US Treasury Secretary Janet Yellen recently concluded a four-day summit with Chinese officials sternly warning that Washington will not allow Chinese imports to threaten US jobs in new industries. Yellen ended the visit by urging Beijing to temper excess industrial capacity.
Although the talks' focus centered on new industries, such...
Despite announcing aims to refill the U.S. strategic oil reserve by the end of the year, the Biden Administration has decided not to go ahead with its plan amid high oil prices. Following months of stable crude prices, the recent spike in the Brent Benchmark has led the government...
Two years after the Russian invasion of Ukraine, the oil and gas sanctions have failed to temper Russia’s vendetta. Despite being the most sanctioned nation in the world with over 16,000 sanctions in place, Russia continues to press toward its conquest goal in Ukraine. In other words, the heavy...
In the last week of January, the Biden-Harris Administration temporarily paused pending decisions regarding liquid natural gas exports. This hold requires the Department of Energy (DOE) to reevaluate the impact of these exports on climate change, energy costs, and security.
While the White House was quick to claim the pause...
The Panama Canal is a major shipping route between the Americas and the rest of the world, helping move food, energy, and other goods between different continents. Throughout the 20th and 21st Centuries, the route has been critical for moving cargo from the U.S. and other countries in the...
In October, the White House eased sanctions that it had been imposing on the Venezuelan energy sector since 2018 in a bid to stabilise oil prices and support the South American country in improving its economy. The agreement to ease sanctions was made on the assurance that President Nicolas...
A year or two ago, it looked likely that the U.S. would drop its sanctions on Iran as the two powers expected to agree on a new nuclear deal. However, neither side has been able to agree on the terms of a potential deal, which has left them at...
Today, the Securities and Exchange Commission (SEC) – Wall Street’s regulatory body, adopted new rules aimed at enhancing and standardizing climate-related disclosures by public companies and in public offerings. The organization made the ruling in response to investor demands to be provided with consistent, comparable, and reliable information about...
Following the Russian invasion of Ukraine and subsequent sanctions on Russian energy, the U.S. has increased its oil and gas production, as well as strengthened supply chains to overcome the shortage of other energy products. However, it still relies heavily on Russia for the uranium it needs to power...
Although there is no formal definition of Environmental, Social, and Governance (ESG) criteria, it is widely accepted as a system to mitigate risks and impact a company's corporate interests. Many companies have implemented ESG strategies as a means of adhering to internal and external pressures from stakeholders.
Over time, ESG...
