Last year was $8.2 billion less painful for 77 big fossil fuel companies, thanks to a tax bailout provision in a big pandemic stimulus bill.
The tax-law change did little, however, for nearly 60,000 workers those companies fired, leaving them stretching the $1,200 checks they received under the same law. Individuals were not eligible for the CARES Act loophole, which allows big polluters to reduce past taxes owed based on their recent yearly losses.
On January 27, 2021, President Joe Biden signed his “Executive Order on Tackling the Climate Crisis at Home and Abroad.” This historic action commited the U.S. to achieving “significant short-term global reductions in greenhouse gas emissions and net-zero global emissions by mid-century or before.”
Every year, Canadians create hundreds of thousands of tonnes of plastic waste, almost half of it from packaging. Despite Canadians' diligent efforts at curbside recycling, most of it ends up in landfills. That might be changing.
WRITING ABOUT “The Great Reset” is not easy. It has turned into a viral conspiracy theory purporting to expose something no one ever attempted to hide, most of which is not really happening anyway, some of which actually should.
It’s extra confusing for me to unpick this particular knot because at the center of it all is a bastardization of a concept I know a little something about: the shock doctrine.
This is the first in a series of posts that aim to describe and evaluate the World War II mobilization experience in the United States in order to illuminate some of the economic and political challenges we can expect to face as we work for a Green New Deal.
International analyses suggest Canadian financiers are oiling the wheels of the fossil fuel industry at a far greater rate than their peers.
Bankers say they've made big strides in addressing climate change concerns and promise to reveal how dependent on carbon their portfolios are. They add the nature of Canada's resource-driven economy makes large investments in oil and gas all but inevitable.
Broad-based citizen mobilization is essential to ensuring the implementation of emissions reduction measures are commensurate with the urgency of the crisis, says Bruce Campbell. Photo by Shutterstock
December 3rd 2020
With COVID-19 cases soaring in Canada and abroad, the immediacy of the pandemic is understandably sidelining public attention on the climate crisis barrelling down the tracks — with catastrophic effects if not reversed over the next 10 years.
Vegetables are becoming increasingly common in an unusual place: the grocery store meat aisle.
Sales of alternative, or plant-based, meats are booming worldwide. Driven by skyrocketing demand from consumers striving to cut back on meat and companies facing increasing pressure to reduce their environmental footprint, the market is anticipated to reach $23.1 billion by 2025.
This post by campaigner and Engagement Organizing author Matt Price appeared on The Tyee last week. We’re republishing it in full with permission from both.
Imperial Oil just became the most high-profile Canadian oil producer to give up on some of its fossil fuel assets in Alberta.
“Imperial has re-assessed the long-term development plans of its unconventional portfolio in Alberta, Canada and no longer plans to develop a significant portion of this portfolio,” the company said in a statement after markets closed on Monday.
The company said would take an impairment charge of about $900 million to $1.2 billion in the latest quarter.
