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Obama Administration Pushes for Climate-Smart Government Acquisitions
Obama Administration Pushes for Climate-Smart Government Acquisitions 1000 667 Mantle314

The U.S. Federal Government just proposed a new rule that would drive greater disclosure of climate change information in the Federal Government’s supply chain. The proposed regulation, entitled the Federal Acquisition Regulation: Public Disclosure of Greenhouse Gas Emissions and Reduction Goals Representation, would require those who provide products or services to the Federal Government to…

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Climate Risk: Corporate Canada's Blind Spot
Climate Risk: Corporate Canada's Blind Spot 1024 678 Mantle314

Although the many risks and opportunities posed by climate change are increasingly understood and recognized, Canadian companies have only begun integrating this knowledge into their business models, strategic plans, policies, measurements and reporting systems. Recent weeks have seen numerous developments aimed at encouraging better disclosure of climate risks and enforcing transparency requirements (see previous blog entry).…

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Enforcing Transparency on Climate Risk: Recent Developments Round-Up
Enforcing Transparency on Climate Risk: Recent Developments Round-Up 1024 704 Mantle314

As climate-related concerns and disclosures continue to gain profile, recent weeks have seen numerous developments aimed at encouraging better disclosure of climate risks and enforcing transparency requirements. The U.S. Securities and Exchange Commission ruled that ExxonMobil’s (Exxon) shareholders are entitled to important climate change information. States across the U.S. are banding together to explore the…

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Prime Minister and First Ministers Will Work Towards Pan-Canadian Framework on Clean Growth and Climate Change
Prime Minister and First Ministers Will Work Towards Pan-Canadian Framework on Clean Growth and Climate Change 1024 694 Mantle314

Prime Minister Trudeau and provincial premiers emerged from the First Ministers meeting held in Vancouver last week announcing an agreement to work towards a national climate change plan. On March 3, 2016, Canada’s First Ministers issued a joint communiqué and released the Vancouver Declaration on Clean Growth and Climate Change (the Declaration), which outlines the…

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From Oil to Solar: The Clean Energy Transition is Here
From Oil to Solar: The Clean Energy Transition is Here 1024 560 Mantle314

The historic transition to a clean energy economy has begun. Fossil fuel stocks are rapidly losing value as oil prices plunge and capital investment in new upstream supply dries up. Meanwhile, 2015 will be remembered as the pivotal moment when climate momentum became unstoppable. More dollars were invested and capacity added in renewable energy in…

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Climate Action
The Paris Agreement is a Universal Call to Action and a Market Signal to Heed
The Paris Agreement is a Universal Call to Action and a Market Signal to Heed 660 432 Mantle314

Historic Global Climate Agreement is Reached  COP 21 in Paris was historic. On December 12, 2015, after long days of negotiations and hours pouring over draft text, 195 nations who are Parties to the United Nations Framework Convention on Climate Change (UNFCCC) adopted the Paris Agreement to decarbonize the economy, work collectively to reduce global greenhouse gas…

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Climate Change is Transforming the Financial Landscape through Disclosure, Divestment and Duty
Climate Change is Transforming the Financial Landscape through Disclosure, Divestment and Duty 1024 593 Mantle314

The Bank of England governor, Mark Carney, recently delivered a stark warning detailing the various risks global markets and the financial community face as a result of a changing climate. He called climate change the “tragedy of the horizon”. Climate change increases physical, regulatory, reputation and litigation risks in a timeframe that may be longer than our…

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Momentum Builds on the Path to Paris: Papal Encyclical and Dutch Court Demand Greater Climate Action
Momentum Builds on the Path to Paris: Papal Encyclical and Dutch Court Demand Greater Climate Action 660 330 Mantle314

As the international community prepares to negotiate a global agreement on climate change at COP21/CMP11 this December in Paris, two institutions have recently taken unprecedented actions to help build momentum, calling for swift and ambitious action. Last week, Pope Francis issued a wide-ranging teaching letter calling for unified global action on climate change and the…

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Shareholders Sue U.S. Corporation for Improper Disclosure of Environmental Liabilities
Shareholders Sue U.S. Corporation for Improper Disclosure of Environmental Liabilities 660 330 Mantle314

Shareholders and investors are increasingly asking for more information on environmental risks and liabilities. Investors in the United States filed a securities class action lawsuit claiming that a Florida-based corporation misled them by providing inadequate information about the company’s environmental clean-up costs. The lawsuit names Rayonier Advanced Materials Inc. (RYAM), a company specializing in the…

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U.S. Establishes New Federal Flood Risk Management Standard to Account for Climate Risks
U.S. Establishes New Federal Flood Risk Management Standard to Account for Climate Risks 660 330 Mantle314

On Friday (January 30, 2015), President Obama issued an executive order requiring all federally-funded construction projects to adopt more stringent siting and building standards to account for increased flooding risks linked to climate change.[1] The policy is aimed to “improve the resilience of communities and [protect] Federal assets against the impacts of flooding.”[2] Most agencies currently…

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