Since late last year, tens of thousands of French have hit the streets in protest of the country’s rising cost of living and shrinking opportunities. Many of these gilets jaunes protesters, named after the yellow safety jackets they wear in public, rely on their vehicles to get to work, or to do their work. President Emmanuel Macron’s proposed carbon tax, which would have added painfully to the cost of working in France, was the final straw.
This May, Canada marks the 100th anniversary of the Winnipeg General Strike, when tens of thousands of people walked off their jobs in sympathy and solidarity with building and metal trades workers whose employers were refusing to bargain for fair wages and working conditions.Though the strike failed in its immediate goals, the example it set reverberated across the country and the world, inspiring political upheaval at all levels in Canada, and ultimately transforming the balance of power between workers and the bosses for many generations.
In this issue:
Ten years ago the political geographer David Harvey wrote, “The freedom to make and remake our cities and ourselves is…one of the most precious yet most neglected of our human rights.” With roots in 1960s civil rights struggles, Henri Levebvre's concept of a "right to the city" was revitalized by Harvey and others in the heat of the 2008 financial crisis and Occupy Wall Street.
EDMONTON – As debate continues to rage over pipelines and the current price differential for Alberta’s oil, a new Corporate Mapping Project report analyzes how the five companies that dominate the oil sands sector have fared during the recent boom-bust commodity cycle.
This report analyzes the economics of the five largest bitumen-extractive corporations in Canada, examining their key features and analyzing their accumulation dynamics in the context of the latest commodity cycle: boom (2004–2014), bust (2014–2016) and restructuring and consolidation (2015 onward). The “Big Five” are Suncor Energy, Canadian Natural Resources Limited (CNRL), Cenovus Energy, Imperial Oil and Husky Energy.
Illustrations by Alisha Davidson At 11 p.m. on July 5, 2013, a 10,290-tonne train is parked on the main track on top of a hill in Nantes, a village in the southeast corner of Quebec. The night is warm, the air still. The stars shine brightly in a cloudless sky.
Many Canadians - politicians and business people in particular - are quick to tout the value of the fossil-fuel sector to our national economy. But who primarily benefits from these industries? The major investors in Canada’s fossil-fuel sector (oil, bitumen, gas and coal) have high stakes in maintaining business as usual, rather than addressing the industry’s serious climate change issues.
VANCOUVER - The major investors in Canada’s fossil-fuel sector have high stakes in maintaining business as usual rather than addressing the industry’s serious climate issues, a new Corporate Mapping Project study reveals.
This study shows that substantial ownership and strategic control over Canada’s fossil-fuel sector are in the hands of a few major players, including all the Canadian big banks and several US investment funds, governments and some wealthy families—many of which are located outside Canada. And, these investors have high stakes in maintaining business as usual rather than addressing the industry’s serious climate issues. They have both an interest in the continued growth of the sector and the economic power to shape its future.