General Blogs

  Canada's new climate plan explains the price we pay for procrastination Actions taken a decade ago would be bearing fruit now. We're running out of time. Addressing unnamed politicians who would say that the current moment — with the war in Ukraine stoking inflation and driving up gas prices — is a bad time for fighting climate change, Prime Minister Justin Trudeau told his audience in Vancouver on Tuesday that "this is no time for excuses." "The question is not whether we keep going on climate action," Trudeau argued. "The question is how much more we can do, and how quickly." The climate plan Trudeau's government released on Tuesday is one proposal for how much and how fast Canada should move. His government will continue to face questions about whether it is moving as quickly as it could. But the new report also shows exactly how much bolder Canada's governments and industries must be if this country is to do its part to ensure a livab...

  As buyers shy away from Russian oil, security concerns are reshaping global economy Shortly after Canada and other Western democracies announced sanctions on Russia, the world heard a frightening warning about the impact they would have — not just on Russia, but on the global economy. The warning came from Russia's deputy prime minister, Alexander Novak, and its focus was the world price of oil. "It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market," Novak said in a televised statement. "The surge in prices would be unpredictable," he warned. "It would be $300 per barrel, if not more." As the North American price of oil fell back to about $100 this week, it was easy to scoff at the Russian official's alarmist warning. But while there are good reasons that oil prices above $300 US are not in the cards, the invasion of Ukraine has set in motion a series of events that will l...