A major effort to expand development of Canada's oil sands has collapsed shortly before a deadline for government approval, undone by investor concerns over oil's future and the political fault lines between economic and environmental priorities.
Nine years in the planning, the project would have increased Canada's oil production by roughly 5 percent. But it would have also slashed through 24,000 acres of boreal forest and released millions of tons of climate-warming carbon dioxide every year.
And here's another article:
Edgeworth Economics Recognized as Top Economic Consultancy by Global Competition Review |
GCR 's profile on Edgeworth notes the firm's 10-year anniversary and highlights some of its competition work and accomplishments, including advisory to a leading technology firm in an arbitration case involving issues of price-fixing. Another case featured was Edgeworth's advisory on an antitrust matter in a case brought by the US Federal Trade Commission.
"We are pleased to be recognized by GCR once again," said Edgeworth CEO Dr. John Johnson. "Over the past decade, Edgeworth economists have had the honor to work on groundbreaking cases on behalf of the world's leading law firms and companies. Continued inclusion in the Economics 21 reflects our ongoing commitment to providing superior rigor in our economic analysis and exceptional client service."
Coronavirus: As outbreak spreads, risks to US economy grow
As the coronavirus spreads and raises the risk of recession, some analysts are further downgrading their forecasts for the U.S. economy.
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The outbreak is taking a growing toll on the U.S. economy, chiefly through reduced travel and tourism, Zandi says. Also, manufacturers will likely export less to Asia and Europe as demand there slackens. And lower imports from those regions are expected to lead to shortages of intermediate parts and retail products in the U.S., along with higher prices that curb consumer spending.
Mexican Economic Output Shrank in 2019, Data Confirm - WSJ
MEXICO CITY—The Mexican economy contracted in 2019 for the first time in a decade, revised government data confirmed Tuesday, with drops in industrial production and investment marring the first year in office of President Andrés Manuel López Obrador.
Gross domestic product, a measure of output in goods and services, declined 0.1% in seasonally adjusted terms in the fourth quarter from the previous quarter, the National Statistics Institute said. That was revised down from flat in a preliminary reading last month.
While you're here, how about this:
Why are reforms proposed by economists opposed by citizens?
Coronavirus Stalls Milan, Italy's Economic Engine - The New York Times
MILAN — The landmark Duomo Cathedral, its spires towering over Milan, is closed. So are La Scala, Italy's premier opera house, and the city's universities and schools. Bars are shuttered at the sacred aperitivo hour. The usually buzzing streets, trams, restaurants and shops are all eerily empty.
"This week everything seems to have completely stopped," Leonardo Miri, 48, an IBM employee said after being turned away from company headquarters because the receptionist told him no one was there. "If the north of Italy stops, Italy stops."
Three Berkeley experts join Gov. Newsom's Council of Economic Advisors | Berkeley News
The 13-member panel will be co-chaired by Laura D. Tyson , a distinguished Professor of the Graduate School at Berkeley and faculty director of the Institute for Business and Social Impact at the Haas School of Business. Tyson was a member of President Bill Clinton's cabinet between 1993 and 1996, serving as chair of his Council of Economic Advisers from 1993 to 1995 and as director of the White House National Economic Council from 1995 to 1996.
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The council also will include Lt. Gov. Eleni Kounalakis and Lenny Mendonca, Newsom's chief economic and business adviser.
U.S. stocks tumble, a 'coronavirus downturn' is coming: Economists
U.S. stocks plummeted Monday as fears of a long-term “coronavirus downturn” and global recession mounted, economists tell the Herald.
The Dow lost 1,031 points, or 3.6%, dropping to 27,960 — wiping out its gains so far in 2020. It was the biggest drop in two years.
“The coronavirus downturn is coming,” Professor Nada Sanders of Northeastern University’s D'Amore-McKim School of Business told the Herald.
Happening on Twitter
CEO "placed the blame on governments, saying Canada doesn't yet have a clear framework to reconcile resource develo… https://t.co/T1kgEUZm6F MaximeBernier (from CANADA) Mon Feb 24 13:03:37 +0000 2020
A major effort to expand development of Canada's oil sands has collapsed after 9 years of planning. It would have s… https://t.co/WaHEascUXU nytimes (from New York City) Mon Feb 24 21:40:08 +0000 2020
"The cancellation of the massive Frontier oil sands mine prompted a swift and negative reaction from Canada's busin… https://t.co/sK2JSc1fNq sonyasavage (from Calgary North West) Mon Feb 24 17:32:39 +0000 2020
Mining Company Withdraws From $20B Oil Sands Project — Citing Trudeau's Environmental Policies https://t.co/jLUtsQ3sVe DailyCaller (from Washington, DC) Tue Feb 25 00:45:02 +0000 2020
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