financial post

Thu, 2014-10-16 05:00Justin Mikulka
Justin Mikulka's picture

Oil-by-Rail Fuels Record U.S. Imports of Canadian Oil

Oil by rail

In September, many of the major railroad stocks hit new all-time highs.

Investors Business Daily attributed much of the increase to the business of moving oil-by-rail.

While the majority of the oil moving by rail has been fracked light sweet crudes from places like the Bakken and Eagle Ford shale basins, the railroads are telling investors that to keep increasing profits they are looking to expand the business of tar sands by rail.

This past week, the Wall Street Journal reported Canadian Pacific’s chief operating officer Keith Creel’s optimistic position about the growth prospects of moving tar sands by rail.

The growth is shifting from the light sweet Bakken crude which is the more volatile and sensitive, to the heavy crude in northern Alberta,” Creel said. “It’s safer, less volatile and more profitable to move and we’re uniquely positioned to connect to the West Coast as well as the East Coast.”

Thu, 2011-06-16 15:52Richard Littlemore
Richard Littlemore's picture

Ice Age Cancelled: Deniers Destined for Disappointment

The web is alive with idiotic commentary this week after the American Astronomical Society’s solar physics division heard three new studies, all pointing towards declining sunspot activity into the next decade.

But while the least professional journals (see the Financial Post link above) presented only the possibility that reduced solar energy could chill the planet, even sometimes-skeptical newspapers such as The Telegraph responded to the responsibility to include some scientific response confirming that a Grand Solar Minimum, even if one occurred, would not be sufficient to offset the effects and dangers of human-induced global warming.

For more complete looks at the goofy claims of an impending ice age, and more thoughtful presentations of the science debunking such a chill, check out Bad Astronomy, Peter Sinclair’s take on Climate Denial Crock of the Week or Joe Romm’s at ClimateProgress.

Wed, 2010-10-27 17:24Emma Pullman
Emma Pullman's picture

Financial Post Op-Ed Spins Familiar Tale of Climate Change Denial

The recent op-ed piece in Canada’s Financial Post by Czech President Václav Klaus is more than a little infuriating.  Klaus, an economist by trade with no background in climate science, has become a favourite skeptic for hire at the Heritage Foundation and other right-wing libertarian think tanks. 

Klaus is a vocal skeptic on the topic of global warming. His 2007 book argues that global warming is akin to a new religion or ideology that threatens to undermine freedom and the world’s economic and social order.  At a 2007 speech at the Cato Institute, he argued that, “Environmentalism should belong in the social sciences” along with other “isms” such as communism, feminism, and liberalism.  He went on to argue that, “environmentalism is a religion” and a “modern counterpart of communism” that seeks to change people’s habits and economic systems.

At his 2009 keynote address at the International Conference of Climate Change (a.k.a. Denial-a-Palooza), he maintained that environmental activists don’t necessarily care about temperature, or carbon dioxide, rather they care about rent seeking and political profit.  In an increasingly familiar trope, he argued that the climate change movement has become popularized because it gives politicians an excuse to exert more control over society.

Klaus delivered a keynote speech at last week’s Global Warming Policy Foundation Inaugural Annual Lecture in London.  According to his address, “Global warming in the last 150 years was modest and future warming and its consequences will not be dangerous or catastrophic.  It doesn’t look like a threat we should respond to,” he said.

Fri, 2008-02-15 20:25Richard Littlemore
Richard Littlemore's picture

National Post "Rabid Response Team" Assails Suzuki Over Jail Quote

The Post's pages of outrage (O'Neill, Gunter) were inspired (this time) by a Suzuki speech to the students of McGill University.

“The Doc,” as he is known to friends and insiders, apparently took full flight in exhorting students to action on the environment and, especially, on the issue of climate change. The Post reports the following, culminating quote:
 

What I would challenge you to do is to put a lot of effort into trying to see whether there's a legal way of throwing our so-called leaders into jail because what they're doing is a criminal act.”
Tue, 2007-06-05 17:59Richard Littlemore
Richard Littlemore's picture

Political Position Paper Masquerading as Business Survey

Look to the Financial Post business magazine ad feature (attached) for the latest bit of public relations spin on climate change and Kyoto.
Mon, 2007-04-09 11:18Richard Littlemore
Richard Littlemore's picture

National Post: Defending the Insensible

Here's a vintage piece from Canada's National Post, a long non sequitur that presumes to prove that CO2 is not threat - by calling it benign and by suggesting that there really isn't that much of it around.

Update I: Gunter's column was re-published in the Vancouver Sun today .

Fri, 2006-12-22 13:14Richard Littlemore
Richard Littlemore's picture

Denier Specialist Solomon Offers up Careful Culling of "Science"

Lawrence Solomon is back in the National Post with another in his series on climate change “deniers” - this time lauding the patriarch of the denial movement, Dr. Richard Lindzen.

First, let's concede that Dick Lindzen is probably the most credible climate change denier on record, even if his actual denials grow ever more conditional.

But it's a leap to go from Lindzen's caution about the certainties of science to Solomon's contention that the case for anthropogenic climate change is unproven. In fact, Solomon has misled his readers on that count.
Sun, 2006-11-26 17:51Jim Hoggan
Jim Hoggan's picture

In response to the Financial Post

The following letter was sent to the National Post yesterday, Friday, Nov. 24, 2006. A much-edited version ran in the business section today. We reprint the entire letter here for your interest:

I must respond to a series of unwarranted attacks by Financial Post Editor Terence Corcoran on me personally and on DeSmogBlog.com that I run, independent of my business (James Hoggan & Associates).

Sat, 2006-11-25 19:40Richard Littlemore
Richard Littlemore's picture

Climate Change Economics From a Real Economist

In an article entitled Mr. Corcoran, Meet Mr. Orwell, the Financial Post gives Simon Fraser University economist Mark Jaccard space to skewer its own editor, Terence Corcoran.

Jaccard makes all kinds of good sense arguing that a carbon tax would be the most effective way to begin to address the greenhouse gas problem. He also says that Corcoran's recent “diatribe (to the contrary) reminds me of George Orwell's Nineteen Eighty-Four, with Mr. Corcoran as Minister of Truth - redefining concepts and rewriting history to accord with his opposition to reducing such greenhouse gas emissions as carbon dioxide.”

Tue, 2006-04-18 16:30Jim Hoggan
Jim Hoggan's picture

Signatory Bails on Anti-Climate Science Petition

At least one of the 60 “accredited experts in climate and related scientific disciplines” who signed an open letter to Prime Minister Stephen Harper denying the reality of climate change has recanted, saying that he was misled as to the content of that letter when he offered his name.

Subscribe to financial post