Category Archives: Climate Change

Canada Makes Headway on National Energy Strategy

Canadian Provincial Flags

Canadian premiers have agreed to the development of a National Energy Strategy.[1]  This came at the end of last week’s three-day Council of the Federal Premiers Conference.  A set of guiding principles for the strategy – endorsed by every province – was released following the 55th annual Conference, hosted by P.E.I.’s Robert Ghiz in Charlottetown this year.[2]  The strategic outline ... Read More »

Quebec and Ontario Partner to Address Climate Change and Potentially Expand Trade of Electricity

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On August 21, 2014, in a joint release (the “Release”), Ontario Premier Kathleen Wynne and Quebec Premier Philippe Couillard announced the creation of a group to support their provincial ministers responsible for the environment and climate change to enhance cooperation between the two provinces as well as the exploration of the viability of expanding the Quebec-Ontario electricity trade. The Premiers ... Read More »

Climate Change Mitigation: Significant Efforts Required in the Next 15 Years

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In early April of this year, the Nobel Prize winning Intergovernmental Panel on Climate Change (“IPCC”)[1] approved and released the contribution of Working Group III (the “Report”), the third report to make up the Fifth Assessment Report, which presents a comprehensive, objective and policy-neutral discussion of climate change mitigation. The Report discusses international stocks and flows of greenhouse gases (“GHGs”) and ... Read More »

Combined Heat and Power Standard Offer Program 2.0 (CHSOP 2.0)—Documents Posted for Comment

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On August 13, 2014, the Ontario Power Authority (the “OPA”) posted draft project documents for comment relating to the development of the Combined Heat and Power Standard Offer Program 2.0 or “CHPSOP 2.0”. The comment period is currently scheduled to close on September 22, 2014. The draft project documents follow a directive from the Minister of Energy dated March 31, 2014 (the “March ... Read More »

International Monetary Fund Encourages Governments to Put a Price on Carbon

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The International Monetary Fund (“IMF”) recently published a new book aimed at convincing policymakers and government officials to put a price on carbon emissions. The book, Getting Energy Prices Right: from Principle to Practice,[1] (the “book”) outlines the environmental and health costs that stem from societal dependence on carbon-based energy and urges governments to adopt policies that account for those ... Read More »

NHL Plans to go Green: 2014 NHL Sustainability Report

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On Monday, July 21, 2014, the National Hockey League (“NHL” or the “League”) publically recognized the risk climate change poses to Canada’s favorite sport and announced its 2014 NHL Sustainability Report (the “NHL Report”). This Report is not only the first NHL Sustainability Report but also the first sustainability report produced by a major sports league in North America. The NHL ... Read More »

US Supreme Court upholds but limits EPA’s authority to regulate greenhouse gas emissions

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On Monday June 23, the US Supreme Court[1] upheld their decision from Massachusetts v EPA, (November 2006) that greenhouse gases fall under the definition of “air pollutant” for the purposes of the Clean Air Act.[2] The majority of the court upheld their previous finding that the US Environmental Protection Agency (EPA) is able to regulate greenhouse gasses as air pollutants.[3] ... Read More »

Exxon Mobil Responds to Investor Concern – Discloses More on Climate Risks

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On March 20, 2014, Exxon Mobil agreed to publish information on the effects that heightened emissions regulations could have on the value of its oil and gas holdings and on how the company is planning for a carbon-constrained future.[1]  The decision was prompted by a shareholder resolution submitted by Arjuna Capital, a U.S.-based sustainable wealth manager, and As You Sow, ... Read More »

Global Companies Push for Climate Action through Trillion Tonne communiqué

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Corporations are starting to work together to press for climate action. A group of 70 leading global companies, including Shell, BT and Unilever recently released a communiqué calling on governments to increase climate change action in short order, as reported by The Guardian. Among other things, the communiqué calls on governments to: Set a timeline for achieving net zero emissions ... Read More »

World Bank Chief Outlines Need for Investor-Driven Change

World Bank President Jim Yong Kim

In a speech at the recent World Economic Forum the World Bank Group President, Jim Yong Kim. He speaks about the need to price carbon and come up with government policy to support action on climate change. Of particular interest is his emphasis on the capacity and need for investor-driven change:   Financial regulators need to lead, as well.  Sooner ... Read More »