Recently, the first Canadian university joined a growing global movement to divest endowments from fossil fuels. Concordia’s $5-million was largely symbolic; it still has $95-million invested in oil and gas companies. But its decision was another signal that the divestment movement is gaining momentum.
In fact, divestment is creating a significant new challenge for an oil industry that is already fighting hard to maintain its pre-eminence in the world of energy.
What do the plummeting oil prices tell us not only about our near term economic future in Canada, but the political fragility of the world's petro states?
If Canada fully joins the petro state club, as our prime minister and his party desire, is oil's volatility just the cost of doing business, or a threat to our nation's well-being?
The ideal person to ask is Terry Lynn Karl, one of North America's foremost experts on the politics of oil. The Tyee recently caught up with Karl, who teaches at Stanford University and lives in San Francisco.
OTTAWA - Stephen Harper slammed the door on unilaterally regulating Canada's oil and gas sector Tuesday even as four provincial governments, representing almost 80 per cent of Canada's population, were pledging to go further and faster in reducing greenhouse gas emissions.
Environment ministers from British Columbia, Manitoba, Ontario and Quebec signed what they're calling a compact in Lima, Peru, where an international climate conference is underway.
OTTAWA — A private member’s bill backed by the minister of justice taking aim at industrial thieves could be used to punish environmental protesters, lawyers say.
The bill, introduced by Conservative MP Wai Young on Wednesday, would slap harsh penalties on anyone who damages or interferes with “critical infrastructure.”
Over a year ago, a colleague at the University of Waterloo, Thomas Homer-Dixon, penned a compelling opinion piece for the New York Times in which he addressed, from a Canadian perspective, the debate surrounding the future of the planned Keystone XL Pipeline. If built, this pipeline would transport unprocessed, environmentally toxic Alberta tar sands bitumen to refineries in the Gulf of Mexico, Illinois and Oklahoma.
It would be hard to invent a more destructive ritual of national self-punishment. Year after year, we hand oil companies gigantic tracts of pristine land. They skin them of entire ecosystems. They vacuum billions of dollars out of the country. Their oversized power, sunk into lobbying and litigation, upends government law-making.
RED EARTH CREEK, ALTA.—The Alberta Energy Regulator says close to 60,000 litres of crude oil have spilled into muskeg in the province’s north.
An incident report by the regulator states that a mechanical failure was reported Thursday at a Canadian Natural Resources Limited pipeline approximately 27 kilometres north of Red Earth Creek.
The City of Burnaby's latest attempt to throw a roadblock in front of Kinder Morgan's survey work was turned down Thursday.
Burnaby had wanted to appeal a September B.C. Supreme Court decision denying it an injunction that would have prevented the pipeline company from carrying out its study work on Burnaby Mountain.
But the B.C. Court of Appeal wouldn't allow the appeal to go ahead.
Kinder Morgan has begun dismantling its drilling site on Burnaby Mountain and will not complete the planned testing on a second bore hole, a company spokesperson told CBC News Friday.
CBC full coverage | Kinder Morgan protests
Ali Hounsell said that it had taken several days for the company to helicopter in the heavy equipment, and that removal work needed to begin now in order to be off the site by Monday's deadline.
A B.C. Supreme Court judge has dropped civil contempt charges against dozens of protesters who were arrested at an anti-pipeline protest near Vancouver.
The order came Thursday after Kinder Morgan acknowledged it had used incorrect GPS co-ordinates when it sought an injunction related to its Trans Mountain pipeline.
More than 100 people have been arrested on Burnaby Mountain, including Grand Chief Stewart Phillip of the Union of B.C. Indian Chiefs, who crossed the police line earlier Thursday.
