Confidential documents show taxpayers could be on the hook for a ‘fossil fuel subsidy’ to help supply electricity to LNG Canada, a consortium of some of the world’s most profitable oil and gas companies
The B.C. government wants taxpayers across Canada to pay half the $3-billion bill for a new electric transmission line supplying power to the province’s LNG industry, including projects owned by some of the world’s most profitable oil and gas companies, according to a confidential briefing note obtained by The Narwhal.
Over 1,000 wildfires are burning across Canada. Families are fleeing their homes, haunted by the very real possibility that they may never be able to return.
‘Many Canadians, especially renters, are closer to homelessness than they might imagine’
Increasingly since the pandemic, in cities across the country, more and more people are choosing to live in a tent, often out of necessity, because they feel unsafe in overcrowded shelters, or they’re turned away because shelters are at capacity.
Encampments have become a regular fixture in parks and sometimes on city streets, as more and more people face rapidly increasing rents and fewer and fewer options.
An important point that some of us have overlooked: Canada will come under increasing pressure to market fossil fuels to other nations to balance our trade accounts!!!
- Gene (Vancouver Ecosocialists)
In Canada, which is heavily trade-dependent, free trade has been popular for several decades. For Conservative or Liberal governments, inking a new pact was reflexively hailed as a big achievement.
A new complaint sent to the FBI’s white-collar crime division and filed with U.S. financial regulators alleges Canadian oil company Reconnaissance Energy Africa (ReconAfrica) has used environmental claims to mislead investors.
ReconAfrica is drilling for oil in an ecologically sensitive region in Namibia. Its drilling plans are near the Okavango Delta — a UNESCO World Heritage Site, one of the world’s largest protected areas for endangered wildlife and a culturally significant place to the San people.
Trans Mountain facing intense deadline pressure to finish pipeline on time: Documents
CALGARY - New documents suggest the Crown corporation behind the Trans Mountain pipeline expansion is facing an uphill battle to finish the project on schedule in spite of mounting internal and external pressure to do so.
As Canada experiences a record-shattering summer of deadly extreme weather, it’s worth remembering that our national pension fund has poured much of our retirement savings into the primary cause of the climate crisis: fossil fuels.
In doing so, the Canada Pension Plan Investment Board is also undermining its own purpose: to provide Canadians with retirement security by achieving a maximum rate of return without undue risk of loss. Fossil fuel industries, after all, must be rapidly phased out to ensure a safe climate future.
