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Hope for carbon sinks
A screen displays the logo for ConocoPhillips on the floor of the New York Stock Exchange.
June 01, 2023
Leaders at international oil companies, who have to worry about carbon balance sheets when they take projects to market, have divested from Alberta’s oil sands over the last decade. These energy giants face pressure to publicly report on the emissions that cause climate change, and the oil sands extraction in Alberta is some of the most carbon-intensive oil production in the world since the oil is boiled out of bitumen sand.
But there was a sign last week that investors may be changing their minds, based on the potential of carbon capture. Houston oil giant ConocoPhillips announced last Friday that it has invested CA$4.4 billion in the Surmont project, one of many massive oil extraction facilities in northern Alberta.
Why? Because ConocoPhillips is enthusiastic about carbon sequestration, which may allow companies to increase oil production while cutting emissions by diverting carbon from oil-processing facilities and storing it. Environmentalists are skeptical of the technology, but some in the oil industry are starting to see it as a potential savior.More For You
Americans are moving less — and renting more. Cooling migration and rising vacancy rates, especially across the Sunbelt, have flattened rent growth and given renters new leverage. For many lower-income households, that relief is beginning to show up in discretionary spending. Explore what's changing in US housing by subscribing to Bank of America Institute.
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World Central Kitchen staff hand out free soup in a neighbourhood that experiences electricity and heating outages following recent Russian attacks on Ukraine’s civilian infrastructure during subzero temperatures in Kyiv, Ukraine February 3, 2026.
REUTERS/Thomas Peter
1,170: The number of high-rise buildings in Kyiv that were left without heating following a barrage of Russian attacks last night on Ukraine’s capital and its energy facilities, per Kyiv Mayor Vitali Klitschko.
Protesters gather during a candlelight vigil, and interfaith prayer at Fort Lauderdale-Hollywood International Airport as airport workers and faith leaders rally calling on the federal government to extend Temporary Protected Status for Haiti on Jan. 28, 2026.
Diaz/Miami Herald via ZUMA Press Wire
Over the past five years, Haiti has endured extreme political turmoil, escalating violence, and one of the world’s worst humanitarian crises.
Microsoft unveiled a new set of commitments guiding its community‑first approach to AI infrastructure development. The strategy focuses on energy affordability, water efficiency, job creation, local investment, and AI‑driven skilling. As demand for digital infrastructure accelerates, the company is pushing a new model for responsible datacenter growth — one built on sustainability, economic mobility, and long‑term partnership with the communities that host it. The move signals how AI infrastructure is reshaping local economies and what people expect from the tech shaping their future. Read the full blog here.
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