Ownership concentration of the fossil fuel industry in Canada and climate change.

A recent report concludes that “our fossilized system of oligarchical ownership needs more than fine-tuning if we are to avoid the ecological time bomb of climate change” and highlights the key role played by the sector’s financial enablers – “A mapping of the elite network of interlocking directorates around the largest Canada-based fossil-fuel firms, circa 2015, revealed a well-integrated, east-west configuration of financial institutions (based mainly in Toronto) and fossil-fuel corporations (based mainly in Calgary).”

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