Capitalism

20/03/23
Author: 
Yanis Varoufakis
A lock is seen on a gate on the exterior of the U.S. Department of Treasury building as they joined other government financial institutions to bail out Silicon Valley Bank's account holders after it collapsed on March 13, 2023 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

Mar. 17, 2023

This Is Not a Repeat of the 2008 Financial Crisis, But It Is the Same Capitalist Rot

Since 2008, governments and central banks have been trying to prop up the banks through a combination of socialism for the banks, and austerity for everyone else. The result is what we see today.

Every systemic banking crisis has a trigger that sets it off. In the case of SVB, the reason for its bankruptcy is twofold.

17/03/23
Author: 
Marco Chown Oved
Catherine McKenna
Mar. 16, 2023
 

If found to have breached competition law, companies could theoretically face a fine of $9 billion.

The Pathways Alliance of oilsands companies has blanketed the country with a false advertising campaign designed to influence government and manipulate public support for the industry with the highest carbon emissions in Canada, according to a complaint filed with the Competition Bureau on Thursday.
14/03/23
Author: 
Damian Carrington
The carbon emissions from the global SUV fleet outweigh that of most countries. Photo by Chait Goli/Pexels

Mar. 13, 2023

This story was originally published by The Guardian and appears here as part of the Climate Desk collaboration.

The continued global rise in sales of SUVs pushed their climate-heating emissions to almost one billion tonnes of carbon dioxide in 2022, according to the International Energy Agency.

11/03/23
Author: 
John Young
LNG Canada site construction in Kitimat. British Columbians will not end up using any of the energy produced. Credit: LNG Canada

Mar. 10, 2023

You’re probably busy just trying to make a living, so you may not have noticed that the world’s biggest oil and gas companies are making a killing.

Again.

Still.

More than ever.

07/03/23
Author: 
Geoff Dembicki
Senior executives from Suncor and other oil sands producers appear in a recent Pathways Alliance ad. Source: PathwaysAlliance.ca

Mar 6, 2023

‘That would be a death knell for our climate targets,’ says climate advocate.

Oil sands producers plan to spend billions of dollars on emissions-reducing technologies so that they can boost production and sell more of their climate-warming products overseas, an industry lobby group explained to Canada’s federal government on multiple occasions. 

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