NDP Leader Jagmeet Singh is calling on the government to take the money it was planning to use to compensate Kinder Morgan investors in the proposed Trans Mountain pipeline expansion and instead invest in clean energy jobs.
Last week Finance Minister Bill Morneau said the government is willing to “provide indemnity” to any investors if “unnecessary delays” cause costs to rise.
“What we should be doing instead is using that fossil fuel subsidy, using the proposed money … to invest in clean energy jobs for today and the future,” said Singh Tuesday.
The linked document, Trade Unions and Just Transition: The Search for a Transformative Politics, deals with a crucial part of the urgent global need to transition to a post-carbon energy system. Though it doesn’t come right out and say it, the text also proves that this must also be a post-capitalist social-economic system.
Europe’s largest bank, HSBC, said on Friday it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels.
Other large banks such as ING and BNP Paribas have made similar pledges in recent months as investors have mounted pressure to make sure bank’s actions align with the Paris agreement, a global pact to limit greenhouse gas emissions and curb rising temperatures.
The Canadian government looks set to bankroll the proposed Trans Mountain pipeline expansion by Texas-based Kinder Morgan, North America’s largest energy infras
Communities in Colorado—one of the fastest-warming states—have joined coastal cities in trying to make Big Oil pay.
Two Colorado counties and the city of Boulder are suing ExxonMobil and Suncor Energy, Canada's largest oil company, to hold them responsible for climate change-related damage to their communities.
The lawsuit, filed Tuesday in a state district court by Boulder, Boulder County and San Miguel County, is seeking compensation for damage and adaptation costs resulting from extreme weather events.
In 2011, a Cornell University research team first made the groundbreaking discovery that leaking methane from the shale gas fracking boom could make burning fracked gas worse for the climate than coal.
In a sobering lecture released this month, a member of that team, Dr. Anthony Ingraffea, Professor of Engineering Emeritus at Cornell University, outlined more precisely the role U.S. fracking is playing in changing the world's climate.
