Russia expects $90 billion in oil and gas earnings in 2026, accounting for about a fifth of its state budget revenues. U.S. and European sanctions have targeted this income stream, a key source of funding for Moscow in its war against Ukraine. Continue reading
On June 25, 2026, officials from Washington, California, and Québec signed an agreement to merge their cap-and-trade systems. Once linkage takes effect, which is expected in 2027, the shared carbon market will cover roughly 75 percent of greenhouse gas emissions of two large U.S. states and one Canadian province. Continue reading
