Public-sector pension plan managers in Canada are being asked to explain their investments in an energy company building a new fossil fuel facility on the West Coast.
The US$310-million liquefied natural gas facility, called Tacoma LNG, is being built at the Port of Tacoma by Puget Sound Energy (PSE), a utility in the state of Washington, and is expected to be completed next year.
Here is a word that risks deterring you from reading on much further, even though it may hold the key to understanding why we are in such a terrible political, economic and social mess. That word is “externalities”.
"Enbridge has imposed on the people of Michigan an unacceptable risk of a catastrophic oil spill in the Great Lakes that could devastate our economy and way of life."
Environmental and Indigenous activists celebrated Friday after Democratic Michigan Gov. Gretchen Whitmer took action to shut down the decades-old Enbridge Line 5 oil and natural gas pipelines that run under the Straits of Mackinac, narrow waterways that connect Lake Huron and Lake Michigan—two of the Great Lakes.
Emissions of a potent greenhouse gas from Canada's oilpatch are nearly twice as high as previously thought, says newly published federal research.
The findings on methane from Environment Canada researchers could complicate regulatory attempts to nearly halve releases over the next five years, says an environmental group.
"That target will not be met unless the regulations are significantly strengthened," said Dale Marshall of Environmental Defence.
