Sustainable investing experts say TC Energy Corp.'s plan to decarbonize the Keystone XL pipeline is unlikely to save its fortunes, as a growing movement to divest from fossil fuels gains political clout.
Prime Minister Justin Trudeau is expected to name a new finance minister as early as today, August 18, 2020, following the abrupt departure Monday of Bill Morneau.
Prime Minister Justin Trudeau tried on Tuesday, August 11, 2020, to shut down speculation that he's about to fire his finance minister, saying he has full confidence in Bill Morneau and that any reports to the contrary are false.
With the Canadian financial sector struggling to adapt to climate change impacts and the financial implications of a phase-out of fossil fuels in the energy system, it is time for the Bank of Canada and our national financial regulators to step in.
“This is a call to action to all of you. What are you doing in your industry?" Environment Minister Catherine McKenna asked Canadian business leaders on Tuesday.
Lack of full disclosure, Mark Carney said, makes it difficult for investors, creditors and regulators to assess who is on top of the increasingly critical issue of climate change.