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"Economy"
Activists from Seattle hoped to block the departure of an oil rig Shell wants to use for oil drilling in the Arctic. But a small fleet of kayaks proved no match for the giant platform as it set sail for Alaska. “We have made our point well,” a kayaktivist said.
Shell sees the deep sea port of Seattle as an ideal base for its fleet to explore for oil the Arctic. But many people in the city on the West Coast are opposed to the company’s plans. ‘Kayaktivists’ want to stop the impending departure of Shell’s oil rig for Alaska.
Canada is offering business opportunities to companies producing medical cannabis. Dutch grower Bedrocan wants to benefit by taking its products to the Canadian market. An IPO of its Canadian partner went well. “We are going to build a global cannabis brand.”
Shell wants to increase oil production from the Canadian tar sands by expanding its Jackpine Mine. The company says it can do so responsibly. But opponents resist the high pace of tar sands development, demanding stronger safeguards for health and the environment in northern Alberta.
Canadian rock singer Neil Young has joined the opposition to oil sands expansion in Alberta. With his ‘Honour the Treaties’ tour, Young has drawn attention to criticism of the industry. His strong rhetoric has come under fire from supporters of the oil sands.
The free trade deal between the EU and Canada is a threat to the Canadian dairy sector, farmers say. Domestic cheese makers risk being squeezed out of the market by European competitors. “This accord puts Canadian dairy farmers and cheese makers at a huge competitive disadvantage.”
The Empire State Building is set to be listed on the New York Stock Exchange. As of today, investors can buy shares in Manhattan’s iconic building. Preparing the IPO for the second-tallest structure of the city has taken almost two years.
World-renowned piano builder Steinway is almost certainly falling into the hands of a private equity firm. Steinway has left an indelible mark on the international music scene and on a borough of New York. Now, piano enthusiasts fear a move of the factories to Asia.
The train disaster in Lac-Mégantic has exposed a creeping trend in North America: an exponential increase in the transport of crude oil by rail. Railway companies like the booming business, but critics say the risks of the oil trains are too big.
The people of Lac-Mégantic cannot yet grasp the enormity of the train disaster that wiped out their town centre this weekend. There is growing disbelief: how could a runaway train careen into their town to cause such deadly devastation?
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