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For the first time at book length, bestselling author and economist Jeff Rubin addresses Canada's national economic future--and the financial security of all Canadians.
Since 2006 and the election of the 1st Harper government, the vision of Canada's future as an energy superpower has driven the political agenda, as well as the fast-paced development of Alberta's oil sands and the push for more pipelines across the country to bring that bitumen to market. Anyone who objects is labeled a dreamer, or worse--an environmentalist: someone who puts the health of the planet ahead of the economic survival of their neighbours.
In The Carbon Bubble, Jeff Rubin compellingly shows how Harper's economic vision for the country is dead wrong. Changes in energy markets in the US--where domestic production is booming while demand for oil is shrinking--are quickly turning Harper's dream into an economic nightmare. The same trade and investment ties to oil that pushed the Canadian dollar to record highs are now pulling it down, and the Toronto Stock Exchange, one of the most carbon-intensive stock indexes in the world--with over 25 percent market capitalization in oil and gas alone--will be increasingly exposed to the rest of the world's efforts to reduce carbon emissions.
Rubin argues that there is a lifeline to a better future. The very climate change that will leave much of the country's carbon unburnable could at the same time make some of Canada's other resource assets more valuable: our water and our land. In tomorrow's economy, he argues, Canada won't be an energy superpower, but it has the makings of one of the world's great breadbaskets. And in the global climate that the world's carbon emissions are inexorably creating, food will soon be a lot more valuable than oil.
Thursday, June 4 2015
Centretown United Church
507 Bank St. Ottawa
Hosted by Frank Koller, author, economics journalist and former foreign correspondent with the Canadian Broadcasting Corporation.
Tickets: $10 for general admission or $5 for students & low-income available at Octopus Books (116 Third Ave. or 251 Bank St., 2nd Floor) or at the door.
Co-Sponsored by Canadian Centre for Policy Alternatives (CCPA), Ecology Ottawa, National Union of Public and General Employees (NUPGE) and Public Service Alliance of Canada - National Capital Region.
Jeff Rubin is an award-winning economist and author of The End Of Growth and Why Your World Is About To Get A Whole Lot Smaller. He was the Chief Economist at CIBC World Markets for twenty years, and was one of the first economists to accurately predict soaring oil prices back in 2000 and is now one of the world's most sought-after energy experts. He lives in Toronto.
Frank Koller is an author, economics journalist and former foreign correspondent with the Canadian Broadcasting Corporation. His latest book is Spark How Old-Fashioned Values Drive a Twenty-First Century Corporation:
Lessons from Lincoln Electric’s Unique Guaranteed Employment Program. More about Frank: http://www.frankkoller.com/.