Trudeau is wrong. LNG development is feasible

Canada has to step up to the plate and help its allies

Trudeau is wrong. LNG development is feasibleGerman Chancellor Olaf Scholz’s recent visit to Atlantic Canada was an opportunity for a serious long-term strategy to address several different aims: European Union (EU) energy security, East Coast economic development, Canadian energy industry growth (and higher federal tax revenue), and the likely-alarmist crusade to lower carbon dioxide emissions. The result of his visit, unfortunately,…

The marginal returns of ESG investing hurt us all

The first problem with ESG is the lack of firm, objective, and uniform standards, criteria and targets

The marginal returns of ESG investing hurt us allThe adoption of environmental, social and governance (ESG) standards by institutional investors is ultimately a form of woke and green social credit scoring for corporations. It is meant to cajole, if not compel, investible companies to adhere to rigid rules and criteria established by investors or outside entities, such as consultants, to satisfy so-called climate…

It’s time for the government to sell or shut down CMHC

It’s unclear if the feds are doing higher-risk, lower-income mortgage debtors any real favours

It’s time for the government to sell or shut down CMHCJust a few months ago, a regular national discussion was about house prices and a lack of affordability. No longer. With house, townhouse and condominium prices cresting, imminent data may likely confirm serious price declines. Mortgage carrying costs are rising as interest rates and debt servicing costs climb. The mortgage qualifying threshold is receding rapidly…

Stabilizing volative Alberta government revenues

And help Albertans cope with the scary roller coaster that is the economy

Stabilizing volative Alberta government revenuesAlbertans received the pleasant news that their deficit-plagued provincial government might bank a surplus for their concluding fiscal year and could very well experience the same this year. The reason for this happy state of financial affairs is the elevated price levels of oil and natural gas – coming just as a resurgence in the…

Via Rail should be shut down or sold by the federal government

Operational and funding costs are huge: $548M in 2019 (before COVID-19) and $597M in 2021

Via Rail should be shut down or sold by the federal governmentInvestment managers and investors should often ask: If I didn’t already own this stock, would I buy it today? By any criteria, Via Rail, a federal Crown corporation, is not a good investment – even under unrealistically favourable assumptions. The federal government should rigorously examine this charitably-designated ‘enterprise,’ then aim it toward one of two…

North American energy choices leading to disaster

Climate change fanaticism led to Putin's War

North American energy choices leading to disasterA few weeks ago, there was a violent First Nations-climate extremist attack on a Coastal GasLink natural gas pipeline construction site in British Columbia. In a seemingly unrelated development, German leaders decided last year to rapidly phase out nuclear energy with nothing to replace it. Also last year, the United States chose not to approve two pipelines.…

Bad central bank policy has us heading toward a recession

The next few months may only bring stagnation but a full-blown recession is more likely

Bad central bank policy has us heading toward a recession‘Financial repression’ refers to governments or central banks, such as the Bank of Canada or the U.S. Federal Reserve Board, intervening in financial markets to suppress interest rates. Central banks have been intervening for nearly two years, causing a serious disruption in the financial markets. The official rates of the Bank of Canada and the Federal…

The West needs to step up to curb Putin’s aggression

The leaders of the so-called “Free World” are in an ineffectual muddle

The West needs to step up to curb Putin’s aggressionThe predictable invasion of Ukraine by Russian dictator Vladimir Putin has put the outgunned Ukrainian forces in a very difficult situation. The leaders of the so-called “Free World” are in an ineffectual muddle. Surprisingly, Germany is finally making solid moves to shore up its military and become a NATO leader. Germany, a NATO financial delinquent,…

Why attempts to change Afghanistan keep failing

NATO largely ignored the ethnic, cultural, religious and other aspects of how Afghans live

Why attempts to change Afghanistan keep failingThe hasty, defeatist and craven withdrawal of U.S. and NATO forces from Afghanistan in August has compelled the “civilized” Western nations and their leaders to confront the failures and errors of the past 20 years, which resemble those of earlier conflicts. The initial supposed conquest of Afghanistan relegated the remnants of the Taliban zealots to…

How to put an end to bad government decisions

Bad government decisions have one thing in common: lack of independent oversight

How to put an end to bad government decisionsA litany of disastrous government decisions in Canada have sometimes cost lives and definitely many billions of dollars. The list is long: effectively cancelling the Global Public Health Intelligence Network; the failure to implement the pandemic preparedness protocols developed by the federal government’s public health officer; the Alberta government’s disastrous ‘investments’ in the Keystone XL…

Raising corporate tax rates will hurt us all

Raising corporate taxes would hurt firms’ profitability and growth. Employment and wages would suffer

Raising corporate tax rates will hurt us allThe finance ministers of more than 130 nations and territories have arrived at a tentative agreement to create a tax floor⁠ – a minimum corporate tax rate of a proposed 15 per cent. Its proponents, sadly including Canada, claim it will create a "level playing field" and stop a "race to the bottom." Some nations face…

Finally, an LNG project that just might get built

Rationality can prevail, clean, abundant natural gas can be used for decades, energy ‘transition’ or not

Finally, an LNG project that just might get builtAn estimated $55-billion liquefied natural gas (LNG) project to take natural gas from northeastern British Columbia to its northwest coast at Pearse Island recently received the blessing and financial and political backing of the Nisga’a First Nation. The First Nation is on the proposed pipeline route and is the site of planned liquefaction terminal. This…

Is China turning its back on science and progress?

Totalitarian societies such as China require conformity and loyalty, not independence of thought

Is China turning its back on science and progress?One of the most notable features of Nazi Germany was its anti-intellectualism. While it claimed to be at the forefront of scientific and technical advances, its ideology and totalitarian rule made free enquiry and interchange between scientists and other technical people untenable. Researchers became wary of making bold assertions, even when backed by solid evidence…

The economic dangers of a new inflationary era

Interest rates will rise dramatically to compensate financial institutions with effects lasting for years

The economic dangers of a new inflationary eraIt’s not entirely clear whether the Canadian and the global economies are heading for a new inflationary era. It may turn out that inflation is not only elevated from recent negligible levels, but escalates, steadily at first, and then dramatically, as it did in the 1960s until the early 1980s. If it does, the havoc…

Wealth taxes ultimately cripple economic growth

The rich put their earnings into new ideas, venture capital funds and angel investments

Wealth taxes ultimately cripple economic growthThere has been increasing clamour from some circles to impose a wealth tax upon Canadians. The usual government-expanding social ‘democratic’ pressure and interest groups are especially enthused by the idea. They also claim it’s popular among the public. A one-time tax of three per cent on individuals with wealth above $10 million and five per cent…
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