B.C. terminals key to the U.S. gas industry’s battle against renewable energy
Wall Street investment firms are betting on LNG projects in Canada as part of the “Unleashing American Energy” strategy, unveiled this week by President Donald Trump.
“We will drill, baby drill,” Trump declared to a standing ovation at his inauguration ceremony, signaling the MAGA movement’s plan to flood world markets with North American oil and gas.
We need to start reversing 40 years of neoliberalism with economic planning and public ownership
Incoming U.S. President Donald Trump has taken to musing publicly about using “economic force” to annex Canada. The threat is so brazen that many are treating it as a joke, unable to accept that a United States President could hold such an economically existential threat over our heads.
Canada’s insurance sector is raising alarms about the potential for the country to become “uninsurable” by 2035 due to insufficient policy action on escalating climate disasters. Meanwhile, a former California insurance official has criticized the industry for underwriting the very fossil fuel projects that worsen the climate crisis.
Pension funds are gambling with Canadians’ retirement savings by placing multi-billion dollar bets on hydrogen's ability to rescue old, polluting gas pipelines from terminal decline, according to a climate finance advocacy organization.
The Pathways Alliance’s proposed carbon capture and storage megaproject has not begun construction or even received approval, and yet its business model is already collapsing, according to a global think tank.
So now we know how the second Trump era begins: with Los Angeles on fire.
Apocalyptic, tragic and almost impossibly emblematic. The world at large is spiralling past the guardrail of 1.5 degrees while politics retreats from tackling the problem. Ten thousand homes and buildings burned, neighbours dead and neighbourhoods reduced to ash while the incoming president deflects, derides and promises more drilling for fossil fuels.
