Carbon Bubble

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It's Time to Ditch the Tar Sands Economic Plan

The Toronto Stock Exchange is plummeting in lock step with the fall in oil prices. The loonie is heading in the same direction, hopefully putting to bed any debate as to whether Canada has a petro-currency. Provinces that rely on oil royalties and revenues will likely have difficulty balancing their budgets.
AP

The Carbon Bubble: Another Flaw With the All-Oil Strategy

The evidence keeps coming in: Ottawa's all-oil economic strategy is seriously flawed. According to a report released last week, we could be headed for another financial crisis as a result of over-valued energy stocks that are giving rise to a growing "carbon bubble." This means that we should be breaking with our economic reliance on oil, rather than increasing it.