Federal government should sell EDC before risks get too high

The Crown lender plays in an international vipers’ nest, so controversy and risk may be inevitable

Federal government should sell EDC before risks get too highExport Development Canada (EDC), a Crown lending corporation, faces controversy for funding Turquoise Hill Resources. The mining firm allegedly used offshore entities to minimize the taxes it pays, including to Canada. EDC’s $1-billion-plus loan to Turquoise Hill represents nearly 1.5 per cent of the lender’s assets. EDC is also trying to repossess a Bombardier executive…

Electric cars won’t save the world but they will destroy lives

Cobalt miners in the Congo, which has about 60% of the world’s known cobalt reserves, work for no salary and on a good day make $3 for what they finds. Deaths and injuries are common

Electric cars won’t save the world but they will destroy livesAnyone who says electric cars will save the world is dreaming. The adoption of electric cars over the next 20 years will barely shave a single per cent from the world’s greenhouse gas emissions. Meanwhile, the batteries that power these cars rely on a nightmarish swath of human devastation. Most electric car buyers who pride…

How to unleash Indigenous entrepreneurial potential

Chief Reginald Bellerose of Muskowekwan encourages First Nations to find the correct balance between politics and business

How to unleash Indigenous entrepreneurial potentialTo Chief Reginald Bellerose of Muskowekwan First Nation in southern Saskatchewan, the wave of the future belongs to Indigenous entrepreneurship. “Our entrepreneurial spirit has been dormant. We must re-ignite that spirit,” said Bellerose, the 13-year chief of the small Anishinaabe community on Treaty 4 territory. For the 49-year-old, the key is changing laws to unleash…

Saskatchewan top spot for mining investment in Canada, Alberta 11th

Alberta placed 49th internationally and 11th in the Canadian rankings, with only Nova Scotia worse

Saskatchewan top spot for mining investment in Canada, Alberta 11thSaskatchewan is the world’s second most attractive jurisdiction for mining investment after Finland, according to the latest Annual Survey of Mining Companies released on Thursday by the Fraser Institute. Alberta placed 49th internationally and in the Canadian rankings, the province was 11th of all jurisdictions, with only Nova Scotia worse. “Rich mineral reserves, competitive taxes,…