World stock markets may be over-valuing companies with fossil fuel assets that may be unburnable, UK lawmakers warned Thursday. The UK's Environmental Audit Committee released a report warning that over-priced fossil fuel assets pose a systemic risk to global markets.
Enbridge bypasses U.S. permit process for $7-billion pipeline upgrade. CALGARY--Enbridge Inc.’s $7-billion replacement of a major oil pipeline – its largest project to date – will boost overall shipping capacity to the United States while sharply reducing the maintenance bill on its system, the company says. The replacement has the added benefit of allowing Enbridge to avoid a U.S.
More than anything else, what makes the current systemic and structural global crisis of capitalism more dangerous and frightening than in the past is the total intellectual, ideological, political and moral bankruptcy of the world capitalist leaders and their capitalist theorists: they have no answer to what increasingly appears to be the world's relentless progression toward mass poverty, wor
Lawyers working for Kinder Morgan Inc. have sent a letter to the National Energy Board proposing the narrowest interpretation of who can participate in a review of the company’s proposed twinning of the Trans Mountain pipeline.
This week the Provincial government and Metro Vancouver mayors said they’re out of ideas on how to expand the transit system.
On the eve of a National Energy Board decision over Enbridge Inc's request to 'reverse' the flow of its Line 9 pipeline through southern Ontario to carry tar sands bitumen:
Wanted: Environmental assessment on Enbridge's Line 9
March 4, 2014
Dear Premier Kathleen Wynne, Environment Minister Jim Bradley and Energy Minister Bob Chiarelli,
Introduction by website editors:
There are an estimated three trillion tons of coal accessible by mining on Earth. Another 15 trillion tons could be mined for its various gases by burning it underground and capturing the usable gases that rise. Great volumes of harmful emissions would be produced. It's called underground coal gasification (UCG) and it’s a downright crazy idea. But when did that ever stop capitalists from developing crazy fossil fuel projects?
TransCanada Corp. has taken an initial step toward obtaining regulatory approval for its proposed $12-billion, 4,600-kilometre Energy East oil pipeline by filing a project description with the National Energy Board Tuesday. The Calgary-based company wants to convert 3,000 kilometres of existing natural gas pipeline and build about 1,600 kilometres of new pipeline in Quebec and New Brunswick.