He is set to continue leading a minority government, with his party’s seat count in Parliament little changed. Trudeau’s move was intended to capitalize on high approval ratings for his handling of the pandemic, but many voters apparently saw political opportunism instead. A $9.5 billion deal will transfer Shell’s 225,000-acre site in the Permian Basin, the biggest American field, to ConocoPhillips. Proceeds from the sale will be distributed to shareholders and will also help fund the company’s “energy transition,” Shell said. The successful debut of a player in a once unloved industry, defying a jittery market, could change the tune for others in the wider entertainment world.

Source: New York Times September 21, 2021 12:11 UTC