Originally posted 18 December 2017
Several articles, studies, and announcements over the past weeks suggest that the “international movement” seeking to “manage” the risks of global warming are gaining ascendance. More recently, the World Bank president, Jim Yong Kim, announced his institution was re-assessing the risks of fossil-fuel developments.
World Bank announcement at One Planet Summit
World Bank to stop lending for oil and gas projects13-12-17 GM
- World Bank move
- China’s Three Gorges floating solar panels
- Alberta renewable auction
- Moody’s analysis
- Analysis/Opinion Continue reading
Shawn McCarthy’s column of 16 September first-nation-sets-pipeline-precedent12-9-16-gm discussed the question of what “consent” means to First Nations’ communities through which proposed pipelines run through. In Alberta, the New Democrat government agreed to be bound by the United Nations Declaration on the Rights of Indigenous Peoples. The federal government also agreed to be so bound after taking office from the Conservative government last October. The federal government has not yet officially agreed to the Declaration.
Since the last post a great deal has happened in the provincial government’s approach to climate. The recognition that climate change is a serious financial and economic matter, not just “political” was provided by Bank of Canada Deputy Governor Timothy Lane in a speech a couple weeks ago in Montreal. Lane observed:
climate change itself and actions to address it will have material and pervasive effects on Canada’s economy and financial system. While many of these will play out over many decades, I will argue that they are already starting to become important. So, the Bank needs to consider these effects as we deliver on our mandate to promote the economic and financial well-being of Canadians.