A new report suggests that national oil companies could invest $1.9 trillion over the next ten years, meaning one-fifth of those investments would be unviable unless the oil price stayed above $40 a barrel.

Trudeau said it was important to have “a secure supply from a friend and an ally”, noting Canada has many of the rare earths minerals needed for car batteries and solar panels.

Imports of crude oil, iron ore and coal are all expected to show gains from prior months.

The 9.3% drop in the Mining Production Index pushed down the Industrial Production Index by 4.1% in 12 months.

Wood Mackenzie says commodities will increasingly be marketed on their green credentials.

The move would block the sale of new mining and drilling rights across some 700 million acres.

Biden’s first executive actions to move quickly to tackle climate change have raised questions over the ability of administrations to transform the US energy system.

Kyma Capital is set to complain to US regulators in a dispute with Indian billionaire Anil Agarwal over nearly $1 billion in loans.