Over 40 percent of Thames Water, a troubled utility company in the United Kingdom, is owned by OMERS and BCI. These are two of Canada’s biggest public pension fund managers. The British utility is facing regulatory scrutiny and penalties for sewage leaks that require a financial bailout. Investors refused a request by Thames for more than £3 billion ($5.2 billion). Ontario’s OMERS has written down its Thames investment to zero. Presumably, British Columbia’s BCI has done the same…
An organization in the United Kingdom aims to identify funders of think tanks that work to influence public policy. While the group’s focus is on the UK, it is a safe bet that political operatives and large organizations use their financial resources to achieve similar objectives in Canada and other nations…
The possibility of Corus Entertainment Inc. disappearing may astound people. However, there is a common pattern following intergenerational transfers of business interests. Reuter’s Chris Taylor reported: 70 percent of wealthy families lose their wealth by the second generation, and a stunning 90 percent by the third…
Years ago, well managed radio stations enjoyed operating profits that could reach 50 percent of revenue. Having permits to broadcast were said to be like having licences to print money. Those days are no more. But one company has fared worse than most. Far worse.
Ali Velshi is a journalist often seen on MSNBC. Promoting a new book, he appeared on NPR’s Fresh Air. The program covers much ground and is worth our attention. The end segment resonates since it cautions us to know the difference between news and nonsense…
Climate change actions of British Columbia and Manitoba are inadequate and the main efforts by Alberta and Saskatchewan to reduce greenhouse emissions are illusory. While provinces in central and eastern Canada have reduced harmful discharges, western provinces have done the opposite…
MIT’s Dr. Peter S. Park and academics associated with the Center for AI Safety examined deception by Artificial Intelligence. They conclude that increased capabilities of AI pose a serious risk and computers are now capable of inducing false beliefs and encouraging harmful outcomes…
I was planning to write about the dangers of unregulated artificial intelligence, but ChatGPT told me that AI is not inherently dangerous. So I’ll leave that subject for another day. Besides Monday was too good a day for pessimism…
After watching a grandchild and other nine-year-olds playing in a Little League baseball tournament, I was reminded about the positive and negative aspects of youth sports. Done right, they’re beneficial. Done wrong, they’re harmful.
On Facebook, Northeast BC resident RanD Hadland says he visited the Bennett Dam and gained an understanding of why the downstream Peace River is so low. Behind the dam is the Williston Reservoir. Despite ongoing drought conditions, British Columbia has allowed oil and gas companies to draw water for fracking from waterways in the northeast, including the Peace and Liard rivers.
Climate change denialism remains strong. It has been strongly linked to right-wing nationalism and to the anti-feminist far-right but it was built primarily with funds from oil companies. Denialists have accumulated wealth by serving fossil fuel interests.
I won’t be much affected by climate change, but my grandchildren will pay a very high price. For older folks, watching this country do the wrong things for the wrong reasons is difficult. Many of us care much about the world we leave to future generations. Political leaders in Canada care too little…
The concentration of greenhouse gases (GHGs) in the atmosphere is a critical environmental issue. One important cause involves the production and use of fossil fuels. Canada’s government just released the National Inventory Report (NIR) detailing GHG emissions for the years up to 2022. It provides useful information, but it is incomplete.
An IN-SIGHTS reader asks, “Who gains from chaos on American university campuses?” He suggests the theme of the 1997 movie ‘Wag the Dog’ motivates Netanyahu. Dark forces believe the conflict in Gaza also serves Trump.
In the House of Commons, Conservative leader Pierre Poilievre told Canadians: “Everything is broken.” Canada is imperfect, but it is far from broken.
Professor Bent Flyvbjerg, Executive Chairman and co-founder of Oxford Global Projects has written about proponents getting large undertakings approved by using “strategic misrepresentation” when they conjure up budgets. Strategic misrepresentation is the planned, systematic distortion or misstatement of fact — lying — in response to incentives in the budget.
By consensus, climate scientists believe that future restorative actions will be futile if policies followed today are insufficient. In our daily lives, we routinely limit or reduce potential harms. However, elected representatives choose not to apply the precautionary principle if they believe economic interests would be negatively affected.
According to MIT Economics Professor Daron Acemoglu, a bountiful supply of good jobs is the best way to generate shared prosperity and also to cultivate civic and political participation from the broad cross-section of society. But organizations that regularly appear in corporate media are paid to oppose the concept of shared prosperity…
We dined recently at an “upscale casual” restaurant in Port Coquitlam. The service and the food were fine, but I was troubled by the noise level. My iPhone decibel meter calculated an average of 86 decibels with a peak level of 95 dB reached often. While the noise level I experienced may do little harm to a diner exposed for only 90 minutes, the risk is quite different for servers working hours-long shifts…
If I told my spouse that I had decided to buy a car for $30,000, then I returned home with one priced at $150,000, she would bar me from the house. The same should happen to every person from bureaucrat to politician who said taxpayers ought to build an oil pipeline.
Aside from "The Chosen One'" PhD niece, Mary Trump, who is investigating the psychological side of DJT? Erika Jordan. Erika…
The first indication that the UK could shift focus on energy resulted in a nation-wide ban on fracking. The next…
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The US influence extends it's foreign policy to unwitting allies with the UK and Canada being prime examples. With this…
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I believe Canadians made the right choice in the last general election. Mark Carney has represented us well on the…