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Publisher's note
Toby is the CEO and co-founder of Corporate Knights Inc. and publisher of Corporate Knights Magazine. He spearheaded the first global ranking of the world’s 100 most sustainable corporations in 2005, and in 2007 coined the term “clean capitalism.”

Bogle the mind

May we all be so lucky to have the clarity of thinking and can-do spirit of John Bogle to partake in the march of progress

This past January, John Bogle, the investing legend and “money manager for the people,” passed away after 89 fruitful years. Over the course of his life, he saved investors billions by offering low-cost no-nonsense index funds for the masses via Vanguard, the company he founded as an investor-owned co-operative that now manages over US$5 trillion.

I remember paying him a visit back in 2013 at Vanguard’s sprawling Malvern campus located outside Philadelphia. He greeted my colleague, Doug Morrow, and I with a left-handed handshake. His right arm was in a sling and looked a little the worse for wear. He had banged it up during a fall the day before, but that was not going to stop him from making an early morning interview with a Canadian magazine he’d never heard of. He said he didn’t like to break his appointments.

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Oil and water

An oil sands facility and hydro dam show a way forward with First Nations

On one side, you have billion-dollar oil and power corporations hungry for growth. On the other, First Nations whose concerns have long been run roughshod over by these same industries.

Yet, there on the oil patch near Fort McMurray, Alberta, and a hydro dam in Northern Ontario, First Nations and industry have gone into business together with models that offer promise for restoring Indigenous economic independence and breaking the resource gridlock shackling the country.

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Canadian economy can’t succeed if the Indigenous economy fails

Enjoying the spectacle of Jody Wilson-Raybould cleaning the floor with the PM? Guess what corporate Canada: you’re next

 

Enjoying the spectacle of Jody Wilson-Raybould cleaning the floor with the Prime Minister? Guess what corporate Canada: you’re next. Anybody doubting this needn’t look further than the 275 straight court cases Indigenous peoples have won, stopping many resource projects in their tracks.

The new rule of business in Canada’s resource economy is: No Indigenous buy-in, no dice. Buy-in doesn’t come cheap. It means a radical departure from business as usual practices. That means more than just a few token jobs. The table stakes are meaningful equity ownership, control through executive and governance bodies, employment, involvement in environmental planning and, critically, sourcing. Canadian businesses and governments need to be much better partners and customers of Indigenous businesses.

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Imagine a cleaner Canada

Four common sense measures to get us there

Imagine the Canada of 2025. Zero-emission vehicles putter across the country, silently saving the average person $1,500 a year on fuel costs. Homes and workspaces are warmer in the winter and cooler in the summer, with a fraction of the utility bills and virtually all of our power coming from zero-emission sources that make it easier for everyone to breathe. Our fossil fuel industries are pumping out clean commodities to satisfy the high and growing demand for global customers.

That world is within our grasp thanks to advances in technology, abundant clean power and natural resources, and the can-do mentality of Canadians. But it is not just going to fall into our laps.

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Don’t let SNC axe ‘Maple Leaf Advantage’

It’s time for Ottawa to stop sitting on its hands and bolster corporate accountability checks

Corporate accountability mechanisms for Canadian companies operating in developing countries have been a long time coming. A National Roundtable for Corporate Social Responsibility and the Canadian Extractive Industry in Developing Countries gathered in 2006 and offered a great deal of promise – until nothing happened. Then in 2009, Liberal MP John McKay put forward private member’s Bill C-300 – dubbed the “responsible mining bill” – to establish an accountability mechanism for Canadian mining, oil, or gas companies in developing countries.

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