The Sustainable Finance Action Council, launched May 12, will draw upon “financial sector leaders” for help in transforming Canadian markets so that they properly measure, price and disclose the risks faced by businesses from the climate crisis.
Michigan Gov. Gretchen Whitmer has ordered Enbridge to shut down Line 5 by Wednesday night, citing concerns over the risk of an oil spill into the Great Lakes. Whitmer is now warning she’ll seek to seize the company’s profits from the pipeline if it doesn’t comply.
Analysts say it’s unlikely Line 5 will get turned off, although Michigan Gov. Gretchen Whitmer has ordered pipeline company Enbridge to do so next Wednesday. But if the pipeline did go offline, it could spur a scramble to meet fuel demand.
The Straits of Mackinac, a “sacred wellspring of Anishinaabe life and culture,” is part of an area ceded to the U.S. in 1836 only upon assurances that the right to hunt, fish and gather would be protected, tribal governments say.
Governments must take steps to stop their export credit agencies from providing financial help to oil and gas projects worldwide, say a University of Cambridge professor and an environmental law expert barrister.
The expansion of the Trans Mountain pipeline will stretch hundreds miles and is fiercely opposed by numerous groups — but despite repeated calls, the Canadian government has not forced the pipeline to reveal its insurers.