They may not be funded by gas and oil, but these two sides are big money players.
A person shops at a supermarket in Moscow in April. War-related sanctions have caused inflation to soar – 2% per week in the first three weeks of the war and 1% per week thereafter, equivalent to 68% per year.
Natalia Kolesnikova/AFP
While the country’s Central Bank may have managed to offset some of the tougher sanctions, the West’s economic broadside has caused long-term damage to “Fortress Russia”.
Big smiles on the surface, big differences behind the scenes.
PA Images/Alamy
The problem has always been that Europe trades with Russia a lot, while the US only trades a little.
Alberta’s approach to fiscal management involves a nauseating cycle of big spending followed by massive cuts — almost entirely due to the outsized influence of oil and gas revenues. The rollercoaster at the West Edmonton Mall is seen in this photo.
(Jerry Bowley/Flickr)
Every time Alberta’s energy-based economy goes into a tailspin, it’s because the price of oil has declined precipitously, and when it booms, it’s because the price has soared.
The war in Ukraine will have major implications for energy and climate change, in Canada and the rest of the world, far into the future.
THE CANADIAN PRESS/Frank Gunn
New relationships between energy, geopolitical security and climate change policy flowing from the invasion of Ukraine are beginning to emerge, and the implications could be enormous.
The public have never been enthusiastic about this industry.
Randi Sokoloff
A former US ambassador to Kazakhstan explains the strategic and economic importance of Kazakhstan to the US.
Phasing out fossil fuels means that today’s production is the peak, and that from here on out extraction and infrastructure must decline over time.
(Green Energy Futures/flickr)
If Canada chooses to keep its oil in the ground, it doesn’t mean turning off the tap overnight. Skilled trades will be key to winding down the industry and building up new lines of work.
For almost 100 years, Sudbury’s community and environment were blanketed in sulfur dioxide and metals released from the smelting of nickel ore.
(Shutterstock)
Nord Stream 2 is a pipeline that will deliver Russian gas to Western Europe – and, by extension, increase Putin’s influence across the continent. That makes Ukraine and some other countries nervous.
Norway’s Prime Minister Erna Solberg greets Prime Minister Justin Trudeau at the G7 leaders summit in La Malbaie, Que., in June 2018.
THE CANADIAN PRESS/Justin Tang
President Joe Biden’s executive order could be fatal to the Keystone XL pipeline. The Canadian oil sector now has no choice but to innovate to survive.
Fast electric vehicle charging stations at a rest stop on Interstate 95 in Maryland.
Earth and Main/Flickr
Joe Biden has sweeping plans for a clean energy revolution. Congress will be a big speed bump, but it can’t block everything.
People wave to presidential candidate Joe Biden’s bus as it passes through Latrobe, Pa. Biden received only 35 per cent of the votes in Westmoreland County.
(AP Photo/Andrew Harnik)