Climate change is a complex issue, and it’s no surprise that there are many voices discussing how best to tackle it. So, where does the public finance professional fit in to this complex conversation?
Companies such as Suncor and TC Energy are pushing back against rules that would mandate reporting on how the climate crisis may disrupt their finances, according to an investigation by The Narwhal.
Scientists have identified a staggering 5.5 billion ton gap between greenhouse gas emissions acknowledged each year by the world's nations and the emissions calculated by independent models, an accounting discrepancy that threatens to complicate the already difficult task of resetting the world's climate trajectory.
United Nations climate envoy Mark Carney on Thursday threw his weight behind a growing push by investors for companies to more accurately reflect climate-related risks in their financial accounts.
There are more than 5,000 banks and 5,000-plus credit unions in the US. While less than 1 per cent are currently reporting the carbon emissions of their loans and investments, this is changing.
BP's mammoth asset write-down is certainly a big story, but whether it's a big climate change story is a trickier question. Let's give it a qualified yes.
