The world’s heating up and so are boardrooms – Toronto Star Op-Ed
Climate change considerations are looming large in corporate boardrooms as directors grapple with emerging reporting rules.
The latest development came last week with Mark Carney’s announcement at the COP26 summit in Glasgow of the Global Finance Alliance for Net Zero (GFANZ), whose signatories, including major Canadian banks, have committed to achieving net-zero carbon emissions across their assets by 2050. That means clients seeking investments or loans from banks (not to mention insurance companies, pension funds, etc.) will also have to have their reporting ducks in a row.
Most of Canada’s big banks have begun setting their own net-zero goals earlier. For them, as for all corporations, effective climate governance…
Jon Johnson – Section 232 Tariffs – Pathway to Climate Protection or Managed Trade?
From: Jon Johnson To: US Trade Policy Observers Date: November 11, 2021 Re: Section 232 Tariffs – Pathway to Climate Protection or Managed Trade? On October 30, the US and the EU announced a deal that replaces Trump-era US tariffs on EU steel and aluminum under Section 232 of the Trade Expansion Act of 1962 […] Dillon, Gullo – Canada Needs to Get Serious on Carbon Capture
From: John Dillon and Michael Gullo To: Department of Finance Date: November 10, 2021 Re: Canada Needs to Get Serious on Carbon Capture COP 26 has challenged all countries to deliver ambitious plans to achieve net zero greenhouse gas emissions by 2050. In Canada, businesses, public institutions and consumers all have a role. Canada’s public […] S3 E21: Canada’s $2 Trillion Dollar Transition
In part one of a two-part series, RBC’s John Stackhouse and Cynthia Leach join our Michael Hainsworth to discuss the road to reducing Canada’s 730 million tonnes GHG to net-zero. With COP26 now behind us, the hard work of selling climate change action at home begins and Canada’s biggest bank has spent the last year […] Amin Mawani – Let’s Focus On Scope 1 Measures of Carbon Emissions
From: Amin Mawani To: Canadian Security Administrators Date: November 5, 2021 Re: Let’s Focus On Scope 1 Measures of Carbon Emissions The Canadian Securities Administrators (CSA) is seeking comments on its proposal for carbon emission reporting by firms listed on Canadian stock exchanges, part of the worldwide move to mandatory climate-related disclosure. In its call for consultation two weeks […] Funk, Lougheed, McCrimmon, Protti – Measurement and Regulation of Methane Emissions
From: Wes Funk, Stephen Lougheed, Tracey McCrimmon and Gerard Protti To: Environment Minister Steven Guilbeault and Natural Resources Minister Jonathan Wilkinson Date: November 1, 2021 Re: Measurement and Regulation of Methane Emissions As you represent Canada at COP 26 in Glasgow over the next two weeks, there is a significant opportunity to reinforce Canada’s support […] Il est minuit moins une, que fait votre argent? – La Presse Opinion
Que fait votre argent pour sauver la planète alors que s’ouvre la COP26, la conférence de la dernière chance pour limiter le réchauffement climatique?
Une bonne partie de votre épargne, celle qui assure(ra) votre chèque du Régime de rentes du Québec, est gérée par la Caisse de dépôt et placement, qui a récemment décidé de vendre ses dernières actions dans le pétrole, mais de conserver celles dans le gaz naturel et les pipelines.
La Caisse est l’une des 295 institutions financières de 40 pays qui, collectivement, gèrent des actifs supérieurs à 90 000 milliards de dollars américains, et qui se sont engagées à atteindre la carboneutralité de leur portefeuille d’ici 2050, à se fixer une cible intérimaire pour 2030, à…
Canada has to transform its economy – or be left behind – Globe and Mail Op-Ed
Canadian governments are counting on strong economic growth to reduce debt burdens that ballooned during the pandemic. But realizing that growth depends on how well Canadian businesses adapt to rapidly changing market realities.
In the near term, Canada’s economic recovery looks promising as business activity bounces back.
In the longer term, however, Canada’s economy faces strong headwinds that are not being factored into government projections. Canada’s economic challenges go beyond slowing labour force growth and modest productivity gains. Fiscal recovery forecasts do not consider the probability of more frequent and costly natural disasters or the implications of the global economic transformation to stave off the…
Glen Hodgson – Complications Abound in the Pandemic Recovery
From: Glen Hodgson To: Concerned Canadians Date: October 19, 2021 Re: Complications Abound in the Pandemic Recovery The Canadian economy is on the rebound from the pandemic shutdown and most economic forecasters are projecting positive growth into the medium term. This good news story conceals deeper factors that will complicate the recovery and longer-term outlook. The potential for […] Balyk, Dachis, DeLand – Alberta’s Outdated Oil Sands Royalty Regime Needs a Fix
From: Joel Balyk, Benjamin Dachis and Charles DeLand To: Alberta oil royalty regulators Date: October 18, 2021 Re: Alberta’s Outdated Oil Sands Royalty Regime Needs a Fix Canada’s oil sands accounted for 63 percent of oil production in Canada in 2019, and their royalties have been the source of 7.7 percent of Alberta’s revenues since 2008. The province […] An Oil Sands Inequity: Alberta’s Outdated Bitumen Valuation Program
Alberta Should Scrap its Outdated Bitumen Valuation Methodology Given the substantial contribution of Alberta’s oil sands to both the province and Canada’s economy, a stable, competitive and fair oil sands regime is essential, according to a new report released by the C.D. Howe Institute. Authors Joel Balyk, Benjamin Dachis and Charles DeLand examine the Bitumen […] Charles DeLand on The Agenda – Who has the Best Climate Plan?
Ahead of the federal election, The Agenda looked at the various party platforms on climate change. The C.D. Howe Institute’s Associate Director of Research Charles DeLand spoke to Steve Paikin alongside Mark Jaccard, Professor of Sustainable Energy and Director of the School of Resource and Environmental Management at Simon Fraser University; Sarah Petrevan, Policy Director at Clean Energy Canada; and the Globe and Mail’s Adam Radwanski.