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Canada is starting to act on climate compliance as this is good for business
While Canada continues to be a climate denier like Australia, there are promising signs that the government is starting to tackle climate risk
-As the fourth global oil and gas producer, Canada will be scrutinized and potentially loose investment unless it becomes more ESG compliant
-While Canada continues to be one of the climate laggards, recent government and capital market actions signal a change of posture towards sustainability and ESG
Regulators around the world, particularly in the European Union and in the United States, are taking action to ensure that Environmental, Social and Governance (ESG) are streamlined in business and investment processes. They are enforcing new regulation that will require corporations to disclose their sustainability and social impact indicators and footprint, to ensure that all are playing their part in transitioning towards a more equitable, inclusive and less carbon intensity society. The United States has been playing catch up since President Biden won the elections in 2020 but has played an important role to reinvigorate the climate dialogue nationally and internationally. The Security Exchange Commission (SEC), the US capital market watchdog, is playing the leading role to ensure that environmental risk is properly priced…
