Bloomberg Repsol SA will no longer seek growth for its oil and gas business in preparation for the global transition to cleaner energy, according to a person familiar with the matter. The Spanish energy company is the first of its peers to make such a move. It illustrates how the industry’s strategic decisions are starting to be influenced by emissions …

Bloomberg Green investing in the UK fell 56 percent last year, sparking concerns in Parliament that the nation will not maintain its lead in clean energy or meet climate targets after leaving the European Union. “Billions of pounds of investment is needed in clean energy, transport, heating and industry to meet our carbon targets,” said Mary Creagh, a member of …

Bloomberg Wildfire season in Alberta began with a blaze that cut power to a key pipeline in the oil sands, causing heavy crude prices to surge. Inter Pipeline Ltd. is in the process of restoring service to parts of its Polaris Pipeline system after power was cut to the line’s Lamont Station, the company said. The line, which carried 194,000 …