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Beneficiaries warn Canada’s largest pensions of legal duty to manage climate-related financial risks
(Toronto, Vancouver, Ottawa, Montreal) - Letters were delivered today to the boards and executive of Canada’s 10 largest pension fund managers requesting information on how the funds are meeting their legal fiduciary obligations to beneficiaries in the face of a worsening global climate crisis. These pension funds together have nearly $2 trillion in assets under…
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Sortons la Caisse du Carbone Coalition welcomes CDPQ’s exit from oil
(Montreal) - The Sortons la Caisse du carbone coalition welcomes the CDPQ’s decision to say goodbye to oil production in its investment portfolio. The announcement comes five years after the launch of a public campaign calling for the Caisse de dépôt et placement du Québec (CDPQ) to get out of fossil fuels, and two years…
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Greenpeace report: Canadian banks defying climate science by increasing fossil fuel finance
Canadian banks are playing a growing and globally significant role in fueling climate destruction and are more exposed to climate risk than they are telling their shareholders according to data in a new Greenpeace report.The report finds that prior to the pandemic, Canadian big 5 banks steadily increased their fossil fuel loans and investments since…
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Toronto Volunteers Pressure Insurance Companies to Drop Pipeline Support
We don’t want any additional fossil fuel projects and Indigenous rights can’t continue to be neglected. The week of action pressured the insurance companies ensuring this pipeline to stop, such as Berkley, Chubb, Liberty Mutual, and more, as their support is crucial for the project to operate.
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GNL Québec Project Rejected: Another Great People-Powered Victory Over the Fossil Fuel Industry
The signatory groups welcome the Quebec government's announcement rejecting the GNL Québec LNG project. This announcement is a victory for the tens of thousands of people who have mobilized over the past three years.
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Were BC’s Horrific Heatwave and Wildfires Caused By Climate Change?
You’ve probably seen the shocking and disturbing news. BC experienced a brutal heatwave which brought record-breaking high temperatures of nearly 50˚C. Hundreds of people died.
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Opinion: Failed anti-Alberta energy inquiry an affront to democratic debate
What happens when an inquisition can’t find any sinners? That is the conundrum facing the Kenney government’s so-called Public Inquiry into Anti-Alberta Energy Campaigns.
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Goldboro LNG fails to secure investor by June 30th deadline, federal government ignores request for nearly $1 billion in loans or grants
After failing to attract a single major investor for its proposed Goldboro Liquefied Natural Gas project on the Eastern Shore of Nova Scotia (Mi’kma’ki), Pieridae Energy has quietly missed its June 30th deadline for a Final Investment Decision.
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Great news for the planet: IEA calls for fossil fuel development to stop as of yesterday
The most influential energy policy agency in the world just took a position that was dismissed as extremist only a few years ago.
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IEA says no new oil, gas or coal — Greenpeace response
The International Energy Agency has stated in their new Net Zero Roadmap released today that there is “no need for investment in new fossil fuel supply in our net-zero pathway."