You can’t #stayhome if you have no home – Macleans.ca
In quiet neighbourhoods all over Canada, families are sheltering at home alone, refusing to give the Coronavirus a chance to spread. But tens of thousands don’t have that option.
Tag Archives: politics
How the pandemic and an oil crash cratered Newfoundland and Labrador’s finances | CBC News
In the March 20 letter, Ball warned that Newfoundland and Labrador had “run out of time,” according to sources with knowledge of the events.
The province with Canada’s worst balance sheet had just been told that nobody wanted to buy Newfoundland and Labrador bonds. The government’s attempts to finalize both its short- and long-term borrowing programs had failed.
In other words, Newfoundland and Labrador couldn’t get the money it needed in the face of a pandemic.
Sources say the provincial government was on track to run out of cash by the middle of April.
CALGARY — TC Energy Corp. is proceeding with its long-delayed Keystone XL pipeline with a US$1.1 billion “strategic investment” from the Alberta government.
The province is making a preferred equity investment in the 830,000-barrels-per-day pipeline project that would carry oil from Alberta to the U.S. Gulf Coast, which is home to the largest concentration of heavy oil refineries in the world.
Any cost overruns will be paid by TC Energy, Kenney said, adding the government’s exposure to the project is limited to the $7.5 billion in preferred equity and loan guarantees.
Oil prices have crashed in the last month as the coronavirus pandemic has caused a dramatic fall in global demand for oil. At the same time, Saudi Arabia and Russia have flooded the market with crude as they engage in a price war.
However, Kenney said, the price war in the middle of a health crisis “highlights now more than ever why we need energy independence” and an interconnected North American oil and gas market.
Basic Income’s Lessons For Health Care’s ‘$1,007 Sandwich’
Today, there are 55 programs designed to help low-income earners, families, and members of other vulnerable groups in Canada. Advocates have argued that quasi-basic income cheques such as Old Age Security and the Guaranteed Income Supplement, and the Canada Child Benefit could be collapsed into one cash-transfer program for efficiency’s sake.
> It was once said that the moral test of government is how that government treats those who are in the dawn of life, the children; those who are in the twilight of life, the elderly; and those who are in the shadows of life, the sick, the needy and the handicapped.
> *Former U.S. vice-president Hubert Humphrey*
To be frank… If you replace low-income earners, families, and members of other vulnerable groups in Canada’s with $1000, You aren’t lifting anyone out of poverty.
Pandemic Response Should Mobilize Around Low-Carbon Solutions – The Energy Mix
With the coronavirus pandemic devastating the global economy and pushing world oil prices over a cliff, the federal government has two potential options in dealing with the oil and gas industry. It can give in to the predictable lobbying from fossil fuel interests, or it can use the virtual shutdown of the economy for industry mobilization.
But protecting the country and stabilizing the economy is not synonymous with shoring up a declining industry that has lost the confidenceof international investors, currently loses money on every barrel of oil it produces, and accounts for a massive proportion of the country’s greenhouse gas emissions.