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2 Undervalued Dividend Stocks Passive Income Investors Can Buy Right Now

2 Undervalued Dividend Stocks Passive Income Investors Can Buy Right Now

Globe and Mail6 days ago

Investors become more interested in dividend stocks when the risk of recession increases.
*Stock prices used were the afternoon prices of May 27, 2025. The video was published on May 29, 2025.
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Global energy investment to reach record US$3.3-trillion, IEA says
Global energy investment to reach record US$3.3-trillion, IEA says

Globe and Mail

time2 hours ago

  • Globe and Mail

Global energy investment to reach record US$3.3-trillion, IEA says

Global energy investment is set to increase to a record US$3.3-trillion this year, with clean technologies attracting twice as much capital as fossil fuels, according to a new report. Forecasts in the 2025 World Energy Investment report, released Thursday by the International Energy Agency, underscore how global investment trends are leaning toward clean energy, even at a time of geopolitical tensions and economic uncertainties. Fatih Birol, executive director of the IEA, said the fact clean energy will amount to two-thirds of investment this year is driven by a significant drop in the cost of many green technologies, combined with countries seeing them as a key part of their energy security strategies. 'In Canada, in the U.S., we still need oil and gas. We will need them for years to come. But we also need nuclear power. We need wind, we need solar. We need all these technologies for a secure energy system,' Dr. Birol said in an interview from Paris ahead of the report's release. Lower oil prices and demand expectations will result in a 6-per-cent fall in upstream oil investment in 2025 – the first year-on-year decline since the COVID-19 slump in 2020 and the largest since 2016, the report says. Canada's canola farmers stand to gain from U.S. tax breaks for clean fuel Global refinery investment in 2025 is set to fall to its lowest level in 10 years. The IEA said in the report it initially expected oil and gas spending to be flat in 2025, based on company announcements, but investment sentiment has become more downbeat as oil prices come under pressure. The report projects overall investment in oil and gas production this year to total just under US$570-billion. By contrast, the global liquefied natural gas market is set to experience its largest-ever capacity growth between 2026 and 2028, with investment in new LNG facilities boosted by projects preparing to come online in the United States, Qatar, Canada and elsewhere. Canada is a cornerstone of the global energy market, Dr. Birol said, and he applauded the country's efforts reduce greenhouse gas emissions, particularly in the oil and gas sector. Report finds Alberta's restrictive renewables policies dampened investment But if oil and gas are to remain a significant part of the global energy mix, fossil fuel companies will need to continue investing in those emissions-reducing technologies, he said. 'There is an excellent track record for methane emissions, for example, in Canada. And I hope that we see similar trends in the carbon emissions thanks to carbon capture and storage,' he said. Per-barrel emissions from Alberta's oil sands dropped by 26 per cent between 2012 and 2023, according to the most recent Oil Sands Greenhouse Gas Emissions Intensity Analysis, released Wednesday. That's a 4-per-cent improvement over 2022. Alberta's natural gas production and processing emissions have declined by 24 per cent since 2015, and methane emissions by 52 per cent since 2014, according to the analysis. On the electricity front, never before has there been such massive growth in global demand, Dr. Birol said. Between now and 2030, demand will increase as much as the current consumption in the U.S. and China combined. Editorial: Free the market for renewable energy in Alberta The cost of utility-scale batteries has fallen by two-thirds over the past decade, and global battery investment is approaching the level of gas-fired power generation investment, the report notes. But investment in electricity grids, now at US$400-billion per year, is failing to keep pace with overall spending on generation and electrification. As demand for energy continues to grow, more countries are embracing homegrown energy sources, Dr. Birol said. Take nuclear, for example. Capital flows to the sector have increased by 50 per cent over the past five years and are on track to reach around US$75-billion in 2025, according to the report. Dr. Birol attributes that growth to Russia's war against Ukraine, which 'reminded Europeans how important it is to increase domestic electricity generation.' In Europe, countries are extending the lifetime of existing nuclear power plants and building new ones. There is also huge interest in small modular reactors, including in Canada. 'I think this is good news for the world, both in terms of energy security, but also addressing our climate challenges,' Dr. Birol said.

Smith says she sees a ‘breakthrough' in talks with Americans on energy
Smith says she sees a ‘breakthrough' in talks with Americans on energy

CTV News

time6 hours ago

  • CTV News

Smith says she sees a ‘breakthrough' in talks with Americans on energy

Alberta Premier Danielle Smith poses for a photo at the Canadian Embassy in Washington, D.C., on Wednesday, June 4, 2025. THE CANADIAN PRESS/Kelly Geraldine Malone WASHINGTON — Alberta Premier Danielle Smith said on Wednesday there's been a 'breakthrough' in conversations with Americans on Canada's role in the United States' quest for energy dominance as President Donald Trump's tariffs continue to cause uncertainty for the bilateral relationship. 'We've managed to make a breakthrough on the discussion about energy dominance and how Canada can lend itself to that, whether its our oil, our gas, critical minerals, uranium from Saskatchewan, electricity from many of our provinces,' Smith said in an interview with The Canadian Press at the embassy in Washington, D.C. 'I feel like there's a real understanding of that.' Trump returned to the White House set on boosting America's energy production. Smith said that while the energy argument has seen success, conversations around other industries are ongoing. The Alberta premier was in the United States capital for meetings and a forum on energy this week as Trump doubled his tariffs on steel and aluminum imports. Canada is a major supplier to the U.S. and Canadian industry says 50 per cent levies will be devastating. Smith said she had conversations with American counterparts and explained that, particularly for aluminum tariffs, they are 'the very definition of a tariff being its own punishment.' The United States imports about 60 per cent of its aluminum from Canada. The Canadian industry largely uses hydroelectricity to make the high energy costs connected to smelting more affordable. Smith said the U.S. doesn't have the ability to develop a homegrown industry to fill the gaps. 'We just have to make sure we are able to make that same (energy) argument on everything else, on the integrated food market, the integrated manufacturing market,' Smith said, also pointing to timber. '(We) haven't had a full breakthrough on all of that but I think the conversations I have are always very positive.' Despite conversations at home about Western alienation and Alberta separatism, Smith said that issue has not come up in Washington. The premier, however, said it's important to take the issue seriously. Trump set his sights on Canada early in his return to the White House and his tariffs on steel, aluminum and automobiles have upended Canadian industries. The president has repeatedly said he doesn't need anything from Canada but his actions have shown signs that he still values trade with America's northern neighbour. Trump slapped Canada with economywide duties in March, only to walk back the tariffs on imports complaint with the Canada-U.S.-Mexico Agreement on trade, called CUSMA, a few days later. Commerce Secretary Howard Lutnick was asked during a U.S. Senate hearing Wednesday about tariffs on Canada. Lutnick pointed to the trilateral agreement and said imports that are compliant with CUSMA remain tariff-free. CUSMA was negotiated during the first Trump administration and was up for a mandatory review next year. Smith said it remains unclear when CUSMA negotiations might start but there is 'encouragement or expectation that we might get some kind of detente or interim agreement by the time we have the G7.' It's unclear whether that will be commitments on CUSMA or a separate agreement on the current tariffs. Carney has said Canada will negotiate a new economic and security agreement with the United States. Canada-U.S. Trade Minister Dominic LeBlanc, who met with Lutnick in Washington Tuesday, said he's 'hopeful that we can get to the best outcome for Canadians.' Carney and Trump will join leaders from France, Germany, Japan, the United Kingdom, Italy and the European Union from June 15 to 17 for the G7 leaders summit in Kananaskis. Mexican President Claudia Sheinbaum has also been invited to attend. Smith said it 'just makes so much sense for Canada and the U.S. to get to an agreement fast.' She said Americans have 'bigger fish to fry' on other major policy priorities. Smith was optimistic about Carney's relationship with Trump. While the president recently brought back comments on making Canada a U.S. state, Trump has also spoken about a good relationship with Carney and calls him prime minister and not the 'governor' title he used to taunt former prime minister Justin Trudeau. It also marks a change in tone for the Alberta premier, who had an icy relationship with Ottawa under Trudeau. Smith has long been critical of the governing Liberal's policies around energy which she says micromanaged Alberta's priorities and hindered industry. She said federal policies stopped Alberta from developing foreign markets that would be critical for many Canadian industries as Trump tries to realign global trade through tariffs. Following the First Ministers' meeting in Saskatoon earlier this week, Smith said she is 'hoping that we are having a breakthrough with the Liberals way of seeing things.' Smith had proposed a bitumen pipeline to B.C.'s northern coast coupled with support for a project on decarbonization. She said 'if we can work together on developing new markets then I think it will be good for everyone.' B.C. deputy premier Niki Sharma has pushed back on Smith's proposal, saying the province is focusing on 'shovel-ready projects, not theoretical projects with no proponents.' This report by The Canadian Press was first published June 4, 2025. Kelly Geraldine Malone, The Canadian Press

‘Too Soon to Celebrate,' Says Investor About Tesla Stock
‘Too Soon to Celebrate,' Says Investor About Tesla Stock

Globe and Mail

time6 hours ago

  • Globe and Mail

‘Too Soon to Celebrate,' Says Investor About Tesla Stock

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