Today's Supreme Court decision is a victory not just for the carbon tax. It recognizes climate change as a threat to Peace, Order & Good Government & lays out a roadmap for the federal govt to set minimum standards that provinces can exceed but not undercut.
2. Constitutionally, who could do what on climate was always a bit fuzzy resulting in lowest-common #cdnpoli denominator policies. By calling the question, Premiers Ford, Moe & Kenney have ultimately strengthened the federal government's hand in future battles over climate policy
3. So a win for the feds, but it also takes away one of their main excuses for more aggressive climate policy (need for oil industry-captured provinces to agree). We will hold them to that, while turning up the heat on provincial laggards.
4. The SCC ruling is also a delicious slap-down of the federal Conservatives climate denial, and an evisceration of the Alberta ruling. Pity my poor family as I read those bits aloud to them over dinner this evening.
5. I also think we shouldn't ignore the cultural/political significance of a Supreme Court ruling - Canadians are largely deferential to the court and this will help cement aggressive climate action as 'normal' politics
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2. It started as a comedy - who among us didn't laugh as the (misleading) anti-carbon tax stickers literally came unstuck due to cheap glue? I mean, what does Doug 'Deco Labels and Tags' Ford know about stickers anyway?
3. Then it morphed into a satire of the courtroom procedural, as the Ford government’s expert witness tried to defend not including any info on the rebates on the grounds that Ontarians are too stupid to grasp anything more complicated than a bumper sticker slogan
Re-upping this in light of news that Alberta's Energy War Room is gearing back up with an expensive new ad campaign, because I expect these 'facts' will figure in the campaign #ableg 1/x
2. It is possible that the bright lights at the War Room still go with 'the world will always need more oil' narrative, but after the treehuggers at BP, Total & the IEA all said oil's days are numbered that's a tough sell
3. They could also go with "we're the best at reducing carbon intensity", which is only convincing if you ignore that we can reduce more because carbon content is so much higher to begin with....
War Room Fact #1: "Oil and gas is the largest subsector of Canada's economy, accounting for $221 billion, or 10.6% of nominal GDP in 2018. Source: Natural Resources Canada"
Correct fact, according to NRCAN: O&G is 5.6% nrcan.gc.ca/science-data/d…
It's fair to say Energy (including electricity, related construction & other) is 10.6% of GDP but the claim is that O&G alone is 10.6% yet cited source clearly states it's 5.6% #ableg
1. Lessons for #cdnpoli from the ruthless capitalists at BlackRock, the biggest investment firm in the world: "The evidence on climate risk is compelling investors to reassess core assumptions about modern finance...." blackrock.com/corporate/inve…
2. Coal divestment = 1st step: "bc capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself. In the near future – & sooner than most anticipate – there will be a significant reallocation of capital"
3. It's not about being nice: "Our investment conviction is that sustainability- and climate-integrated portfolios can provide better risk-adjusted returns to investors." Some concrete steps BlackRock is taking (whether @jkenney likes it or not)
An #elxn43 story worth following beyond the headline: It’s not just that the company co-founded by Scheer’s campaign manager (Hamish Marshall) has contracts with both CPC and CAPP for election advertising theglobeandmail.com/politics/artic…#cdnpoli
2. This development has to be seen in light of the Globe scoop back in April on a secret meeting between oil-industry executives & Conservative politicians to map out a strategy for defeating the Trudeau government theglobeandmail.com/politics/artic…
3. At that meeting (attended by Andrew Scheer & CAPP’s Tim McMillan), Marshall (who apparently only took leave from his firm in June) spoke on a panel about “rallying the base” by using friendly interest groups that operate independently of the party