, 10 tweets, 3 min read
The pace + scale of transition related to #climatechange that is taking place globally is massive. To get a sense of how quickly things are changing, during the 41 day Canadian election campaign, here’s what happened around the world (thread) #cdnpoli
California governor directs $700B state pension funds to align with state’s climate goals and measure/manage climate risk governorswindenergycoalition.org/governor-direc…
DNV GL forecast global oil demand to peak in 2022
reuters.com/article/us-oil…
Amazon announced it will reduce its carbon footprint to hit Paris Climate Targets by 2040, a decade earlier than the 2050 goal
greenbiz.com/article/how-em…
130 Banks from 49 countries, presenting $47 trillion in assets, signed on to the Principles for Responsible Banking, committing to align their business strategy with the Paris Climate Agreement
unepfi.org/banking/bankin…
IEA says global renewable energy capacity set to rise 50% in 5 years
cbc.ca/news/technolog…
Norway’s largest pension fund announced it divest from the oil sands
cbc.ca/news/canada/ca…
RMI: risk of new natural gas power plants becoming stranded assets reaches a tipping point as sharp declines in costs/improving performance of clean energy portfolios
solarmagazine.com/natural-gas-po…
Bank of England Governor Mark Carney warns that businesses not moving towards zero carbon emissions will be punished by investors and go bankrupt
theguardian.com/environment/20…
All of this happened in just six weeks. Cancelling carbon taxes or creating an ‘energy war room’ will do nothing to help the Canadians most impacted by this transition, or position Canadian businesses for success.
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