Op-Eds
Alors que les gouvernements craignent de taxer davantage le carbone pour en décourager l’usage dans l’économie, le marché du pétrole en augmente brutalement le prix, se fichant éperdument de la colère des électeurs.
Nous nageons en plein paradoxe. Depuis longtemps, les économistes s’époumonent à demander aux gouvernements de hausser le prix du carbone, par une taxe ou une bourse, pour favoriser la transition vers les énergies propres, mais les politiques n’osent souvent que des pas timides.
Or, c’est le marché qui fonce présentement. Depuis le creux de la pandémie, le prix nord-américain du pétrole a bondi de 145 %, au-dessus des 80 $ US le baril, et celui du gaz naturel a triplé. Si on remonte à peu avant…
Climate change considerations are looming large in corporate boardrooms as directors grapple with emerging reporting rules.
The latest development came last week with Mark Carney’s announcement at the COP26 summit in Glasgow of the Global Finance Alliance for Net Zero (GFANZ), whose signatories, including major Canadian banks, have committed to achieving net-zero carbon emissions across their assets by 2050. That means clients seeking investments or loans from banks (not to mention insurance companies, pension funds, etc.) will also have to have their reporting ducks in a row.
Most of Canada’s big banks have begun setting their own net-zero goals earlier. For them, as for all corporations, effective climate governance…
Que fait votre argent pour sauver la planète alors que s’ouvre la COP26, la conférence de la dernière chance pour limiter le réchauffement climatique?
Une bonne partie de votre épargne, celle qui assure(ra) votre chèque du Régime de rentes du Québec, est gérée par la Caisse de dépôt et placement, qui a récemment décidé de vendre ses dernières actions dans le pétrole, mais de conserver celles dans le gaz naturel et les pipelines.
La Caisse est l’une des 295 institutions financières de 40 pays qui, collectivement, gèrent des actifs supérieurs à 90 000 milliards de dollars américains, et qui se sont engagées à atteindre la carboneutralité de leur portefeuille d’ici 2050, à se fixer une cible intérimaire pour 2030, à…
Canadian governments are counting on strong economic growth to reduce debt burdens that ballooned during the pandemic. But realizing that growth depends on how well Canadian businesses adapt to rapidly changing market realities.
In the near term, Canada’s economic recovery looks promising as business activity bounces back.
In the longer term, however, Canada’s economy faces strong headwinds that are not being factored into government projections. Canada’s economic challenges go beyond slowing labour force growth and modest productivity gains. Fiscal recovery forecasts do not consider the probability of more frequent and costly natural disasters or the implications of the global economic transformation to stave off the…
Ontario’s electricity sector has struggled with rising system costs for more than a decade. The main solution governments of all stripes have come up with is to shift costs to taxpayers. These subsidies for electricity use now cost taxpayers more than what the province spends on long-term care. It’s time for some proper fixes.
The crux of the problem is the increase in the cost of electricity supply from high-cost contracts signed by the province. At the same time, Ontario has consumed less electricity than forecast by the government when it struck the contracts. With high fixed costs in contracts spread over less demand, the result has been upward pressure on prices, mitigated mainly by your tax dollars.
How can…
