most expensive House primary in history
“AIPAC’s views on Thomas Massie are no secret,” the group's spokesman said. “We use different tactics in different districts. Our goal is to win.”
Trump administration promote program to check voter eligibility. Critics fear a midterm purge
The Trump administration has run the names of at least 67 million voters through government databases as it looks for noncitizens and people who've died.
Trump administration promote program to check voter eligibility. Critics fear a midterm purge
The Trump administration has run the names of at least 67 million voters through government databases as it looks for noncitizens and people who've died.
New Orleans novelist draws on his experience in group homes for new novel
Joe Bond’s debut novel draws on his youth around group homes in Kentucky, portraying troubled teens’ lives in care during the 1980s.
Friendship, family, relationship breakups over politics all rising, new study finds
Politics in America is no longer just dividing voters at the ballot box... it may also be wrecking group chats, family dinners, and lifelong friendships.
Korea’s SK Siltron receives $544 mn loan from DOE for wafer investment
Doosan Group is set to close a deal to acquire 100% of SK Siltron Co., a roughly 5.5 trillion won ($3.7 billion) transaction that would recast the South Korean
WHO declares global health emergency over Ebola outbreak in Congo and Uganda
WHO Director-General Tedros Adhanom Ghebreyesus has declared the Ebola disease outbreak in Congo and Uganda a public health emergency of international concern after more than 300 suspected cases and 88 deaths.
WHO declares global health emergency over Ebola outbreak in Congo and Uganda
WHO Director-General Tedros Adhanom Ghebreyesus has declared the Ebola disease outbreak in Congo and Uganda a public health emergency of international concern after more than 300 suspected cases and 88 deaths.
As electric bills rise, some states are focusing on the growing profits of utilities
The artificial intelligence boom is leading to fights in some states over growing utility profits.
As electric bills rise, some states are focusing on the growing profits of utilities
The artificial intelligence boom is leading to fights in some states over growing utility profits.
Steven Soderbergh used AI in a documentary about John Lennon. And he wants to talk about it
The day John Lennon was shot in 1980, he and Yoko Ono gave an interview to a San Francisco radio crew from their home in New York’s Dakota Apartments.
Senate parliamentarian deals blow to $1 billion security proposal for White House
A proposal to fund $1 billion in security additions for the White House campus and the president’s new ballroom fails to meet procedural rules.
Senate parliamentarian deals blow to $1 billion security proposal for White House
A proposal to fund $1 billion in security additions for the White House campus and the president’s new ballroom fails to meet procedural rules, according to the Senate parliamentarian.
St. Johns County seventh grader helping grow girls hockey in Northeast Florida after championship success
While hockey continues to grow in the Sunshine State, one young player from St. Johns County is already making a name for herself on the ice. At just 12 years old, Rory Mayer is piling up championships and helping lead the next generation of girls hockey in Jacksonville.
Now What? With Carbon Pricing Eroded and Pipeline Politics Advancing, Here Are the Pathways for Climate Success
At the end of a whirlwind week of news on carbon pricing and electricity strategy, capping a madcap year of pretty much non-stop, dramatic change, the word across much of Canada’s climate and energy transition community is that climate policy in this country has been shredded. Eviscerated. Hit with a sledgehammer by policy rollbacks that have pushed the country’s 2050 net zero target “well out of reach”. That means it’s never been more important to look for the rays of hope and glimmers of possibility. To glimpse the seeds of the next set of strategies to get Canada’s climate pollution under control and the country into the accelerating global dash away from fossil fuels. And then, once we’ve spotted those possibilities, get on with the hard, day-to-day slog of trying to make them a reality. Nothing takes away from the frustration and the deep disappointment so many climate and energy hawks are expressing, the sense of betrayal by the author of Value(s) and the former UN special envoy for climate action and finance. But we knew two things as the week drew to a close. We’re looking at the world as it most definitely is. And we don’t get to give up finding the pathways to confront climate change and deliver faster, deeper carbon cuts that leave no one else behind. So really, the first question we all have to ask ourselves is: What’s next? Subscribe All the Oxygen in the Room The outpouring of anger and grief over the carbon pricing deal between Prime Minister Mark Carney and Alberta Premier Danielle Smith has been absolutely understandable. So much of the climate community poured years, more than a decade, into dragging the current federal pricing regime across the finish line, then defending it from a deluge of three-syllable rhymes after the Trudeau government proved utterly incapable of delivering its own message. The policy foisted on us by neo-classical economists took up all the oxygen in the room, burned through years of climate response time that we won’t get back, while cornering climate hawks into the position that the best response to the crisis of our lifetimes is a new tax…in an era of historic anti-tax sentiment. I mean, really—what could possibly have gone wrong? Against that history, let’s appreciate columnist Max Fawcett’s point that even a modest carbon pricing agreement with a government as off-the-wall libertarian/conspiracist as Danielle Smith’s—those adjectives are mine, not Max’s—is a win worth savouring (as long as Smith keeps her promises for a change). But part of living in the world as it is (no, I’m not letting that go) is to be clear-headed about what we can and can’t control. And one thing we get to decide, after seeing this week’s carbon price festivities take up all the oxygen yet again, is whether we want to keep letting that happen. Particularly when success down that road depends on a factor that no one with a climate agenda can control or influence—a provincial carbon pricing mechanism that has been manipulated and eroded beyond its lowest possible denominator. Thankfully, that’s not the way it has to go. Not when we have so many other powerful, practical tools at our disposal, including the ones still available to us through this abominable Memorandum of Understanding (MOU) between Canada and Alberta. Tools In Our Toolbox When I started roughing out this list, I didn’t expect it to grow to nearly a dozen bullet points. It’s probably still incomplete. Some of the greatest hits in today’s climate solutions toolbox include: • No Carbon Capture, No Pipeline: On Friday, Prime Minister Mark Carney explicitly stated that there’s been no change to the MOU provision that there will be no West Coast pipeline without an industry commitment to build its massive, $16.5-billion carbon capture and storage (CCUS) hub in Northern Alberta, and vice versa. The two megaprojects were joined at the hip when the MOU was signed Nov. 27, and the implementation agreement this week affirmed that they still are. A parade of independent analysts have spent years pointing to the economic and technical flaws in CCUS, while the industry kept postponing its investment decision until it could arm-twist the government for more “clarity” (by which it meant even more lavish taxpayer subsidies) on the project. Now the industry itself is running away from the CCUS hub and insisting the pipeline should proceed without it, but Carney doesn’t seem to be budging from a central tenet of the MOU to which Smith has signed on. • No Subsidies, No Investors: Climate analysts and advocates have quite rightly been hammering away at Carney and his team, insisting that any new capacity the industry wants to build must proceed without new subsidies. The government has responded with a growing collection of funding and financing mechanisms for the very wide menu of industrial development and nation-building projects they say they want to take on, and that menu always includes fossil fuel infrastructure. But it’s hard to see how even the combined fiscal clout of the federal and supportive provincial governments will deliver the financial backing private investors would need when the business case for new fossil fuel development is evaporating before their eyes. Particularly when… • No Market, No Demand, No Investors: As our friend Markham Hislop at Energi Media (our apparently sleepless friend, given the massive volume of great material he’s been churning out) points out this morning, the biggest vulnerability in any pipeline deal is the assumption that Asian buyers will want the oil or liquefied natural ga that our fossil industry is so keen to send them. Hislop writes in part: Ottawa and Alberta are effectively betting that countries like China and India will continue increasing oil imports for decades as their economies grow and energy consumption rises. That assumption underpins the entire economic rationale for expanding oil sands production and building billions of dollars in new export infrastructure. But Asian energy systems are changing rapidly… China, India, South Korea, and other major hydrocarbon importers are now investing hundreds of billions of dollars into electricity systems built around wind, solar, batteries, nuclear, hydro, and expanded transmission infrastructure. Domestic “energy sovereignty” is increasingly replacing the old energy-security model based on stable oil and gas imports. Those investments are expected to sharply slow oil demand growth and eventually reverse it, even as overall energy consumption continues rising. There are also refining constraints. Many Asian refineries and petrochemical complexes are already optimized to process discounted heavy crude from the Middle East and Latin America. That raises serious questions about how much additional Canadian bitumen Asian markets can absorb at profitable prices. Small wonder that there’s still no private sector investor for the project, despite Smith’s government desperately beating the bushes to put together a deal. For now, Alberta is acting as proponent and covering early start-up costs for a pitch to the federal Major Projects Office, which could actually turn into the next tough hurdle for Smith and her pipeline to jump. • Canada Day Looms: How ironic that Canada’s birthday this year could become a major chokepoint for the provincial premier who’s been working so diligently to tear the country apart! The July 1 target date for Alberta’s pipeline proposal is baked into the MOU, was reaffirmed by the implementation plan, but it hadn’t dawned on me that it cuts both ways. As one very smart colleague wrote in an email yesterday, “they’ve thrown the ball into Alberta’s court to get the project proposal on the table really quickly and to have to do a whole pile of work to put together a massive, complicated project that would typically take years to assemble, and they’ve given them weeks to do it.” That makes July 1 a looming deadline that Smith won’t be able to run away from politically, especially with the separatists in her party and her caucus breathing down her neck. (See previous ref to off-the-wall.) But if Alberta comes in with a sloppy, incomplete submission, even after Carney bent over backwards to simplify the application process and the rules that govern it, it may be harder for the province or the industry to blame Ottawa and insist on the faster process they claim their investors are demanding. (Oh, wait—which investors would those be??) • We’ll See You In Court (Then We’ll See You Again): If Carney did cave, that would be just one more reason for Indigenous and other affected communities to take the government and the process to court—Just as Alberta First Nations did, successfully, in response to Smith’s half-baked separation referendum. Veterans of the Harper era have been warning that a shoddy process around fossil fuel infrastructure or other major projects will be a recipe for the very delays that process seeks to avoid. And now more than ever, with renewable energy and energy storage eating fossil fuels’ lunch in import markets around the world, a delayed pipeline or LNG terminal may be as good as a cancelled one. • Charged Up, Ready to Go: With its goal of doubling Canada’s electricity supply to meet a doubling of demand by 2050, the national electricity strategy that Carney unveiled Thursday has a lot to like. With its explicit language about speeding the shift from fuels to more efficient and affordable electricity, global investment and deployment patterns that already favour that shift, an emerging bidirectional power grid, the role of front-line options like rooftop solar and heat pumps, the emergence of electric vehicles as behind-the-meter energy storage, and the domestic jobs and manufacturing to make it all happen, the document doubles down on the essential cornerstone of a faster shift off fossil fuels. The strategy envisions a more prominent role for gas and nuclear power. But some of those provisions were already in the Clean Electricity Regulations that climate hawks are now fighting so hard to defend, inserted as a compromise in a futile attempt to mollify the industry and its political representatives in Alberta and Saskatchewan. But once again, gas will be a tougher sell when it’s more expensive and now so much more unpredictable than the clean alternatives. The new nuclear technologies are still speculative and deeply vulnerable to cost overruns. Increasingly, utilities, developers, and investors know it. Carney declared Thursday that “it doesn’t do us good to be sitting in court all the time with provinces. It doesn’t do us good to be talking past each other. What does do us good is to come together with specific projects.” There are no guarantees, but so much of the language and narrative-building in the electricity strategy suggests the lion’s share of those projects will be renewable. • The Party Has Already Started: The electricity strategy only rarely digs down to specific projects, but provinces representing three-quarters of Canada’s population are already embracing a faster transition. Hydro-Québec is working on a 10-year, $185-billion renewable energy and grid buildout by 2035. Ontario recently brought 10 provinces and territories together in a National Energy Corridor Agreement to boost interprovincial and -territorial transmission infrastructure. And the MOU implementation agreement commits Alberta to facilitate investment in renewable energy projects, a big step back from its continuing, punitive restrictions on renewables development. The electricity strategy envisions much of the financing and infrastructure that will be needed to pull those advances together into an integrated whole. • Delivering on Affordability: The MOU implementation plan has little or nothing to say about affordability (are you surprised?), but the electricity strategy does, with a top-line pledge to reduce home energy costs for seven out of 10 Canadian households by 2050, a total saving of $15 billion across the board. It’s just a start, but it puts affordability on the government’s narrative map. If they’re serious and deliberate about patching together a least-cost energy strategy, it’ll have little if any room for oil, gas, or nuclear—not with powerful evidence, for example, that electricity prices are higher when those prices are set by gas. • Smith Proves that Canada Works: By signing a deal that makes it harder to claim the federal government is blocking a new pipeline, Smith has helped prove Carney’s constant anti-separatist refrain that “Canada works”—incurring the rage, no doubt, of her own political base. Canada also needs to work for anyone who depends on a clean environment, healthy and thriving ecosystems, and safe, stable climate. But with Smith and her separatist constituents setting up as a fifth column for annexation by Donald Trump’s United States, let’s set aside any notion that 51st state status for Canada is a recipe for anything other than climate disaster (and so much else). Resisting and withstanding Trump (just 170 more sleeps until mid-term elections, which is a damn sight better than the 730 we started with) doesn’t mean a free pass for a pipeline, but we can still appreciate it that keeping Canada whole and sovereign is still Carney’s Job One. • The Words Not Spoken: Apart from a commitment to export a million barrels of “low-emission” Alberta bitumen per day (memo to Smith and Carney: You realize that that’s less than the industry is already exporting??), the MOU implementation plan says nothing about the international trade and economic sovereignty deals that Carney has been travelling the world to negotiate. It didn’t have to. Carney doesn’t need permission from Danielle Smith, her American enablers, or her separatist allies to continue building the alliances that will ratchet down our economic dependency on our unstable, unreliable neighbour to the south. But every connection he builds with countries outside North America helps align our economy and our future with a faster shift off fossil fuels. Little if any of this was on our bingo cards a year or two ago. But it’s the pathway that has opened up to us. And if it gives Canada any climate or energy gains at all in an era still dominated by Trump and his increasingly ridiculous tariffs, his loutish trade negotiations and his continuing annexation threats, we have to take the wins. Not least because they’ll be the point of departure for what we can achieve in 2027, 2029, and beyond, as Trump’s grip and this era begin to loosen and then fade. What is Carney Doing? If this line of thought is right—and it’s a possibility, not a prediction—it means that Carney’s actions and decisions are largely about buying time. Time for Trump’s power to wane. Time for Alberta’s separatist/conspiracist virus to spread, mutate, die out, or at least die back, with help from a vaccine of federal steadiness and calm (appropriate enough, for a movement populated largely by vaccine deniers) that no conspiracy theory can dismiss. And time for the government’s trade and investment agenda to deliver results—even knowing that some of those results will bring impacts that front-line communities will not and should not accept. In the immediate moment, none of this changes the way the wider climate community has to respond, from campaigners to investors to front-line practitioners. All of our voices are still essential. But those voices will be stronger and more confident if we have a clearer sense of the brutal game we’ve been pulled into, and a plausible path (or two it three) for playing it to the win we need. This conversation also underscores our biggest task for the remaining years of what was supposed to be the “decisive” decade for climate response: if we can shift the energy narrative in Canada, make it a mainstream view that the country’s preoccupation with oil and gas has us falling farther behind a changing world, we’ll see far better results in the 2030s and beyond. For many veteran climate advocates, taking on that part of the fight will begin with recognizing that most of our friends and family, neighbours and colleagues already understand that climate change is real and right in front of us: they’re looking away and staying silent because they don’t have what climate communicator Katharine Hayhoe calls “efficacy”. As Hayhoe recently pointed out in a feature interview with The Energy Mix, it amounts to science denial to keep hammering away at the dire news about global warming without also helping audiences understand what they can do about it, with multiple studies telling us why that won’t work. Far better to open those conversations with the dominant crises like energy security, food security, emergency preparedness and business continuity, affordability, and financial security that have knocked climate change far lower on the list of public priorities, and will likely keep it there. We Knew This Would Happen Climate hawks have always known this day would come. For decades, we warned that everyone had to pay attention to climate change right now, because it would be much tougher to respond once the crisis itself started affecting our daily lives. We were right, and here we are. But now, thanks to decades of hard work, communities and countries have an alternative to doubling down on fossil fuels. “In 10 years everyone will have ‘always known’ that solar and batteries were going to win,” Morgan Solar Executive Chair Mike Andrade writes on LinkedIn. With the disruption in the Strait of Hormuz roiling energy priorities around the world, Canada and the United States are among the shrinking number of countries that are still very keen on fossil fuel development. Understanding that gap is a first, essential step in spotting the opportunities ahead, and averting the deep economic as well as environmental and social risk we face if we don’t seize them. Thanks for reading The Energy Mix Weekender! Subscribe for free to receive new posts and support our work. Subscribe Mitchell Beer traces his background in renewable energy and energy efficiency back to 1977, in climate change to 1997. Now he and the rest of the Energy Mix team scan 1,200 news headlines a week to pull together The Energy Mix and The Energy Mix Weekender. Chart of the Week BYD Eyes 20 Dealership Locations After Canada Greenlights Chinese EV Imports ‘Sledgehammer’ Carbon Price Deal Boosts Emissions by 230Mt, Aims for Fall 2027 Pipeline Approval ‘Worse Than Harper’: Regulatory Rollback Would Stop Canada from Assessing Project Impacts, Critics Warn Electricity Strategy Aims for Doubling by 2050, Allows ‘Flexibility’ for Gas Power Plants Opposition Mounts as O’Leary’s Data Centre Approved in Drought-Stricken Utah Diluted Carbon Price Misses ‘Reality of the World We’re In’, Could Impede Diversified Trade: Climate Institute $200B in Clean Energy Investment Will Need On-Time Delivery, Reliable Policies, Trade Association Says ‘Sovereign Pipeline’: CEO Pitches to Keep Trans Mountain in Government Hands What a Supercharged El Niño Could Mean for Canada Canada’s future is electric, and here’s how a power grid superhighway would get us there (Toronto Star) The Perilous Waters of Hecate Strait (Globe and Mail) Saudi Aramco profits jump despite conflict in Middle East (The Guardian) Farmers confront rising cost of fertilizer and fuel as spring seeding under way (Canadian Broadcasting Corporation) Clarkson forecasts 24% decline in offshore oil, gas capital expenditures (Oil & Gas Journal) Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa (Oil Change International) Developing countries must hold the pen to script the fossil fuel transition (Climate Home News) Iran war threatens the dream of a post-oil economy in the Gulf (Washington Post) U.S. Oil, Gas Work Force Hits Lowest Level Since 2022 (Rigzone) Why Polestar Is Doubling Down on Net Zero as Rivals Pull Back on EVs (Bloomberg) Why this Michigan utility plans to sell its hydro dams for $13 (E&E News/Politico) Levees can no longer save New Orleans (Vox)
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