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Our Times 3

Andrew Nikiforuk

  • Canada’s dirty $20-Billion pipeline bailout

    Finance Minister Bill Morneau has proposed sacrificing Canadian taxpayers to bail out an uneconomic US pipeline owned by former Enron executives. Let’s parse the fantastic numbers, because they will affect all of us. And the bill for taxpayers won’t be $4.5 billion as Morneau claims, but much closer to $20 billion, says economist Robyn Allan.

  • Ottawa Approves Controversial Chemical for Ocean Oil Spills

    Recent U.S. studies based on the performance of Corexit during the Gulf of Mexico spill show the synergistic action between the chemical and crude oil can make oil 52 times more toxic to planktonic marine life than oil itself. The chemical also kills natural ocean bacteria that can biodegrade oil while favouring bacteria that does not.

  • Why the Wild Descent of Oil Is Cause for Concern

    But the global economy is now confounding academic theorists. Falling gasoline prices haven’t propped up the economy, or stimulated growth for that matter. In fact, global finance appears to be driving into another recession while debt grows, innovation disappears, capital investment recedes and wages stagnate.

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