Ottawa does not fully understand the consequences of its policy
By Nathalie Elgrably-Levy and Valentin Petkantchin The federal government’s new luxury goods tax, which took effect on September 1, targets luxury cars, private jets and yachts. Without originality, it is part of the traditional logic of taxation which aims to “make the rich pay.” However, we often forget the economic, indirect and longer-term effects, which…
They could be the catalyst to finally getting something done in Canada
One of the best ideas that has gone nowhere is the creation of resource corridors for long-distance transportation infrastructure using routes where land-use and development issues are resolved in advance. Historically, the path of transportation infrastructures like railroads, highways, power lines and pipelines has been “map and ruler,” a straight line at the lowest cost.…
Oil and gas tech will do more to reduce emissions than disinvesting from the sector
The business leader responsible for nearly $540 billion of Canadian pension investment has no plan to sell off interest in companies just because they’re involved in oil and gas. The critical task of reducing global emissions will require the skills of people inside these companies, according to John Graham, CEO of Canada Pension Plan (CPP)…
Increasing spending does not contradict efforts to reduce emissions, says IEF
World energy markets are facing a “red alert,” and there’s more trouble ahead without enough investment going into oil and gas to meet demand, according to a new report by the International Energy Forum (IEF). “At a time when the global energy crisis calls for more supply, underinvestment in hydrocarbons will be the main reason…
While timing is important, action is more important. From action comes the fundamentals of success
Peter told me about his latest and greatest idea to improve his business. He was so excited because this new revenue stream was going to ensure his organization had stable income and would thrive again. This particular business seemed to have had its glory days 40 years ago. But this new leader was adamant that…
The journey for your startup is just beginning
Yipee! Your startup has been funded. You suddenly have sufficient capital to put in motion the plans your pitch deck promised your new investors. Term sheets negotiated, first wired funds received, shares issued. So, now what? The world of startups is filled with cautionary tales of startups which can’t seem to navigate the new world…
Analysis tool could help companies decide which innovations are worth the investment
Environmental reclamation is necessary, but sometimes it’s expensive for industry. What materials work best? Which ones are worth the investment? University of Alberta researchers are inching closer to answering those pressing questions through a project that looks at two reclamation materials with commercial potential: chicken feathers and biochar, a blackened byproduct created from waste like cow…
Energy investment continues to significantly lag the rest of the world
New oil and gas megaprojects worldwide are getting the green light as global energy demand surges – new ones outside of Canada, that is. Total world spending on oil and gas production and liquefied natural gas (LNG) is expected to rise this year to about US$456 billion, up from US$418 billion in 2021, according to…
Lack of investment in the industry could lead to an energy crisis
Led by kingpin Saudi Arabia, oil-producing nations are gaining confidence and delivering a message: the oil era is far from over. Last week, Saudi Petroleum Minister Prince Abdulaziz bin Salman warned that global oil production could drop by a massive 30 million barrels per day (bpd) by 2030. That’s around 30 per cent of the…
The trend to lower investment in the private sector began in 2015
Gross domestic product (GDP) is what economists call the totality of goods and services Canada produces. It’s often referred to as the economic pie. We all want a share of the pie. Most of us think it’s only fair that all Canadians should be able to enjoy at least a basic level of income. Therefore,…