"The only reasonable decision for investors in this situation is to green their portfolio and to quit companies planning new fossil investments now."
Five years after the world adopted the Paris climate agreement, global financial institutions have provided over $1.6 trillion in loans and underwriting to multinational fossil fuel firms planning and developing destructive oil and gas projects, a joint report from 18 environmental groups revealed Thursday.
Canada’s parliamentary budget officer has provoked a fresh round of suspicion about the long-term profitability of the Trans Mountain oil pipeline and expansion project.
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.
"In the linked document related to Denmark the country's prime minister, elected in June 2019 is quoted as saying, "If we succeed, it will be because we hurried." Sounds like a great motto for the movement."
Forty billion dollars. According to Alberta’s fiscal update last week, that’s the huge sum by which oil and gas investment in the province is expected to plummet, from what was predicted as recently as in the February budget.
Trans Mountain confirmed a Valemount worker tested positive for COVID-19 last week.
A worker had been in the Valemount camp for two days when they were informed that one of the people they were in contact with (prior to coming to camp) had tested positive according to Trans Mountain.
The affected individual has been isolated.
“As per our COVID-19 protocols, the person was immediately isolated and continues to isolate within our separate quarantine wing,” said a spokesperson for Trans Mountain.
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.
In a global first, a Saskatoon-based geothermal company has successfully drilled and fracked a 90-degree horizontal well, delivering enough heat to supply electricity to 3,000 homes. And it did so thanks to the expertise of over 100 oilfield technicians—a switch that is offering hope to many such workers facing unemployment as fossil fortunes tank.
Environmentalists say firm broke Dutch law by expanding its fossil fuel operations
A court in The Hague will hear claims that Royal Dutch Shell has broken Dutch law by knowingly hampering the global phase-out of fossil fuels, in a case that could force the company to reduce its CO2 emissions.
