Former Bank of Canada Governor Mark Carney, whose foresight and guidance are widely recognized for navigating the Canadian economy safely through the 2008 global financial crises, made a momentous speech at a recent gathering of leading insurers organized by Lloyd’s of London. Carney, now the Governor of the Bank of England and […]
Our economic system is broken; it’s unsustainable. John Fullerton, the founder and president of Capital Institute recently explained to a packed auditorium at the Centre for International Governance Innovation that the core assumption of how we generate our prosperity no longer works. Capital Institute is “a collaborative [that is] working […]
Analysis of returns over the past 5 years shows that “investors who have dumped holdings in fossil fuel companies have outperformed those that remain invested in coal, oil and gas”. This recent article in the Guardian newspaper highlights analysis by MSCI, the world’s leading stock market index company, which found that “investors who […]
Timothy Nash, who calls himself the Sustainable Economist, demonstrates that owning a fossil free portfolio doesn’t mean sacrificing returns on your investment. In this recent blog, he shows how a diversified portfolio, free from fossil fuels, competes with traditional investments and can actually outperform them. In a related blog, Nash discusses reinvestment options outlined in a new community […]
Divestment is about power. The movement to divest from fossil fuels is powerful because it shines a light on Canada’s unfair climate politics. The fossil fuel industry has abused the incredible political power that we have given them. It’s time to take that power away. Their funding of climate […]
Climate action was prominent on the agenda of the 2015 World Economic Forum in Davos, Switzerland. Presentations by UN Secretary General Ban Ki-moon, World Bank president Jim Yong Kim, UK climate advisor and economist Lord Stern, and former US Vice-President Al Gore highlighted the significance of action on carbon emissions and […]
Numerous reports over the past year – published by mainstream, high profile groups – have raised alarms about the risks we face if we fail to act, or act too slowly, to reduce our carbon emissions and by extension the accelerating effects of climate change. The most recent report, […]
The Prime Minister’s comments on the importance of economic growth over climate change action, reported in a recent article in the Toronto Star, create a false choice. They are evidence that he has ignored the advice from some of Canada’s brightest minds, who for the last 25 years worked on the convergence […]
We recognize the dim future of the fossil fuel economy yet we continue to search frantically for new sources of oil. As KAIROS demonstrates in its research paper “Pumped Up: How Canada subsidizes fossil fuels at the expense of green alternatives“, we spend far more money in Canada to […]
Banking on Divestment, a recent article in Alternatives Journal, explains how Canadian university students are demanding that their schools stop supporting fossil fuels. The article illustrates the important ripple effect that divestment from fossil fuels can have. “The dollars are important but the economic impacts extend far beyond this,” says Cameron Fenton […]
