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Message to the UK: the fracking ‘bridge’ is burning!
Message to the UK: the fracking ‘bridge’ is burning! The lesson of fracking in the US and Canada is a simple one, writes Naomi Klein. The fracking industry is vicious, brutal and will stop at nothing to get its way. British anti-frackers can celebrate yesterday’s achievements – but the fight ahead will not be an […]
Blame Oil: Opportunistic thinking amid the oil price collapse
Blame Oil: Opportunistic thinking amid the oil price collapse The wisdom of Winston Churchill, who once quipped that you should never let a good crisis go to waste, clearly hasn’t been lost on federal Finance minister Joe Oliver, who’s already made considerable hay out of falling oil prices. Mr. Oliver’s finance department won’t table a […]
Oil-and-Gas Default Wave, “Outright Liquidations” Next
Oil-and-Gas Default Wave, “Outright Liquidations” Next Every rally in crude oil since June turned out to be a pathetic sucker rally. On Friday, West Texas Intermediate fell over 2% to $45.32 a barrel, back where it had been on January 12, annihilating most of the 12% rally in between. WTI is now 58% below the June […]
Tanking Asia Gas Prices Makes BC LNG ‘Not Viable,’ Expert Says
Tanking Asia Gas Prices Makes BC LNG ‘Not Viable,’ Expert Says A liquified natural gas industry, as currently promoted by British Columbia’s Liberal government, is not viable at current natural gas prices, and the proposed industry tax regime actually “gives a subsidy to the LNG industry,” according to a royalty expert. Jim Roy, a former […]
What Does the Bank of Canada Know That We Don’t?
What Does the Bank of Canada Know That We Don’t? In a totally unexpected move, the Bank of Canada cut the overnight interest rate by 25 basis points on Wednesday. This of course makes me wonder what the Bank of Canada knows that the rest of us don’t! I mean usually the Bank indicates a […]
Interest Rate Cut: Bank Of Canada Moves To Stave Off Threat From Sliding Oil Prices
Interest Rate Cut: Bank Of Canada Moves To Stave Off Threat From Sliding Oil Prices OTTAWA — The looming economic threat of sliding oil prices is forcing the Bank of Canada to unexpectedly cut its trend-setting rate to three quarters of a percentage point from one per cent. The central bank’s announcement follows the stunning […]
Students Tell Government They Won’t Work For Free On Logo For Canada’s 150th Birthday
Students Tell Government They Won’t Work For Free On Logo For Canada’s 150th Birthday Many young Canadian designers are expressing outrage that the federal government would ask them to work for free. The Association of Registered Graphic Designers (RGD) has launched a campaign to boycott the Canadian Heritage ministry’s competition to find a logo for Canada’s upcoming 150th […]
Canadian manufacturing sales drop again in November
Canadian manufacturing sales drop again in November OTTAWA (Reuters) – Canadian manufacturing sales decreased by 1.4 percent in November, the third decline in four months, driven by a sharp drop in motor vehicle sales, Statistics Canada reported on Tuesday. The decline was greater than the 0.7 percent decrease that analysts surveyed by Reuters had anticipated. It […]
Alberta One Of Hardest Hit By Lower Oil Prices
Alberta One Of Hardest Hit By Lower Oil Prices The week ending Jan. 17 was a bad one for Alberta, the Canadian province that once was enjoying an oil boom. Schlumberger, the oil services giant in Canada’s west, cut spending dramatically, postponed projects in the region and announced 9,000 layoffs for its worldwide operations. Suncor Energy […]
Does Ottawa’s skip-the-media strategy get the message out?
Does Ottawa’s skip-the-media strategy get the message out? Communicating directly is fine, but it also helps to hit the target with relevant information Government critics of the media seem increasingly convinced these days that they can do the job of communicating a message better than journalists can — and, as a result, they are coming up […]
‘Five Eyes’ countries to meet on anti-terrorism fight: Canada
‘Five Eyes’ countries to meet on anti-terrorism fight: Canada OTTAWA (Reuters) – The five nations that make up the world’s leading intelligence-sharing network will meet in London next month to confer on strategies to fight terrorism in the wake of the Paris attacks, Canada said on Tuesday. Public Safety Minister Steven Blaney said the so-called Five […]
New counterterrorism bill to override certain privacy limits
New counterterrorism bill to override certain privacy limits Passport and other information to be shared with security agencies The federal government believes Canada is vulnerable to a significant terrorist attack because of legislative gaps that hinder and, in some cases prevent, federal agencies from sharing information about potential threats. Government sources tell CBC News that […]
Is Keystone Still Viable Amid Low Oil Prices?
Is Keystone Still Viable Amid Low Oil Prices? On Monday the Keystone XL pipeline project crossed another hurdle when legislation approving construction of the proposed line to connect Canadian oil sands crude with Gulf Coast refineries was passed by the United States Senate. The bill sailed through 63 votes to 32 in the Senate, which […]
We Must Start Digging Our Way Out of Canada’s Mining Dilemma
We Must Start Digging Our Way Out of Canada’s Mining Dilemma It sometimes seems people in the mining and fossil fuel industries — along with their government promoters — don’t believe in the future. What else could explain the mad rush to extract and use up the Earth’s resources as quickly and wastefully as possible? […]
