climate risk

13 Articles

Residents evacuate their home in Nemours, 50 miles south of Paris, France, on June 2, 2016. (AP Photo/Francois Mori, file)

Report: Europe's banks must raise game on climate risk

Europe’s banks aren’t sufficiently considering risks from climate change and must “urgently step up efforts” to make sure they understand the possible impact of floods, wildfires and losses on investments.

By David McHugh | News | July 8th 2022

Barclays bank in London, U.K. Photo by Duncan Rawlinson / Flickr (CC BY-NC 2.0)

One in 5 Barclays shareholders rejects U.K. bank's climate strategy

The bank plan met opposition after environmental protesters disrupted its annual shareholder meeting in Manchester earlier this month.

By Kalyeena Makortoff | News, Business | May 10th 2022

Canada must build sustainable finance sector to meet climate goals–the feds are acting on this, but is it fast enough?

A recent RBC report estimates that in order to catch up and meet its climate targets, Canada will need to invest $70 billion per year into green technologies such as electric vehicle (EV) infrastructure, green hydrogen, carbon capture and renewable energy production. As it stands, the country falls well short of that figure, investing just $10 billion annually.

Canada's Clean Economy

By Luc Rinaldi | News, Business | October 28th 2021

Pricing in climate risk could be a risk of its own

Investors should be making data-informed decisions, and consistent and reliable climate-related data is imperative to do so. However, Julie Segal writes, based on traditional risk and reward principles, pricing in physical risks imposes a surcharge for those most liable to climate damage.

Opinion

By Julie Segal | Opinion | October 13th 2020

Corporate directors seen to be legally obligated to ensure firms manage climate risks

The opinion, written by corporate-governance expert Carol Hansell, senior partner at Hansell LLP, concluded that the legal obligation to act on climate already exists in Canada for corporate directors without any new laws needing to be passed.

Race Against Climate Change

By Carl Meyer | News, Business, Energy, Ottawa Insider | June 27th 2020

Corporate Mapping Project reveals CPP ties to oil and gas, as pension fund denies influence

The Canada Pension Plan Investment Board says it is “unfathomable” that the fossil fuel industry could disproportionately influence such a massive and diversified portfolio.

By Carl Meyer | News, Energy, Politics | November 20th 2019

No one liked Ontario's old environmental assessment process

But the question of how to fix it has revived a longstanding debate over what cutting red tape means for the environment

By Fatima Syed | News, Politics | August 16th 2019

Bank of Canada Governor Steven Poloz at a news conference July 11, 2018. Photo by Alex Tétreault

Why isn’t the Bank of Canada talking about climate change?

One risk to Canada’s economy that did not receive a single mention in the Bank of Canada governor's year-end speech: climate change. Kevin Quinlan notes that central banks in other countries are taking up their leadership role on this while the Bank of Canada barely mentions the subject.

Opinion

By Kevin Quinlan | Opinion | March 26th 2019

To protect pensions, companies should be required to come clean on climate risk

Companies selling fossil fuels are facing their Netflix moment, as cheap solar panels and electric vehicles are poised to do to coal-fired power stations and gas stations what online streaming did to Blockbuster.

Opinion

By Keith Stewart | Opinion, Energy | November 27th 2017

Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010.

Canadian banks wake up to international reporting standards on climate change risk

Bank disclosures on the economic threats and opportunities related to climate change are vital to managing global financial stability.

Opinion

Race Against Climate Change

By Hamish Stewart | Opinion, Energy, Politics | August 25th 2017

climate risk

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