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Obama hits Keystone again but declines to threaten veto

2014-12-20 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Politico: President Barack Obama poured cold water once again on the alleged economic benefits of the Keystone XL oil pipeline on Friday -- a theme he has sounded frequently in the past few months, increasing speculation that he will eventually kill the project. Obama said at his year-end news conference that the Alberta-to-Texas project would have "very little' effect on gasoline prices and do little to improve the economy. He acknowledged that building the pipeline would create a "couple thousand' temporary...

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With sub-$60 oil, fracking and tar sands losses threaten financial system

2014-12-17 10:56:00| Climate Ark Climate Change & Global Warming Newsfeed

Ecologist: A new financial crisis is threatening to dwarf the 'subprime' mortgage debacle, writes Paul Mobbs. Cheap money from central banks has fuelled some $1.3 trillion of risky investments in high-cost 'unconventional' oil and gas. Now, with oil sinking below $60, all that paper is turning to junk - and that's putting the entire economic system at risk. Throwing free money after bad, the US fracking industry mopped up a large wad of QE cash, and shortly after the number of drilling rigs in the US took...

Tags: system financial oil losses

 
 

Keystone XL and Galilee basin threaten to bring down the global climate talks

2014-12-10 23:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The worlds nations are meeting in Lima, near the equator, to pledge and promise about global warming. But the actual worth of those promises can be more accurately gauged in the far north and the far south of the planet, where real decisions in the next months will show whether the climate concern is rhetorical or real. By now most people know about the northern example: the tar sands of Alberta. Some time in the coming months the new Republican-controlled Congress will demand that Obama approve...

Tags: global bring talks climate

 

Will The Drop In Oil Prices Threaten Railroads?

2014-12-01 11:58:29| Railroads - Topix.net

Railroad stocks fell -4% to -8% on Friday after OPEC declined to cut oil production in the face of falling oil prices. Traders fear railroads will lose some oil-by-rail business if domestic production declines due to falling oil prices.

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Whole Foods Workers Threaten Action Against The Store If They Aren't Granted Higher Wages

2014-11-14 17:10:53| Grocery - Topix.net

Workers at a Whole Foods Market in San Francisco's South of Market neighborhood are demanding higher wages and the right to collective bargaining without being reprimanded by management. Specific demands include a $5 wage increase, better working conditions, a comprehensive health plan with affordable premiums and deductibles, and no retaliation for forming a union.

Tags: action store higher workers

 

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