UK court fines Glencore $308 million for bribing its way across Africa

The UK Serious Fraud Office showed how Glencore paid more than $28 million in bribes across five African countries over five years to 2016.

Bloomberg News | November 3, 2022 | 10:30 am

Glencore employees moved bribes cash by private jet, London court told

Glencore paid – or failed to prevent the payment of – millions of dollars in bribes to officials in five African countries, Britain's Serious Fraud Office (SFO) told Southwark Crown Court.

Reuters | November 2, 2022 | 9:41 am

G-20 nations provided $693 billion in support for coal, fossil fuels in 2021 — report

Support dragging down progress on reaching Paris Agreement goals, says report by Bloomberg Philanthropies and BloombergNEF.

Staff Writer | November 1, 2022 | 1:52 pm

Canadian resources coveted by Asian superpower

China is Canada’s third-biggest trade partner and British Columbia’s second-largest.

Nelson Bennett - Business in Vancouve | October 27, 2022 | 9:39 am

Teck exits oilsands with C$1bn sale of Fort Hills stake to Suncor

The all-cash deal, effective Nov. 1, will boost Suncor’s aggregate share in the northern Alberta operation to more than 75%.

Cecilia Jamasmie | October 27, 2022 | 3:55 am

Russia ships record volumes of gas and steelmaking coal to China

Coking coal imports from Russia jumped to 2.5 million tons in September, from about 900,000 tons in the same month last year.

Bloomberg News | October 25, 2022 | 7:52 am

UK prosecutors implicate 11 Glencore employees in bribery probe

The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or executives have faced prosecution.

Bloomberg News | October 24, 2022 | 7:39 am