Capitalism

04/03/22
Author: 
John Woodside
A Gazprom oil-producing facility in Russia's Yamal region. Canadian banks and insurance companies have invested millions in the country's oil and gas companies, which make up nearly 40 per cent of Russia's revenue. (AP Photo/Petr Shelomovskiy)

Mar. 2, 2022

Canadian banks, insurance companies and asset managers have pumped millions into Russian-owned oil and gas companies that have flowed into the petrostate’s war chest.

02/03/22
Author: 
John Woodside
Ditching fossil fuels is a key part of tackling climate change and keeping our planet fit for human life, but Bay Street and Big Oil are standing in the way. Artwork by Ata Ojani / Canada's National Observer

March 2, 2022

Climate change is already threatening everyone on the planet.

For everyone alive today, this is an inescapable truth. We are on a road to extinction. Until we bring greenhouse gas emissions down to zero everywhere in the world, the planet will continue to warm. The only question is, how long will we stay on this path?

23/02/22
Author: 
Wenonah Hauter
Smoke stacks - GETTY IMAGES

Feb. 14, 2022

The industry is wildly fudging the numbers to make itself look like a major job creator. We shouldn’t be fooled.

For years now, any discussion about climate action or the need to move off fossil fuels has run headlong into a familiar quandary: The industries fueling the climate crisis create good jobs, often in areas of the country where finding work that can support a family is incredibly difficult. 

23/02/22
Author: 
William Rivers Pitt
A respiratory therapist checks on a COVID-19 patient in the ICU at Rush University Medial Center on January 31, 2022, in Chicago, Illinois. SCOTT OLSON / GETTY IMAGES

Feb. 22, 2022

As the world crouches in anticipation of whatever fresh hell is preparing to jump from the Russia/Ukraine border, some seem to have forgotten that COVID-19 is not yet over. There have been more than 28,000 COVID deaths in the U.S. over the last two weeks, and more than 1.2 million new infections over that same span. The fact that this represents significant progress in the fight against the virus only underscores the horror of the body count. Were this pandemic a shooting war, those numbers would be bluntly unendurable.

09/02/22
Author: 
Sharon Zhang
Rep. Pramila Jayapal speaks as members of Congress share their recollections on the first anniversary of the attack on the U.S. Capitol on January 6, 2022, in the Cannon House Office Building in Washington, D.C. MANDEL NGAN-POOL / GETTY IMAGES

Feb. 7, 2022

A bill that would establish Medicare for All in the U.S. has reached 120 sponsors, Congressional Progressive Caucus chair Rep. Pramila Jayapal (D-Washington) announced on Sunday.

“We’ve officially got a record 120 co-sponsors on my Medicare for All Act!” said Jayapal, who introduced the legislation. “Thrilled to welcome Rep. Sheila Cherfilus-McCormick (D-Florida) to our fight to ensure health care as a human right!”

03/02/22
Author: 
Irina Slav
 Jan 30, 2022
  • The current move in oil prices is largely attributed to geopolitical risk.
  • The next major move in oil could be triggered if inventories fall to critical levels.
  • Wall Street’s consensus seems to be that Brent will reach $100 by the summer.
31/01/22
Author: 
Ceri Warnock
Environmental group Extinction Rebellion protest outside Shell offices at the ongoing extraction of fossil fuels and the resulting environmental damage. PHOTO: GETTY IMAGES

Jan. 31, 2022

Juries have started questioning who the real criminals are in the unforgiving arena of climate change politics, writes Prof Ceri Warnock.

The smart money is moving away from investments in climate-damaging activities and products, towards firms that offer solutions to the climate emergency. BlackRock chief executive, Larry Fink, emphasises this transition is not attributable to environmental activism per se but to good old-fashioned capitalism: the investment risk is simply too great to do otherwise.

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