Tag Archives: Oil

Finances

Corporations are winning the inflation bump, while Canadians struggle with high prices

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

As Canadians struggle to afford essential goods and services, the spoils of inflation are ending up largely in corporate profits, particularly in oil, gas and mining industries, a new analysis reveals.

The Canadian Centre for Policy Alternatives (CCPA) crunched the numbers to see how much more Canadians spent over the last two years due to inflation and pinpointed which industries benefited the most.

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Energy

Canada’s largest oil and gas companies’ sky-high net earnings renew calls for windfall tax

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Sky-high net earnings for Canada’s four biggest oil companies have renewed calls for a windfall tax that Ottawa shows no sign of adopting.

“The gas lobby is clearly very powerful and holds a lot of sway in Canada,” Environmental Defence’s programs director Keith Brooks told Canada’s National Observer, adding the industry is impeding effective climate action and creating deep inequality among Canadians.

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Cost of Climate Change

The Quadra Project: Eco-Morality

The global environmental crisis is creating a paradigm shift in human consciousness that will change the moral tenor of everything we think and do for the foreseeable future—not just for decades, but for centuries as we become the de facto regulators of our planet’s climate. As the media guru Marshall McLuhan noted, “There are no passengers on spaceship Earth—everyone is crew.”

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Energy

Supporting Canadian oil and gas Producers

Editor’s note: The opinions you are about to read are those of the author, the people she interviewed and not necessarily endorsed by Cortes Currents.

By Serena Lapointe, Whitecourt Press, Local Journalism Initiative Reporter

On November 22, during the Regular Meeting of Whitecourt Town Council, Councillor Paul Chauvet proposed submitting a resolution to the Federation of Canadian Municipalities (FCM) on Canadian oil and gas imports. Councillor Paul Chauvet suggested crafting a resolution urging FCM to advocate the Federal Government to implement a policy that requires all imported oil and gas utilized in the country to meet the same laws that Canadian producers must follow, including environmental and human rights standards. Councillor Chauvet said that countries that import gas and oil that could not meet those standards should be subject to additional tariffs. During the meeting, Council voted to look into the issue further.

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Cost of Climate Change

A Climate Scientist talks about the good news that came out of COP 26

Dr Simon Donner is an interdisciplinary climate scientist at the University of British Columbia. He studies some of the areas where the rise in global temperatures is most evident: ocean warming, sea-level rise; climate change adaptation in the developing world and coral reefs. Given that work, Donner admits he is “probably a weird person to sound optimistic,” but he is encouraged about the good news from COP 26. 

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