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…

Manitoba mining industry buried by policies, taxes

Mining investors dramatically downgrade Manitoba in annual survey. Only the provincial government can fix this

Manitoba mining industry buried by policies, taxesBy Kenneth Green and Ashley Stedman The Fraser Institute Manitoba is no longer a top-ranked jurisdiction for mining investment because of government policy uncertainty, according to the Fraser Institute’s annual survey of mining companies. Every year, the Fraser Institute surveys mining companies around the world to determine which jurisdictions are attractive – or unattractive –…

One big asteroid could ruin the mining industry

The space race is on and the payoff is an untold cache of precious metals, large enough to completely dwarf the world's biggest mining companies

One big asteroid could ruin the mining industryWhile not literally pie in the sky, asteroid mining used to be science fiction. It's getting closer to reality. Various private space companies have focused on launching satellites, with hazy side-bets on future colonization ventures. And now, technological advances make mining asteroids a legitimate prospect. There are millions of asteroids in space, many orbiting between…

Digging into mining investment growth

Mining investors will flock to jurisdictions that have attractive policies, and capital will follow, along with the ancillary benefits of jobs and tax revenue

Digging into mining investment growthBy Kenneth Green and Ashley Stedman The Fraser Institute Ontario has received some good news from mining investors. Those investors now see the province as one of the top 10 most attractive regions for mining investment worldwide, according to the Fraser Institute’s annual survey of mining companies. Every year, the institute surveys miners around the…

Electric vehicles pose a dilemma of conscience

When we consider the source of electricity, the invasive nature of copper mining for batteries and components, and other factors, the jury is out

Electric vehicles pose a dilemma of conscienceIn the push to normalize electric vehicles, many forget it’s not the end of the road as far as environmental impact is concerned. Presumably, those using electric vehicles or hybrids are motivated by a desire to improve the environment, especially by reducing carbon emissions into the atmosphere. Many owners of these vehicles derive satisfaction and…

Ring of Fire: burning down a rare economic opportunity

First Nations can’t veto development in northern Ontario. They must engage in good faith, just like business and governments, and not squander this opportunity

Ring of Fire: burning down a rare economic opportunityBy Joseph Quesnel and Kenneth Green The Fraser Institute It’s often said that successful First Nations must operate at the speed of business, not the speed of government. That certainly applies to First Nations affected by the Ring of Fire mining proposal. Long delays and lack of communication between governments and the nine First Nation communities…

Uncertainty discouraging mining investment in Canada

Spending on exploration – the lifeblood of the industry – dropped for the fourth consecutive year and is at its lowest point since 2005

Uncertainty discouraging mining investment in CanadaBy Kenneth P. Green and Taylor Jackson The Fraser Institute In recent years, depressed commodity prices have plagued Canada’s mining industry. One recent report showed that spending on exploration – the lifeblood of the industry – dropped for the fourth consecutive year and is at its lowest point since 2005. Amid conditions like these, when…

The dawning of a transformative new energy era

The stars are aligning for the energy and mining sectors, but the two sectors must collaborate to take advantage of the changing landscape

The dawning of a transformative new energy eraIt's interesting to study two sectors that should be joined at the hip in defence of their futures and wonder why they're not – at least not in any publicly or politically discernible way. I'm involved with two teams that provide essential insights to Canada's two most important resource sectors: energy and mining. The people associated…