Prime Minister flies to Maritimes

Prime Minister Trudeau to fly to Canada’s maritime provinces today, dumping more carbon into the atmosphere to encourage future climate catastrophies.

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Guardian: Growth kills millions in china

Although China imposed the world’s strictest lockdowns to protect its people from Covid-19, the deadly impact from non-communicable diseases is much less well understood and threatens to kill tens of millions of Chinese in the coming decades without tougher public health policies.

China has been transformed in recent decades by an economic miracle that has seen rapid industrialisation and the transfer of hundreds of millions of people from the countryside to towns and cities.

This enormous change has lifted multitudes out of poverty and given them a better standard of living than they enjoyed in rural areas. But along with higher wages and urban living have come “western” diseases such as cancer linked to very high rates of smoking, and diabetes and heart disease thanks to a richer diet, lack of exercise and high blood pressure.

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Climate Devastation and Fossil Fuel Profits – The Bullet

What do Pakistan, Puerto Rico, and Jackson, Mississippi, have in common? They’ve all recently experienced climate-related catastrophic rains and flooding, resulting in the loss of homes, electricity, and running water. But, even more importantly, they are all low-income regions inhabited by people of color – the prime victims of climate injustice. They face inaction from negligent governments and struggle to survive as fossil fuel companies reap massive profits – a status quo that United Nations Secretary-General António Guterres has called a “moral and economic madness.”

According to the Associated Press, “Oil companies in July reported unprecedented profits of billions of dollars per month. ExxonMobil posted three months profits of $17.85-billion, Chevron of $11.62-billion, and Shell of $11.5-billion.”

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Food Barons 2022 | ETC Group

ETC Group’s 2022 update of corporate concentration offers a snapshot of the world’s Food Barons – the biggest players up and down the industrial food and agriculture chain. We examine the leading corporations that control each of 11 key industrial “agrifood” sectors: seeds, agrochemicals, livestock genetics, synthetic fertilizers, farm machinery, animal pharmaceuticals, commodity traders, food processors, Big Meat, grocery retail and food delivery. Rankings are based on 2020 sales figures.

[Their] findings show that many agrifood sectors are now so “top heavy” they are controlled by just four to six dominant firms, enabling these companies to wield enormous influence over markets, agricultural research and policy-development, which undermines food sovereignty.

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OECD flags degrowth (smile!)

Global [de]growth is projected to [strengthen] weaken further in 2023

Global growth is projected to remain subdued in the second half of 2022 and ease further in 2023, resulting in annual average increases of just under 3% in 2022 and 2¼ per cent in 2023 (Figure 7). Relative to OECD projections made in December 2021, before the war in Ukraine, global output in 2023 is now projected to be some USD 2.8 trillion lower (in PPP terms and 2015 prices).

One key factor slowing global growth is the ongoing generalized tightening of monetary policy in most major economies in response to the greater-than-expected overshoot of inflation targets over the past year. In addition, the erosion of real disposable household incomes, low consumer confidence and high prices for some energy products, especially natural gas in Europe, will negatively affect both private consumption and business investment.

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Guardian: How the gas industry capitalized on the Ukraine war to change Biden policy

The Russian tanks and armored vehicles had barely begun to roll into Ukraine before the fossil fuel industry in the US had swung into action. A letter was swiftly dispatched to the White House, urging an immediate escalation in gas production and exports to Europe ahead of an anticipated energy crunch….

Six months on from the letter, Russia’s invasion has stalled and in places retreated, but the US gas industry has achieved almost all of its initial objectives. Within weeks, Joe Biden’s administration adopted the gas industry’s major demands as policy. They paved the way for new pipelines and export facilities, established a new taskforce to boost gas exports to Europe and approved $300m in funding to help build out gas infrastructure on the continent.

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Three Congressional Hearings on Climate Disinformation Bring New Industry Documents to Light

This week was a big one for climate hearings! Rep Katie Porter and her Natural Resources Subcommittee on Oversight and Investigations has been looking into PR firms and their role in warping the public discourse on climate. She had a hearing on that subject this week. Rep Jamie Raskin and his Oversight Subcommittee on Civil Rights and Liberties focused the third of his free speech hearings on attacks on environmentalists last week and reps, Carolyn Maloney, and Ro Khanna focused the third of their climate disinformation hearings this past week on climate justice and shared some explosive new documents that their investigation has uncovered.

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The past two years have proven anew that when the rich get richer it doesn’t ‘trickle down’.

The world’s richest 1 per cent increased their wealth until they owned more than the bottom half of the world’s entire population.

The world’s billionaires saw their wealth increase by nearly 70 per cent during the pandemic.

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Explainer: What are Canada’s worst tax loopholes? | Canadians for Tax Fairness

The Canadian government loses over 40 billion dollars every year because of tax loopholes.

Most of that money ends up in the pockets of large corporations and very rich people, whose wealth would continue to grow even if those loopholes were closed.

Meanwhile, the public services we all benefit from such as healthcare, education, public transport, and protecting the environment, remain underfunded.

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Degrowth is the only path to a sustainable future – Owen Schalk in Canadian Dimension

There is no time left. Entire regions of the Earth’s surface bake at regular intervals, killing thousands in brutal and now-routine heat waves. The immolation of incomprehensibly large swathes of woodland is going on, somewhere, right now. Climate refugees are already a reality, as the floods in Pakistan demonstrate. The latest report from the Intergovernmental Panel on Climate Change asserts that “any further delay in concerted anticipatory global action on adaptation and mitigation will miss a brief and rapidly closing window of opportunity to secure a liveable and sustainable future for all.”

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