The rules will add a significant penalty for any shipping concerns who exceed an emissions cap, starting in 2028.

In a report released today, Dennis Fong from CIBC maintained a Hold rating on Imperial Oil (IMO – Research Report), with a price target of ...

The United States is threatening to take reciprocal action against nations that agree to a global carbon tax on ocean ...

Imperial Oil (NYSE:IMO) -0.9% in Thursday's trading as Goldman Sachs downgrades shares to Sell from Neutral with a C$90 price target, seeing less compelling valuation relative to peers after a ...

Government representatives are meeting this week to finalize the first-ever global carbon tax on ocean shipping emissions in a move that opponents say could disproportionately hit American consumers.