Environment

Update 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. (more…)