Capitalism

New Report Shows How Banks and Financial Firms 'Gambling Away Our Future' by Bankrolling Oil and Gas Projects

11/12/20

Author:

Brett Wilkins

Link:

Common Dreams

Protesters picket outside a Chase Bank branch in November 2019. (Photo: Erik McGregor/LightRocket via Getty Images)

December 10, 2020

"The only reasonable decision for investors in this situation is to green their portfolio and to quit companies planning new fossil investments now."

Five years after the world adopted the Paris climate agreement, global financial institutions have provided over $1.6 trillion in loans and underwriting to multinational fossil fuel firms planning and developing destructive oil and gas projects, a joint report from 18 environmental groups revealed Thursday.

Read the full article.

Category:

2 Ontario LTC operators got $157M in COVID-19 aid. They also paid $74M to shareholders

11/12/20

Author:

John Lancaster

Link:

CBC News

Dec 09, 2020

Luiza Dos Anjos, 75, is a resident of Extendicare Halton Hills in Georgetown, Ont. In this photo, her family wheels her into a hospital to have her left leg partially amputated. It became infected while living in the care home. (Ivan Arsovski/CBC News)

Read the full article.

Category:

The Great Reset Conspiracy Smoothie

09/12/20

Author:

Naomi Klein

Link:

The Intercept

WRITING ABOUT “The Great Reset” is not easy. It has turned into a viral conspiracy theory purporting to expose something no one ever attempted to hide, most of which is not really happening anyway, some of which actually should.

It’s extra confusing for me to unpick this particular knot because at the center of it all is a bastardization of a concept I know a little something about: the shock doctrine.

Read the full article.

Category:

Corporate Canada Received Government COVID Bailouts, And You Won’t Believe What Happened Next (Yes You Will)

07/12/20

Author:

Passage

Link:

Passage

December 7, 2020

Read the full article.

Category:

Canada

Capitalism

Social

Corporate obstructionism endangers meaningful climate action — and the stakes couldn't be higher

03/12/20

Author:

Bruce S. Campbell

Link:

National Observer

Broad-based citizen mobilization is essential to ensuring the implementation of emissions reduction measures are commensurate with the urgency of the crisis, says Bruce Campbell. Photo by Shutterstock

December 3rd 2020

With COVID-19 cases soaring in Canada and abroad, the immediacy of the pandemic is understandably sidelining public attention on the climate crisis barrelling down the tracks — with catastrophic effects if not reversed over the next 10 years.

Read the full article.

Category:

Following the Money Spotlights ‘Big Banks’ Green Bafflegab’

03/12/20

Author:

Primary Author: Matt Price

Link:

The Energy Mix

Dec. 2, 2020

This post by campaigner and Engagement Organizing author Matt Price appeared on The Tyee last week. We’re republishing it in full with permission from both.

Read the full article.

Category:

How Rethinking Affordable Homes Connects with the Climate Fight

01/12/20

Author:

Geoff Dembicki

Link:

The Tyee

Experts in Canada and beyond see overlapping solutions to two crises: housing affordability and climate change. This series talks to more than 20 of them. Illustration for The Tyee by Nora Kelly.

Nov. 30, 2020

First in a five-part series exploring the case for a Green New Deal for Housing.

Read the full article.

Category:

The planet cannot begin to heal until we rip the mask off the West’s war machine

29/11/20

Author:

Jonthan Cook

Link:

Jonathan Cook Blog

27 November 2020

Making political sense of the world can be tricky unless one understands the role of the state in capitalist societies. The state is not primarily there to represent voters or uphold democratic rights and values; it is a vehicle for facilitating and legitimating the concentration of wealth and power into fewer and fewer hands.

Read the full article.

Category:

Putting the Vaccine Buzz into Perspective - Why it would be wrong to assume the pandemic finish line is just a sprint away.

28/11/20

Author:

Andrew Nikiforuk

Link:

The Tyee

‘The reality is that pandemics don’t stop on a dime, vaccines can’t be rushed and their safe delivery is quite complicated.’ Photo by Joshua Berson.

Nov. 26, 2020

News that three different vaccines with high rates of efficacy in preventing COVID-19 are on their way has raised hopes. We can all use some cheerful news right about now. But the best medical evidence suggests we should temper our optimism.

Don’t throw away that mask or expect a short sprint to a world free of the pandemic, say experts. Nor will the vaccination of the Canadian general public really begin in earnest till the summer of 2021.

Read the full article.

Category:

Canada

Capitalism

Social

Oil patch not motivated to fund reduction of carbon pollution without government funding!!

27/11/20

Author:

Carl Meyer

Link:

National Observer

Suncor oilsands plant, featuring petroleum coker towers, in 2010. Suncor has proposed replacing its coke boilers with natural gas in order to cut emissions, but has suspended the project and is now asking for government support. Photo from Suncor

Nov. 27, 2020

The oil and gas industry “likely won’t meaningfully reduce” its carbon pollution this decade without more government funding, according to a new Royal Bank of Canada report.

Read the full article.

Category:

Capitalism

"The only reasonable decision for investors in this situation is to green their portfolio and to quit companies planning new fossil investments now."

December 7, 2020

Nov. 30, 2020

First in a five-part series exploring the case for a Green New Deal for Housing.

Pages