The curious case of North Dakota
Posted October 29, 2014
Flooded with oil revenue, the state is faced with a number of enviable choices about what to do with its riches.
With an unemployment rate of less than three per cent, it’s safe to say that North Dakota is booming. The 2006 discovery of oil in the Bakken formation, combined with hydraulic fracturing technology used to extract “tight oil,” has catapulted the small state of 725,000 people into the ranks of major oil producer. In 2012, it passed Alaska to become the second largest oil-producing state in the country. This has resulted in billions of dollars in revenue for the state. So, what has North Dakota done with this new-found wealth?Continue Reading...
Defunding the EPA
Posted October 28, 2014
Republicans have a number of legislative tools at their disposal to try and crack down on the “job-killing” EPA.
Democratic hopes for maintaining control over the U.S. Senate are looking increasingly slim as most forecasters are projecting a two-seat majority for the Republicans come November 4. While this hold on the Senate is likely to be brief – 24 of the 34 incumbents up for re-election in 2016 are Republicans – it promises to be an eventful two years of pre-2016 election posturing. Beyond the spectre of continued skirmishes over Obamacare and yet another vote to increase the debt ceiling (steel yourself for June/July 2015) lies the Republican environmental agenda.Continue Reading...
Posted October 24, 2014
Singapore Stock Exchange (SGX) moves to make sustainability reporting mandatory for listed companies.
All 700+ companies listed on the SGX will soon be required to produce an annual sustainability report, according to the SGX chief executive Magnus Bocker. He made the announcement at last Friday’s International Singapore Compact CSR Summit, letting attendees know that sustainability reporting will no longer be relegated to “nice to have” territory.Continue Reading...
100 shades of green
Posted October 8, 2014
Introduction and results for the 2014 Global 100 Sustainable MBA ranking.
In a video introduction to its most recent Global MBA Ranking, the Financial Times’ Laurent Ortmans was asked to identify the most conspicuous trend from its findings over the past few years. “Strikingly, the schools from Canada are all dropping,” Ortmans said, pointing to lower Canadian salaries for graduates compared to their U.S. counterparts.
Are Canadian business schools dropping the ball, or are they simply being measured on an outdated series of indicators?Continue Reading...
Evolution of a corporate idealist
Posted October 7, 2014
Christine Bader reveals challenges and opportunities of embedding sustainability principles into energy industry practices.
When Christine Bader arrived at the Yale School of Management, she had no idea what she wanted to do. All the idealistic New Yorker knew was that the banks and consulting firms hoovering up her classmates were not for her. But when BP chief executive John Browne came to speak at the university in 1998, he had just become the first head of a major energy company to urge action around the realities of climate change. He seemed to be a different kind of oilman that was trying to create a different kind of energy company. Bader was so inspired that she signed up for a summer internship at the company’s headquarters in London, and was then hired full-time for a project developing a natural gas field in Indonesia. The next eight years took her around the world, working on human rights and environmental impact mitigation strategies for BP.Continue Reading...