Canada’s murky bailout deal for oil and gas will cost us all

The COVID-19 pandemic, coupled with low oil prices, have created extraordinarily hard times in oil producing provinces such as Alberta, and unemployment not seen since the Great Depression. Quite properly, the federal government has promised to help. But it is shameful that Prime Minister Justin Trudeau is using your tax dollars to bail out the oil and gas exploration and production industry, perhaps the wealthiest and most polluting industry in human history. For details, see my op ed in the National Observer.

More Posts

A letter from Alberta, again

I appear regularly on Amanda Lang's TV show on BNN Bloomberg. Inevitably, within a few hours I get an angry email from some man in Alberta. This week's writer was more polite than most in his insistence that only fossil...

Read More

When investing in oil loses money

Given this week's crash in the price of oil, I am re-posting my article about how faltering financial returns can help cost the oil industry its social license, and how governments and courts may then turn on it for its...

Read More

Berkshire Hathaway- wind power saves money

Berkshire Hathaway's annual report is always a revealing read. At page 9, they report that generating virtually all of the power demand of their customers in Iowa from wind has allowed them to charge electricity rates that are 70% less...

Read More

Open letter from the Climate Caucus to the Prime Minister

Letter to Prime Minister Justin Trudeau from the Climate Caucus One of my most engaging gigs is assisting the Climate Caucus of mayors and councillors across Canada. Proud to have contributed to this letter. April 22, 2020 To:       Justin Trudeau, Prime Minister of Canada Cc:         Members of...

Read More

Oil bailouts: an expensive, polluting way to protect jobs

Bailing out oil companies: an exceptionally expensive and polluting way to preserve jobs. We have much better options. Listen to my interview on CBC's Metro Morning. #CleanReset Here is a clearer version of Professor Eric Miller's excellent chart which I...

Read More
View All Posts