We are heading for a global environmental credit crunch

…Credit crunches occur when investment capital is difficult to obtain due to a shrinking credit supply or a willingness to lend. This usually falls in concordance to a recession, and some are worried Canada may soon see a similar fate.

Although this credit crunch may pose a legitimate threat to many livelihoods and pensions, there is another crunch we have much greater reason to fear. We are in the midst of a credit crunch that threatens not only the economy of every country, but also the fate of thousands, if not millions of species, including our own. Our actions, largely driven by the capitalist market, are depleting Earth


Our overconsumptive behaviour has impacted this planet enormously. Assessment studies have shown that over half of Earth