Berkshire Hathaway opts not to invest $4B in liquified natural gas plant and pipeline
Warren Buffett's investment company Berkshire Hathaway has decided not to invest $4 billion in a liquefied natural gas (LNG) plant by the Saguenay port.
The marine terminal to ship LNG to overseas markets is slated to be built roughly 230 kilometres northeast of Quebec City, at a cost of $9.5 billion.
More than 100 people protested outside a mining convention Sunday in downtown Toronto, where they blocked traffic on multiple roads and stood in front of entrances to the event.
Organizers said they were demonstrating against the harmful effects of resource extraction to the environment and to Indigenous lands.
At one point, protesters attempted to enter the convention but were stopped by police.
OTTAWA—A federal Crown corporation might lend money to support the Coastal GasLink pipeline, a move that one Wet’suwet’en chief called “highly inappropriate” amidst ongoing rail blockades and nationwide protests against the project.
Leaked report for world’s major fossil fuel financier says Earth is on unsustainable trajectory
The world’s largest financier of fossil fuels has warned clients that the climate crisis threatens the survival of humanity and that the planet is on an unsustainable trajectory, according to a leaked document.
As we enter the second decade of the new century, signs of crisis are all around us. Climate change, rising economic inequality, assaults on workers’ rights and wages, unchecked corporate power, financialization, entrenched racism, misogyny, and xenophobia, and emboldened neo-fascism and right-wing populism, to name a few.
In the wake of Australian fire storms, global crop loss and catastrophic climate change shifts, billions of people are recognizing the dangers to society and life itself presented by capitalism’s profit-driven despoiling of nature. At the same time, the last 40 years of deepening inequality inside virtually all nations have undermined their social cohesion, and increasingly, capitalism’s mechanisms are being blamed. Anti-capitalism is exploding across many political landscapes.
"Unpriced risk was the main cause of the Great Recession in 2007-2008."
New research published Monday warns that extreme weather driven by the climate crisis could bring about an economic recession "the likes of which we've never seen before" if markets don't do a better job assessing climate risks.
