Air quality advisories issued in 5 provinces, 1 territory
Air quality advisories are in effect across Western Canada as smoky conditions plague some areas, according to the latest forecasts. Here's where.
Environmental advocates say the financial sector needs firm regulations to push it on climate efforts as voluntary action isn't coming fast enough to meet Canada's obligations.
Groups including Environmental Defence, Ecojustice, and Shift:Action outlined their proposal in a report that pushes the federal government to require "credible" climate plans from the banking, insurance, and pension sectors that would limit warming to 1.5 degrees, and to require assessments of those plans by regulators.
Banks and other financial players have already committed to reaching net-zero emissions by 2050 and this year outlined shorter-term goals on reducing financed emissions for high-emitting sectors by 2030, as required by their membership in the Mark Carney-led Glasgow Financial Alliance for Net Zero (GFANZ).
Advocates, however, point to last week's decision by the alliance to quietly distance itself from another climate club, the UN-backed Race to Zero, as evidence that voluntary commitments aren't strong enough on their own.
The split came after Race to Zero introduced stricter criteria in June around emission reductions and fossil fuel funding, which led to a pushback from many in the banking sector and ultimately led GFANZ to no longer requiring members also be part of Race to Zero.
Julie Segal, senior program manager of climate finance at Environmental Defence, says any credible climate plan has emissions peaking by 2025, while the finance sector is still directing too much money to expanding fossil fuel production.
"We need the financial sector to align with Canada's existing legal climate commitment to keep warming below 1.5 degrees. And that needs to happen now."
She says the proposed regulations and oversight could be implemented within existing agencies and powers, and still leave flexibility for each institution to decide its own path, but current federal climate plans don't focus enough on the financial industry.
"The financial sector is a key missing piece," says Segal. "This is a fundamental gap in Canadian climate policy, and a really key point."
This report by The Canadian Press was first published Nov. 2, 2022.
Air quality advisories are in effect across Western Canada as smoky conditions plague some areas, according to the latest forecasts. Here's where.
After receiving a DNA kit one Christmas from his son-in-law, Hugh McCormick soon discovered that he had six unknown siblings, with whom he shared the same birth parents.
Four years on, the controversy over whether airlines owed refunds to passengers after cancelling hundreds of thousands of flights during the pandemic continues to simmer, aggravated by a sluggish, opaque complaints process.
Many foods fall under the category of ultraprocessed foods, depending on their exact ingredients. This type of food has been studied a lot lately, and the results aren’t great.
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The star prosecution witness in Donald Trump's hush money trial is set to take the stand Monday with testimony that could help shape the outcome of the first criminal case against an American president.
Millions of Indians across 96 constituencies began casting their ballots on Monday as the country's gigantic, six-week-long election edges past its halfway mark. Prime Minister Narendra Modi is seeking a third straight term with an eye on winning a supermajority in Parliament.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
English, history, entertainment, math and geography: high school trivia teams could be quizzed on any of it when they compete at the Reach for the Top Nationals in Ottawa in June.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.