If beaten-up Canadian investors are looking to assign blame for the bruising suffered by their portfolios of late, they could do worse than point an accusatory finger at China. The resource super-cycle that drove valuations so much higher over the last decade is now hobbling along at a snail's pace and China is a big part of the reason why.
A recent plunge in oil prices as been driving a steady stream of commentary from leading economic voices across the spectrum in Canada calling for everything from outright panic to 'stay the course'. With oil hovering just north of $80 per barrel, many are starting to question the future of pipelines, tar sands and other resource intensive extractive projects.
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.
The Alberta government is so fixated on extracting the destructive tar sands that it's missing out on Alberta's real potential. Rather that causing rising greenhouse gas emissions, countless treaty rights violations, incredible disturbances to land, air and water, the government could be a leader in clean energy solutions.
Cross-Posted from DeSmogBlogChevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta...
Fossil fuels, the writing is on the wall. Some countries are already powered by 100 per cent renewables, others are on their way. Our cars and transport are starting to be electrified and solar panels, wind turbines, and geothermal are going up in communities around the world (Bangladesh is installing nearly two new rooftop PV systems every minute).
No rational reason exists for doing this to our planet -- unless you count greed. Sadly, some people do. But even if you are willing to destroy 50,000 square miles of boreal forest just to make a profit, there's no way to justify destroying our future in the process.
Working in Alberta, the belly of the tar sands beast, the odds are often overwhelming but, over the past few months, something has changed. The resistance to the tar sands has not only grown in leaps and bounds, it is changing the dynamics of the entire fight.
Does today's disconnect between global oil markets and the chaos that's gripping the region signal an end to the era of triple digit oil prices? If so, what are the consequences for North America's oil industry?
"First Nation communities, especially ones that are isolated and reliant on diesel for power, stand to benefit the most from a transition. These panels are an example of the type of solutions our communities should be implementing -- ones that create jobs, lower energy costs and don't hurt the environment to do it."
My team and I will go down to L.A. and make a movie about our campaign to put a stop to the movie industry which is destroying so many lives. We will be armed with pomposity, judgement, condescension and constant looks of horror on our faces. We will also be armed with important environmental technology that I invented, such as a smart car of dog sleds (my lap dog attached to a child sled) and a carbon capture mask for joggers so that they don't have to contribute to global warming with their excess carbon emissions.
There's something about a new Naomi Klein book that always seems to attract a lot of attention. And not just from middle-of-the-road Western Canadians like myself who work hard for a living and enjoy the beautiful, natural settings where we live, work and raise our families. No, Klein even seems to attract the ire of -- you guessed it -- "big environmentalism." It's a credit to her proven ability to lay out the controversial argument. People love that.
There is a tart and nutritious berry available to us from the nordic forests of Sweden. The lingonberry. You can walk into any Ikea and buy all sorts ...
On the Friday before Labor Day -- in the form of an age-old "Friday News Dump" -- the Federal Energy Regulatory Commission (FERC) handed a permit to Enbridge, the tar sands-carrying corporate pipeline giant, to open a tar sands-by-rail facility in Flanagan, Ill. by early-2016.
Cross-Posted from DeSmogBlogThe Sierra Club, National Wildlife Federation (NWF) and other green groups recently revealed that pipeline giant Enb...
Cross-Posted from DeSmogBlogJust a day after the Oregon Department of State Lands shot down a proposal to export 8.8 million tons per year of coa...