Showing posts from November 14, 2014

BREAKING: Massive 500,000 Litres toxic water spill near Vauxhall

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[These guys really go after these stories - you have to admire their persistence, no one else seems to do it. *RON*]
Derrick, West Coast Native News, 14 November 2014

On Nov 12, 2014 Spyglass Resources Corp reported to the AER that a pipeline incident occurred 12Km West of Vauxhall Alberta spilling over 500,000 litres of toxic produced water.

The Official AER report states:

Release of produced water from pipeline and migrated off the right of way and on to private land. The land owner has been contacted, and the company is in the process of removing free fluids and addressing the impacts to the soil. No reported impacts to any water body or wildlife.

Some History of Spyglass this year…

Apr 30, 2014, Spyglass Resources Corp. 42KM North West of Peace River, 1,000 Litres of Crude Oil and 9,000 Litres of Toxic produced water, that release went into a creek.

And then listed on May 1, Just 2Km away from the April spill. Spyglass Resources spills another 50,…

Tim Geithner reveals in the raw how Europe's leaders tried to commit financial suicide

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["Taped transcripts of the former US Treasury Secretary expose a catalogue of errors that will haunt Europe for years, made worse by misplaced righteousness." Oh, man... You know things are bad when Geithner is the smartest guy in the room. *RON*]
 By Ambrose Evans-Pritchard, Telegraph, 12 November 2014
So now we know: Europe’s leaders did indeed attempt to smash Greece back into the Stone Age out of vindictive rage; conspired to withhold debt support for Italy unless the elected leader was forced out; and mismanaged the EMU crisis for three years with a level of stupidity that makes you want to weep.

Timothy Geithner has revealed the details, unpleasant and alarming in equal measure. The former US Treasury Secretary hinted at some of these “short-comings” in his memoir, Stress Test: Reflections on Financial Crises.

Peter Spiegel, from the Financial Times, has now obtained the raw transcripts, laced with expletives.

The verdict is brutal. …

IMF’s Post-Crisis Austerity Call Mistaken, Watchdog Says

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[This is huge, in my opinion. The IMF's own internal watchdog - the Independent Evaluation Office - is saying that the call for austerity after the 2008 financial crisis was mistaken, a bad idea. *RON*]

By Andrew Mayeda, Bloomberg, 4 November 2014

The verdict is in on the International Monetary Fund’s call for government austerity in the aftermath of the 2008 financial crisis: bad idea.

Where the fund went awry was in its 2010 shift away from recommending government stimulus to calling for budget cuts in the biggest advanced economies, according to a report released today by the IMF’s internal watchdog, the Independent Evaluation Office. That turn was inappropriate given the global recovery’s modest pace, the report said.

The findings add credence to views of critics such as Nobel economics laureate Paul Krugman, who said in 2010 that austerity was a “terrible idea” at the time. The IMF has since shifted its position, calling on countries to ste…

Conservatives looking to add contempt of court to record

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[In contempt of Canadians, in contempt of parliament, and soon to be in contempt of court. *RON*]
By Kaity Cooper,, 13 November 2014

In March 2011, Harper's Conservatives became the first government in the history of the Commonwealth to be found in contempt of Parliament. That historic moment came about after Harper's then-minority government refused to disclose sufficient information about the cost of several big-ticket items such as the law-and-order agenda, corporate tax cuts and the plan to buy stealth combat jets.

The Conservatives now seem to be angling for a second contempt order, this time from the courts. In 2012, Cabinet overhauled the Interim Federal Health Program. With the changes, the government ended the more than 50-year tradition of funding comprehensive health insurance coverage for refugee claimants and others who have come to Canada seeking protection.

The effect of these changes was to deny funding for life-sav…

What the US-China Climate Deal Means for Tar Sands

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[Yet, when you compare this with the story about Obama's secretive approval of the near-doubling of the Alberta Clipper line (which is being challenged in court), Obama really is talking out of both sides of his mouth at once. *RON*]
Cameron Fenton, Canadian Tar Sands Organizer, Huffington Post, 13 November 2014

The climate deal between the US and China is a historic moment. It's not enough to match the scale of the climate crisis, but it's implications for extreme energy projects like Canada's Tar Sands are major. Here are five reasons why.

1. The Deal Reinforced Political Commitments to the 2°C Warming Limit.

In announcing their climate deal, the US and China committed to "the longer range effort to transition to low-carbon economies, mindful of the global temperature goal of 2℃", referencing the ceiling for warming agreed upon at the Copenhagen climate talks in 2009. With the world already close to crossing the …

Why the economy sucks, in one chart

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[The chart below compares the multiplier effect - in terms of jobs and dollars - of government policy: social expenditures (child care, health care, infrastructure, education) versus personal and corporate tax cuts. Current policy clearly results in fewer jobs and slower economic growth. *RON*] 
By Toby Sanger,, 14 November 2014

The following is something I've prepared for the next issue of CUPE's Economy at Work, a popular economics quarterly publication I produce.

In his annual Economic and Fiscal Update (EFU), finance minister Joe Oliver told Canadians that while the federal government will finally record a surplus next year after seven years of deficits, we can't expect the economy to grow much faster than the slow growth we've experienced since the financial crisis, with economic growth expected to average just 2.4 per cent over the next four years.

Economic growth in this recovery is a third slower than in the recove…

Lawsuit Targets Secretive Plan to Ramp Up Tar Sands Oil Shipments in Alberta Clipper Pipeline

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[The U.S. secretly approved a plan to allow Canadian oil giant Enbridge to double the amount of tar sands oil in the Alberta Clipper pipeline. THIS WILL PUT IT ON PAR WITH KEYSTONE XL. The approval this summer happened without public notice and without a legally required review that’s meant to protect air, water, wildlife, and public health, in spite of a previous State Department decision that any expansion of Alberta Clipper would require a federal permit. "The only thing worse than dirty oil is dirty oil backed by dirty tricks. This is the fossil fuel equivalent of money laundering.” - Kieran Suckling, Executive Director of the Center for Biological Diversity. *RON*]
Marc Fink, Gabby Brown, Center for Biological Diversity, 12 November 2014
MINNEAPOLIS, Minn.— Conservation and tribal groups filed a lawsuit today against the U.S. State Department’s secretive approval of a plan to allow Canadian oil giant Enbridge to nearly double the a…