This expanded version of the Monitor summer reading guide takes a break from frenetic social media feeds to assess the fluctuating political and economic reality from a place of relative stability: books. Rather than just telling us what they will be reading this summer, contributors ground longer arguments about the state of the world in recent Canadian and international non-fiction releases with a connection to the CCPA’s underlying mandate: to promote social, economic and environmental justice.
This report investigates the tariff impacts on Canadian exports if the U.S. Trump administration made good on repeated threats to terminate the North America Free Trade Agreement (NAFTA), forcing Canadian exporters to fall back to World Trade Organization (WTO) rules and tariff rates. The general impacts are surprisingly modest, although some sectors facing tariff peaks would be hit harder. Based on 2016 trade figures, reverting from NAFTA to WTO bound tariff rates would have resulted in, at most, $US4.2 billion in extra tariff costs (1.5% of the value of Canadian exports to the U.S.
This paper looks at the growing concerns that First Nations in British Columbia have with the fossil fuel industry’s increasing need for large volumes of water for natural gas fracking operations.
BC can respect Indigenous rights and better protect our shared waters
This report finds that for the first time ever, Canada’s private sector is racking up debt faster than any other of the world’s 22 advanced economies, putting the country at risk of serious economic consequences. The report reveals that Canada added $1 trillion in private sector debt over the past five years (in 2016 dollars), with the corporate sector responsible for the majority of it.
The role of government in Alberta, both involvement and funding, has been critical in ensuring that more than narrow corporate interests were served in the development of the province’s bitumen resources.
A new report contrasts the approaches taken by two former premiers during the industry’s early development and rapid expansion periods.
When Alberta’s first New Democratic Party (NDP) government swept to power in 2015, it inherited over four decades of Progressive Conservative (PC) energy policies, including development of the Alberta oil sands that by 2015 had become the key driver of the province’s economy.
One of the primary rationales for Kinder Morgan’s Trans Mountain pipeline expansion project (TMEP) is to maximize the price for Alberta bitumen by getting oil from Alberta to “tidewater”. Tidewater refers to ocean access in order to ship oil to overseas markets via tankers. Industry and the federal and Alberta governments argue that a pipeline to tidewater will unlock new markets (Asia in the case of the TMEP) where Canadian oil can command a better price than in the US, where the majority of Canadian oil is currently exported.