Category Archives: Climate Change

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

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June 25, 2015 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 environment. And ... Read More »

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

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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 production of specialty cellulose fibres, and ... Read More »

Ontario Announces Cap and Trade System to Cut Greenhouse Gas Emissions

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April 13, 2015 Today, Ontario Premier Kathleen Wynne announced that the province is introducing a cap and trade system to reduce greenhouse gas emissions (GHG) and put a strong and predictable price on carbon. The news release states that the new system choice “effectively reduces the amount of greenhouse gas pollution in our atmosphere by setting a limit on emissions, ... Read More »

Canada’s Ecofiscal Commission Releases Report Aimed at Reducing Canada’s Greenhouse Gas Emissions

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On April 7, 2015, Canada’s Ecofiscal Commission (“Ecofiscal”) released its report called “The Way Forward: A Practical Approach to Reducing Canada’s Greenhouse Gas Emissions” (the “Report”), which discussed the most cost-effective and practical approach to lowering greenhouse gas emissions in Canada. Some key points from the Report include: Given the significant cost to Canadians from delaying policy action on climate ... Read More »