Climate change and human responsibility

[Mathgod]

New report on fiduciary duties and how they pertain to climate change:

https://www.netzerolawyers.com/publi...-for-investors

Here's the short version of the report's conclusions:

• Climate change is accelerating.
• Climate change and nature loss are not a linear process.
• Physical risks resulting from climate change and nature and biodiversity loss increase, too.
• The impacts on GDP are expected to be substantial.
• According to a recent study, assets lose as much as 40% of their value (in net present value terms) in a business-as-usual scenario.
• Risks and losses can still be very significantly reduced if robust action is taken to mitigate climate change.

Embed climate risks in the decision-making process, and integrate climate risks and opportunities in the investment policy, by following these 5 pillars:

• Avoid investment in new unabated high-emission projects
• Integrate physical risk, stranded asset risks and litigation risks in ROI assessment
• Sustainable and responsible investing in transition ("financing reduced emissions" rather than "reducing financed emissions")
• Active, effective stewardship to reduce financial and existential risks
• Policy advocacy to lower climate risks and create a level playing field

Video summary:

[Mathgod]

Developing our renewables like wind, solar and geothermal must play a significant role in Canada’s plan to be an energy superpower. With the development of pipelines being so prominent in this national conversation, this petition is a firm reminder to Ottawa that developing renewables must also be part of this plan.

With Canada aspiring to become an energy superpower, Brian Brunskill has posted a Petition with the House of Commons encouraging our Federal Government to support the development of renewable energy sources by matching dollar-for-dollar any federal financial support of hydrocarbon infrastructure development. It will be presented by MP Elizabeth May in Parliament later this spring.

If you support this vision for a clean and prosperous energy future, we respectfully invite you to add your name to Petition e‑7114:

🔗 https://www.ourcommons.ca/petitions/...etition=e-7114

Your signature will help demonstrate strong public backing for strategic renewable energy investment in Canada. Please consider sharing this link with colleagues, organizations, or anyone who may be interested in supporting this important initiative. Every signature strengthens the message. Thank you.

[Fuzz]

https://bsky.app/profile/drsimevans..../3menidv3t3i23

[TheIronMaiden]

But why would Canada do something is China is going to do nothing?

[troutman]

If we don’t get snow soon, and a lot of snow, we could be looking at a drought?

[TheIronMaiden]

Originally Posted by troutman

If we don’t get snow soon, and a lot of snow, we could be looking at a drought?

It's been a drought beginning in the summer of 2021.

[Locke]

Its mid-February, plenty of time yet for some punishing snowfall.

[Fuzz]

Originally Posted by TheIronMaiden

But why would Canada do something is China is going to do nothing?

It could be an awkward conversation in 20 years, depending on how this all evolves. China putting trade pressures on us to reduce our oilsands emissions.