An entire province facing gas shortages for as much as a week is yet another reminder that when things are left to the markets, we have no control over how fuel and other commodities are supplied to us. And when there are shortages of commodities we depend on, we can suddenly be very vulnerable.
Summary of three-part series of article CMIS will be posting on how Canada could have avoided the problems caused by the drop in oil prices.
A new study, from economists at University College London shows the impact dealing with climate change could have on Canada and other countries.
Like other researchers, the authors of the study argue that curbing climate change means roughly two-thirds of fossil fuels need to stay in the ground. This finding is similar to the findings of other research on what needs to be done to keep the average global temperature rise from greenhouse gas emissions below two degrees Celsius.
Newfoundland and Labrador crown corporation Nalcor Energy's mapping project is a small example of how some governments are questioning the assumption that all governments can do to encourage economic development is hand out tax breaks.
This month, Norway's oil revenue fund reached the point where every Norwegian is now a millionaire in Norwegian kroner. As an article in the Tyee shows, this is very different from what has happened with Alberta's oil revenue.
A recent article from Blue Green Canada warned that the failure of the federal government to encourage a transition to a green economy will have consequences. One estimate suggested that low carbon goods and services could mean 400,000 jobs. It has also been suggested that when the increasing impact of climate change forces governments to take drastic action there will be much less demand for Canadian oil.
September trade figures confirm that Canada is increasingly dependent on oil and gas. While the trade deficit was down, it was only because of a 22.9% increase in oil and gas exports in the last year. Without that, Canada's trade deficit would have increased.
A recent Huffington Post article pointed out that the recent increase is part of a long term trend.
In addition to concerns about the environmental impact, questions are being raised about whether the economic impact of the Energy East plan to convert a natural gas pipeline to carry oil will be positive.
A recent study by the Canadian Centre for Policy Alternatives of employment growth in Saskatchewan confirmed that the key factor was commodity prices.
This is a reminder of why many are concerned about Canada becoming overly reliant on the natural resource sector.
A recent report from the Parkland Institute calls on the Alberta government to take steps to prevent another bitumen bubble from occurring.
The report points out that during the 2005-2008 boom, most Albertans were worse-off. People were working longer without seeing a significant improvement in income, public services were struggling to cope and homelessness increased.