A growing number of climate disclosures are identifying more extensive climate-related risks, but also revealing the opportunities may greatly outweigh the costs for many organizations. Recent disclosure reports have confirmed this trend and identified that continued progress is required to improve information for investors and help drive towards future financial sustainability. On June 4, 2019, […]
Alex
A Look at the Impacts Highlighted in Canada’s Changing Climate Report
On April 2, 2019, the federal government released Canada’s Changing Climate Report, the first in a series of reports outlining the impacts of climate change in Canada. It immediately generated national news for reporting “temperature in Canada has increased at roughly double the global mean rate” with northern Canada warming “roughly three times” faster than the […]
The work of the NY Common Fund’s Decarbonization Advisory Panel (Part 4)
Bank of Canada Lists Climate Change as a Risk to Canada’s Economy
On Thursday, the Bank of Canada released its 2019 Financial System Review, and for the first time it listed climate change as one of the main risks to Canada’s economy and financial system. The inclusion of climate change as one of six vulnerabilities listed in the Financial System Review (FSR) comes a few weeks after the Bank […]
The work of the NY Common Fund’s Decarbonization Advisory Panel (Part 3)
The work of the NY Common Fund’s Decarbonization Advisory Panel (Part 2)
The work of the NY Common Fund’s Decarbonization Advisory Panel (Part 1)
Expensive and Now Frequent Once-a-Century Floods Shifting Conversation
As parts of Ontario, Quebec, and New Brunswick suffer from historic floods after recently cleaning up from once-in-a-century floods, political leaders are no longer taking the “we will rebuild at all costs” default position – a potential major shift in the climate adaptation conversation. While touring flooding in Constance Bay, Ontario Premier Doug Ford said of […]
Climate Change Litigation Mounts as Companies Face Increased Exposure
Over 1,200 climate change cases have been filed in more than 30 jurisdictions against governments and corporations, including 950 in the United States, according to a newly released report by the global law firm Clyde & Co. Cases filed in the US, Australia, the UK, the EU, New Zealand, Brazil, Spain, Canada, and India either […]
Corporate Directors Facing Increased Exposure to Climate Change Litigation
Corporate directors face an increasing climate liability exposure, according to an updated legal opinion by an Australian think tank, the Centre for Policy Development (CPD). The original 2016 legal opinion by Noel Hutley SC and Sebastian Hartford Davis found that it was “likely to be only a matter of time before we see litigation against a director who has […]