Canada’s greenest mayor
Posted May 20, 2015
Vancouver Mayor Gregor Robertson has spent the past seven years transforming his city into a sustainability powerhouse.
October 2008 was a dark time for the environmental movement in British Columbia and throughout Canada. The economic downturn had focused the electorate’s attention away from climate change onto pocketbook issues, turning Stéphane Dion’s Green Shift plan into an albatross around the neck of the federal Liberal Party and contributing to the re-election of the Conservatives.
In B.C., Premier Gordon Campbell’s province-wide carbon tax, introduced earlier that year, was polling poorly going into a Spring 2009 election against an NDP party that had vowed to “axe the tax.” Presented with these developments, the Globe and Mail’s Gary Mason opined that “it may be some time before we again see a political leader in Canada brave enough to build a campaign platform around saving the environment.”Continue Reading...
Heroes & zeros: Archer Daniels Midland and Walmart
Posted May 8, 2015
No deforestation for Archer Daniels Midland, while pay controversy rattles Walmart.
Hero: Archer Daniels Midland
Archer Daniels Midland Company (ADM), one of the world’s largest agricultural processors and food ingredient providers, has committed to a “no-deforestation” policy in regards to the soy and palm oil it sources. ADM will give its suppliers until the end of 2015 to ensure that neither crop is grown in peatlands or deforested areas.
Most companies in the palm oil market have made similar commitments, but ADM is the first to apply this standard to soy throughout its supply chain. The no-deforestation policy “combines a clear commitment to no deforestation with progressive action focused on our most critical supply chains,” Victoria Podesta, chief communications officer for ADM, said in a statement.Continue Reading...
Heroes & zeros: Kaiser Permanente and Anadarko Petroleum
Posted April 8, 2015
Sun shines on Kaiser Permanente, while Anadarko Petroleum pays big penalty for oil spills & other environmental degredation.
Hero: Kaiser Permanente
Health care conglomerate Kaiser Permanente announced an ambitious clean energy shift in February that will ensure 50 per cent of electricity used at its California facilities comes from renewable energy. The Oakland, California-based company – the largest managed care organization in the United States – has signed three 20-year solar and wind energy deals that will reduce its carbon emissions by an estimated 30 per cent.Continue Reading...
Should provinces take the lead in putting a price on carbon?
Posted April 7, 2015
A new report from Canada’s EcoFiscal Commission certainly thinks so.
Each of Canada’s provinces should move forward with carbon-pricing schemes as soon as possible, says a new report by Canada’s EcoFiscal Commission called The Way Forward. The report, released today, comes as Quebec prepares to host a provincial-territorial summit on climate change in Quebec City next weekend that is likely to bolster carbon-pricing efforts across the country.Continue Reading...
How to make a killing shorting coal companies
Posted April 2, 2015
Robert Litterman is proving money can be made buying into the unburnable carbon thesis.
For a company infamously described as "a great Vampire squid wrapped around the face of humanity,” Goldman Sachs has produced a remarkable number of high-profile alumni committed to combatting the collective threat of climate change.
Henry Paulson, the former Goldman Sachs Group chief executive and financial crisis-era treasury secretary, spearheaded a report last year called “Risky Business” in an attempt to convince investors that climate change is bad for their bottom line. One of the advisors listed on the report? Former Goldman co-chairman and Clinton treasury secretary Robert Rubin. Meanwhile, another Goldman alumnus has developed into one of the most respected voices on climate investment risk: Robert Litterman.Continue Reading...