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 […]
Tag: climate action
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 […]
Bringing Climate into Focus through the Climate Lens
Funding opportunities from Infrastructure Canada require projects to understand their climate change risks, resilience strategies, and GHG emissions. Over the next 12 years, Infrastructure Canada (INFC) expects to fund more than $180 million in projects. $33 billion of the funding will be available for projects through the Investing in Canada Infrastructure Program (ICIP), as indicated in Figure 1. […]
Federal Expert Panel on Climate Change Proposes 54 Indicators to Measure Adaptation and Resilience
Preparing for the impacts of a changing climate requires coordinated efforts across sectors. Many in government, business, academia and civil society have worked to build resilience in our communities and economy. But to what extent has collective action and investments actually built adaptive capacity? How ready is Canada for a climate-adjusted future? In August 2017, […]
Climate Change and Power Utilities
Climate change disrupts the business of power utilities. It does so in a variety of ways linked to both the need to reduce carbon to mitigate climate change and the imperative to adapt to a changing climate. Firstly, power utilities are impacted by the transition to a lower-carbon energy system. As a major contributor to greenhouse […]
Tracking Financial Flows in Support of Canada’s Transition to a Low-Carbon, Resilient Economy
Canada is continuing to advance its efforts in addressing climate change while developing a vision for diversifying and growing its economy. The climate-forward budgets being rolled out and funds being allocated to climate mitigation and adaptation efforts across various levels of government re-affirm Canada’s commitment to transition to a low-carbon and resilient economy. Below is a […]
Canadian Securities Regulators Report on Need for Better Climate Disclosure
On April 5, 2018, the Canadian Securities Administrators (the CSA) published CSA Staff Notice 51-354 Report on Climate Change-related Disclosure Project (the Notice). The Notice details the findings of its year-long review of Canadian climate disclosures. It summarizes the current state of climate-related reporting in Canada, discusses perspectives of both reporting companies (issuers) and users (investors, analysts, […]
Drive for Increased Climate-related Financial Disclosures Continues
Companies can no longer hide their climate risk. The Financial Stability Board (FSB) is helping to standardize the approach to reporting on climate-related risks and opportunities, imploring organizations to identify and strategize around climate issues and tell investors how they are making these determinations. A recent lawsuit against an Australian Bank for inadequate disclosure of climate risks, among […]
Building Climate Competency in Corporate Boardrooms
Corporate boards are not adequately equipped to deal with a changing climate, according to recent studies. There is growing interest in companies’ exposure to climate risk and how long-term shareholder value could be affected. As our understanding of climate impacts on business continues to grow, investors are pushing for climate-competent boards to better manage risk […]