Skip to main content

Featured

Gas Is Still $1.81 a Litre: Why Pump Prices Won't Fall (and What to Do Before Winter)

  Canadians hoping for relief at the pump got bad news heading into this week: it isn't coming soon. The national average for regular gas was $1.81 a litre on Friday, according to Kalibrate, with provincial averages ranging from $1.557 in Alberta to $2.156 in Newfoundland, per GasBuddy. That's after a big policy move. On Friday the G7 announced plans to release 100 million barrels of oil right away, starting with diesel. Brent crude dipped on the news, then climbed back to about US$102 a barrel by the afternoon. Don't expect the release to show up at your station, because crude is only half the story. Crude oil explains only half your pump price Wood Mackenzie's Jim Mitchell says crude makes up 50 to 60 per cent of the retail price of gas. The rest is the cost of refining it, and that's where the squeeze is. Bank of Canada Governor Tiff Macklem pointed to damaged refining capacity worldwide in a Sept. 21 speech, noting that pump prices reflect crude roughly US$40 a ...
Post a Comment
Read more

article

Labels

Denmark’s Green Revolution: 1 Billion Trees and 10% Farmland Conversion

 

In a groundbreaking move towards environmental sustainability, Denmark has announced an ambitious plan to plant 1 billion trees and convert 10% of its farmland into forests and natural habitats over the next two decades. This initiative, hailed as the most significant transformation of the Danish landscape in over a century, aims to reduce fertilizer usage and combat climate change.

The agreement, reached by a coalition of Danish lawmakers, allocates 43 billion kroner (approximately $6.1 billion) to acquire land from farmers. This will result in an additional 250,000 hectares (618,000 acres) of forest and the conversion of 140,000 hectares (346,000 acres) of low-lying, climate-damaging soils into natural habitats. Currently, forests cover 14.6% of Denmark’s land, and this initiative will significantly increase that percentage.

Jeppe Bruus, head of Denmark’s Green Tripartite Ministry, emphasized the historical significance of this change, comparing it to the draining of wetlands in 1864. The plan also includes a groundbreaking measure to tax livestock farmers for the greenhouse gases emitted by their animals, starting in 2030, making Denmark the first country to implement such a tax.

This comprehensive approach reflects Denmark’s commitment to leading the way in environmental conservation and climate action, setting a precedent for other nations to follow.


Labels:

Comments

Post a Comment