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Energy

Russia & U.S. mull joint Arctic energy projects

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Quick Hit:

Russia and the U.S. discussed potential cooperation on Arctic energy projects during Tuesday’s meeting in Saudi Arabia.

Key Details:

  • Russian Direct Investment Fund (RDIF) chief Kirill Dmitriev confirmed the discussions on joint Arctic projects, emphasizing a broad but productive dialogue.
  • The meeting, held in Riyadh, included U.S. Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov.
  • Talks focused on economic cooperation.

Diving Deeper:

Russia and the United States have opened discussions on potential joint energy projects in the Arctic. The meeting, held in Saudi Arabia on Tuesday, brought together senior officials from both nations.

Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), revealed that discussions included the prospect of joint Arctic energy initiatives. While details remain vague, Dmitriev emphasized that the Arctic was a focal point in the conversations. “It was more a general discussion — maybe joint projects in the Arctic. We specifically discussed the Arctic,” he stated while departing Riyadh.

The meeting, which notably excluded Ukraine and European representatives, comes as both Russian President Vladimir Putin and former U.S. President Donald Trump seek to assert greater control over Arctic resources.

Historically, U.S.-Russia energy cooperation in the Arctic has been fraught with complications. ExxonMobil had partnered with Russian oil giant Rosneft to explore Arctic hydrocarbons, but the venture collapsed in 2018 due to Western sanctions imposed after Russia’s 2014 invasion of Ukraine.

Dmitriev, who was part of the Russian delegation alongside Foreign Minister Sergey Lavrov and Putin’s foreign policy adviser Yuri Ushakov, framed the discussions as a positive step following what he described as the Biden administration’s complete breakdown of U.S.-Russia dialogue. He also highlighted an RDIF estimate claiming that American businesses have lost roughly $300 billion due to their exodus from Russia following the full-scale invasion of Ukraine in 2022.

“There is an understanding that bad relations between Russia and the U.S. actually cost a lot to American business, and there are ways to have productive cooperation benefit both Russia and the U.S.,” Dmitriev noted.

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Bjorn Lomborg

The stupidity of Net Zero | Bjorn Lomborg on how climate alarmism leads to economic crisis

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From spiked on YouTube

Note: This interview is focused on Europe and the UK.  It very much applies to Canada. The 2025 Federal Election which will see Canadians choose between a more common sense approach, and spending the next 4 years continuing down the path of pursuing “The Stupidity of Net Zero”.

European industry is in freefall, and Net Zero is to blame.

Here, climate economist Bjorn Lomborg – author of Best Things First and False Alarm – explains how panic over climate change is doing far more damage than climate change itself.  Swapping cheap and dependable fossil fuels for unreliable and expensive renewables costs our economies trillions, but for little environmental gain, Lomborg says.

Plus, he tackles the myth of the ‘climate apocalypse’ and explains why there are more polar bears than ever.

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Energy

Trump signs four executive orders promoting coal industry

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From The Center Square

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President Donald Trump signed four executive orders Tuesday promoting the deregulation and expansion of the “beautiful, clean coal” industry in the U.S.

The first order White House Staff Secretary Will Scharf said might be “one of the most significant executive orders” the president has issued so far.

“This directs all departments and agencies of the federal government to end all discriminatory policies against the coal industry. This ends the leasing moratorium that prevents new coal projects on federal land, and it’s going to accelerate all permitting and funding for new coal projects,” Scharf said.

The other executive orders attempt to prevent some Biden-era policies from going into effect that would have caused the shuttering of dozens of American coal plants; support policies promoting the continued incorporation of coal and fossil-fuel forms of energy into the grid; and direct the Department of Justice to investigate state policies that may illegally or unconstitutionally “[discriminate] against coal” and “secure sources of energy.”

The White House hosted a large group of coal miners, members of Congress, administration officials and others Tuesday afternoon to commemorate the “Unleashing American Energy” signing event.

“This is a very important day to me because we’re bringing back an industry that was abandoned despite the fact that it was just about the best – certainly the best in terms of power, real power,” Trump said.

Trump said he was “honored” to be signing the orders in defense of the coal industry and that the administration was “ending Joe Biden’s war on beautiful, clean coal once and for all.”

Trump also said his administration was working on something unique that would guarantee the coal industry would not be upended by changes in administrations, based on an idea he had “about 15 minutes” before the event.

“We’re going to give a guarantee that… if somebody comes in, they can’t change it at a whim. They’re gonna have to go through hell to close you up,” he said to the coal miners.

Under the new administration, the department of the interior has approved the expansion of the Spring Creek Mine in Montana, and Trump promised there would be more coal ventures in Alabama, North Dakota, Utah, Wyoming and other states.

“I think we’re gonna look back with great pride at what we’ve done today – not just in putting people to work but at really reawakening our country,” Trump said.

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