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  • 10 big energy stories Canary Media is tracking in 2026

    10 big energy stories Canary Media is tracking in 2026

    In 2026, I want to see if politicians and regulators will recognize that electrification can in fact boost affordability, especially in newly built homes. — Alison F. Takemura, staff writer

    The geothermal breakthrough on the horizon

    Geothermal energy startups have raised huge sums of money in recent months and years to develop next-generation technologies for harnessing Earth’s heat. But so far, the companies have delivered relatively little carbon-free electricity to the grid.

    That will change this year, when Fervo Energy flips the switch on its Cape Station facility in Utah. The startup is building an enhanced geothermal system” that uses fracking techniques to create geothermal reservoirs in hard, impermeable rocks. The first 100 megawatts (of an eventual 500 MW) are slated to go online in October, which would make Cape Station the biggest project of its kind to connect to the grid worldwide.

    The development will send a powerful signal that next-generation geothermal is moving from promise to commercial reality,” said Jeremy O’Brien of geoscience software company Seequent. We expect this milestone to accelerate both investor interest and government support globally.”

    Fervo isn’t alone in its ambitions. The company Eavor will start working this spring to expand its first-of-a-kind geothermal project in Germany, and firms like Sage Geosystems, Quaise, XGS, and Zanskar are accelerating efforts to satisfy demand for clean, around-the-clock power. I’ll be watching closely to see whether 2026 proves to be the pivotal year the industry is hoping for. — Maria Gallucci, senior reporter

    The tug-of-war over clean energy in Ohio

    Ohio, where I report from, has for years been a hotbed for dark money and a testing ground for national efforts to hinder action on climate change. State lawmakers and regulators continue to throw up obstacles to renewable energy development, while giving preference to new fossil-fueled power plants. One pending bill, for example, calls for energy permitting decisions to make sure facilities employ affordable, reliable, and clean energy sources,” with reliable” meaning energy that’s available at all times and clean” defined to include natural gas. I’ll keep investigating those efforts in 2026 to hold the people in power accountable as the public struggles with rising energy costs and worsening climate change impacts.

    But it’s not all bad news in the Buckeye State, as some communities rally in support of clean energy. One story I’m particularly excited to cover is a May referendum that will give voters the chance to overturn a local solar and wind ban covering most of their county — an approach that could take off elsewhere in Ohio and in other states that allow local restrictions on renewable power. — Kathiann M. Kowalski, contributing reporter based in Ohio

    The AI boom’s battery awakening

    2026 will be the year we start seeing batteries bridge the gap between data centers’ sky-high power demand and what the U.S. grid can actually deliver.

    A well-placed battery system can secure electricity for AI computing hubs in the relatively few hours each year when the grid can’t supply them. That can allow data centers to get built far sooner than if they waited for pricey and time-consuming power network upgrades.

    Storage developers are reporting a frenzy of interest in such projects, but these typically are shrouded in secrecy. I recently reported on the first publicly confirmed project of this kind, which entered construction in Oregon for Aligned Data Centers and should start operating in 2026. Utility Portland General Electric will own that one and use it to guarantee power a few years earlier than it could have with conventional grid upgrades.

    What I found most intriguing is that the data center developer is paying for this smart grid upgrade. This arrangement lays out a rare positive vision for the nation’s energy future: The companies that stand to make boatloads of money on data centers could fund grid upgrades that benefit everyone, as opposed to the general public subsidizing those upgrades to pad the profits of AI ventures. In the year ahead, I’ll be tracking the proliferation of batteries for data centers, and what they mean for consumers’ energy bills. — Julian Spector, senior reporter

    The fate of coal in the Midwest

    Over the past decade, scores of Midwestern coal plants have closed, as environmental regulations kicked in and coal-fired generation became more expensive than natural gas or renewables.

    Now, the tables could be turning again.

    Utilities are pushing back retirement dates for coal plants as electricity-demand forecasts increase exponentially due to proposed data centers — many of which may never get built. The Trump administration is ordering plants on the brink of closure to stay open and easing up on rules around pollution from coal power. Indiana’s Republican Gov. Mike Braun issued an executive order last spring calling for coal plant life extensions,” and Illinois experts are researching controversial clean coal technologies,” including at a demonstration carbon-capture plant that went online in 2024.

    Coal is embedded in the culture in these states, and it’s highly political, as I’ve heard many times from elected officials, grassroots activists, and coal miners. In 2026, I’ll be closely tracking how this campaign to revive coal progresses and what it means on the ground in Midwest communities where it is burned and mined. After all, coal isn’t just an increasingly expensive way to generate electricity; it’s also incredibly polluting. — Kari Lydersen, contributing reporter based in Illinois

    The big push for offshore wind in Canada

    The future of America’s offshore wind sector may well be in Canada — a country prepping its first projects and willing to share power generated from its frigid ocean breezes with U.S. states just across the border.

    Thanks to President Trump’s ire, it’s likely that no new offshore wind farms will be completed in the U.S. until 2035, save for the five projects already being built, BloombergNEF predicted in early December. Even those projects aren’t guaranteed, a fact underscored by the 90-day pause on wind farm construction issued Dec. 22 by the Interior Department.

    In 2026, I’ll be keeping a close eye on whether these deals materialize — and what they mean for North America’s offshore wind workforce and supply chain, which grew under the Biden administration and could otherwise wither away under Trump 2.0. — Clare Fieseler, reporter

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  • PKCERT, Kaspersky sign MoU to strengthen cybersecurity in Pakistan – Dawn

    1. PKCERT, Kaspersky sign MoU to strengthen cybersecurity in Pakistan  Dawn
    2. Govt, IT stakeholders urged to train cyber scouts against online crimes  Associated Press of Pakistan
    3. PKCERT and Kaspersky Sign MoU to Strengthen Pakistan’s Cybersecurity…

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  • An Extensive Security and Emergency Preparedness Training was Successfully Conducted at the University of Home Economics (UHE) Lahore

    An extensive security and emergency preparedness training was successfully conducted at the University of Home Economics (UHE) Lahore for female students, faculty, and administrative staff in collaboration with Rescue-1122 and Punjab Civil…

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  • Trump’s Venezuela punt could turn into an oil-drilling own goal

    Trump’s Venezuela punt could turn into an oil-drilling own goal

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    President Donald Trump likes the idea of “very large” US oil companies going into Venezuela, investing…

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  • Deutsche Bank shares exceed book value for first time since 2008

    Deutsche Bank shares exceed book value for first time since 2008

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    Deutsche Bank shares have traded above their book value for the first time since the start of the global financial crisis, marking a milestone in the turnaround of Germany’s largest lender after years of legal setbacks, writedowns and restructuring.

    The stock rose to €33.95 in early trading on Monday, climbing above the bank’s most recent reported book value per share of €33.66, a measure of total assets minus liabilities excluding shareholders’ equity.

    Price to book ratio is a key valuation metric for banks, reflecting investor confidence in a lender’s assets, returns and growth outlook. Deutsche had traded at a discount to its book value since early 2008, when doubts about the health of the banking sector were mounting in the early stages of the financial crisis.

    Passing the milestone is a boost for chief executive Christian Sewing, who has vowed to turn the lender into “the European champion in banking”.

    At its lowest point in March 2020, the stock fell below €5, or 0.19 times book value, with investors fearing that the economic downturn caused by the Covid-19 pandemic could derail Sewing’s restructuring plan.

    At the time, Deutsche’s earnings were dragged down by the European Central Bank’s negative interest rates as well as billions of euros in restructuring costs, while its job-cutting plans were hit by delays.

    Investor confidence has slowly returned during a broad three-year rally in European bank shares. Deutsche has resolved long-running legal battles, including relating to mis-selling of mortgage-backed securities, exited lossmaking ventures such as its equities trading division, and increased its focus on fixed-income trading and corporate banking.

    Despite roughly doubling over the past year, the German bank’s shares are still around half their level in early 2008. The bank’s market capitalisation — then about €35bn — has risen to about €65bn, after it raised about €33bn in fresh equity, most recently in 2017, to shore up a balance sheet hit by legal penalties and the costly acquisition of retail lender Postbank.

    Deutsche reported in October its highest nine-month profits since 2007.

    Berlin’s debt-financed investment drive is expected to benefit Deutsche’s investment banking arm as an adviser on sovereign bond issuance and corporate restructuring, according to analysts, while its lending business should profit from rising corporate credit demand.

    Some investors remain cautious. “The recent share price gains simply reflect the move from negligible earnings to average profitability,” said Andreas Thomae, a strategist at Deka, a top-20 shareholder.

    Analysts are confident Deutsche will hit its target of a 10 per cent return on tangible equity — a key profitability measure — when it reports its results for 2025. Its goal of reaching returns of 13 per cent by 2028 still lags those of European peers, which are aiming for up to 22 per cent.

    Deutsche “will never reach the profitability levels of BBVA or Santander”, Thomae said, citing the bank’s capital-consuming investment banking division.

    Despite the recent rally in the bank’s share price, its annualised total return over the past decade still trails the Stoxx600 Banks index as well as rivals such as Italy’s UniCredit and France’s BNP Paribas.

    Deutsche’s performance is also overshadowed by domestic rival Commerzbank, whose price-to-book ratio has rebounded from 0.13 in March 2020 to more than 1.4 in 2025, helped by a potential takeover offer from UniCredit.

    Deutsche’s problems integrating Postbank have weighed on its retail arm, though profitability has improved after branch closures and job cuts. DWS, its asset management arm, continues to face pressure in alternative investments despite inflows into low-margin passive products such as exchange traded funds.

    While DWS is looking for acquisition targets, Sewing has ruled out major deals by the parent group. “When I still have the chance to get significantly better through my own effort, I don’t want to let anything hold me back from that,” he said last year.

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  • Hugo Broos ducks tough questions

    Hugo Broos ducks tough questions

    South Africa coach Hugo Broos came in for some sharp questioning after the country’s 2-1 loss to Cameroon in Sunday’s Africa Cup of Nations final, eliminated in the last 16.

    Bafana squandered some early chances and despite Broos fielding a…

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  • UHE and Universiti Sains Malaysia (USM) Marked a Significant Milestone by Signing a Memorandum – University of Home Economics Lahore

    The University of Home Economics (UHE) Lahore, and Universiti Sains Malaysia (USM) marked a significant milestone by signing a Memorandum of Understanding paving the way for strengthened international academic and research…

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  • Weaponizing the border and trade won’t help

    By Imtiaz Gul

    Vicious propaganda from certain Afghan and Indian social media channels are currently spewing venom against Pakistan. As part of this, even some Afghan ministers and officials are blurting out and stoking…

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  • Customs seize smuggled goods worth Rs183.23mn – Business Recorder

    1. Customs seize smuggled goods worth Rs183.23mn  Business Recorder
    2. Customs seize contraband, vehicles worth $1.1m in Balochistan operation  Dunya News
    3. Customs enforcement Quetta seizes smuggled goods worth Rs. 251.325 million  Associated Press of…

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