Qatar’s decision to aid Turkey in the face of American sanctions against the country may finally be a snub too far for its close relationship with the US.
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won’t work.
Cheap Venezuelan oil boosted Nicaragua’s economy and funded President Daniel Ortega’s many anti-poverty programs. With Venezuela in crisis, the oil has dried up – as has support for Ortega’s regime.
Saudi Arabia has said it won’t curb the flow of oil to Canada, but the Maritimes should think more seriously about replacing the Saudi supply with crude from more trusted sources.
American policymakers and lawmakers are floating unilateral sanctions against Russia, Iran and even Turkey in an effort to change behavior. But research shows sanctions only work in narrow circumstances.
Even if Asia buys most of the natural gas the U.S. will be exporting soon, America’s growing role in that market could wind up reducing Russia’s political influence in Europe.
Canada has a long history of building energy pipelines against a backdrop of environmental uncertainty. Decades ago, the opposition came from local groups. Now it’s a global issue.
Australia’s recently announced review of its national fuel stockpiles is timely indeed. The country is almost totally reliant on oil being shipped through some of the world’s most contested regions.
A recent study suggests that divesting in fossil fuels not only allows investors to address their climate change concerns, it also reduces financial risks and increases financial returns.
Canada has committed to cutting GHG emissions 30 per cent by 2030 from 2005 levels. Can Canada’s oil capital lead the charge? New research shows it’s within reach with bold actions on several fronts.