Enbridge Inc. has cut 5 per cent of its work force – representing 500 full-time jobs and 100 unfilled positions – as the Calgary-based pipeline company copes with the severe downturn in the energy sector.
Its rival, TransCanada Corp., signalled that it, too, is getting set to announce more job cuts, adding to the gloom in the sector that has worsened as crude oil prices have been depressed for more than a year.
The text of the 12-country Trans-Pacific Partnership (TPP) Agreement was publicly released late last week, prompting intense scrutiny as stakeholders attempt to understand the deal’s implications, both for TPP countries themselves as well as for the global economy.
The military is not just a prolific user of oil, it is one of the central pillars of the global fossil-fuel economy. Today whether it is in the Middle East, the Gulf, or the Pacific, modern-day military deployment is about controlling oil-rich regions and defending the key shipping supply routes that carry half the world’s oil and sustain our consumer economy.
Clashes briefly broke out Thursday between riot police and protesters in central Athens during the first general strike since the country's left-led government initially came to power in January.
Let’s be clear about the just-released, negotiated-in-secret Trans-Pacific Partnership deal. Despite how it’s being referred to by journalists, officialsand academics, as Nobel prize-winning economist Joseph Stiglitz and economist Adam Hersh have noted, it is definitely not a “free-trade” agreement. It’s much more than that.
What are Dr. Stiglitz and others arguing, and why does it matter? Simply put, calling the TPP a free-trade agreement overplays its benefits, plays down its problematic aspects and fundamentally misunderstands what the deal is actually about.
Lost in the political fallout from President Barack Obama’s decision to once and for all reject Keystone XL is the fact that there is no longer an economic context for the pipeline. For that matter, the same can be said for any of the other proposed pipelines that would service the planned massive expansion of production from Alberta’s oil sands.
[An important article: "I would argue that it's much more likely to come from social protest than from the eventual exhaustion of natural resources."- says Chris Williams - read the full article - Editors]
We are now officially living amid the sixth great extinction, according to scientists, but the global economy has still not shifted to prevent climate change's existential threat to human civilization and much of the biosphere.
