Topic: Climate Change

Decarbonizing finance never looked smarter

Volatility in the oil market is shifting the financial calculus for institutional investors, for whom renewable projects are starting to look more and more like the safer bet.

Survey: Canadian universities are increasingly cutting fossil fuels from their investment portfolios

A growing number of Canadian universities, including some of the country’s largest, are significantly reducing the industrial carbon in their investment portfolios, a R$ survey shows. Less than a handful of universities are divesting specifically from fossil fuel holdings, but many schools also are using a “responsible investing” approach which considers environmental, social and governance factors.

Canada Pension Plan must divest from fossil fuels, new report argues

The Canada Pension Plan Investment Board, which manages the CPP’s $420-billion portfolio, should immediately divest from all fossil fuel holdings in response to the climate emergency and to reduce financial risk for current and future CPP recipients, says the lead author of a Canadian Centre for Policy Alternatives report.

Forest industry emerging as a leader in Canada’s innovation economy

Canada’s forest industry is tapping innovation with the aim of growing the nation’s GDP while slashing carbon emissions. Federal government funding and policy support for the innovation drive has been strong, say industry executives and innovation leaders. But more effort is needed to improve procurement programs and regulations, especially for biochemicals and biomaterials.

Feds take initial step to counter 40-year decline in Canadian wildfire research

New federal funding aimed at increasing Canada’s resilience to wildfire comes after a steep, 40-year decline in wildfire science and research. With hundreds of forest communities at risk from wildfire, the funding is encouraging but will need to be increased and sustained to make a difference, forest experts say.

Trudeau’s tree-planting plan could hurt more than it helps

Prime Minister Justin Trudeau’s pledge to plant two billion trees to help reduce Canada’s greenhouse gas emissions is more complex than it sounds. The effort will need to be carefully planned and executed to ensure the trees not only survive but don’t become a future wildfire hazard, forest experts say.