Representatives from 175 UN member states, gathered in Nairobi for an Environmental Assembly meeting last week, voted unanimously in favour of creating a legally binding global treaty to reduce plastic waste.

The Output-Based Pricing System Proceeds Fund will support clean energy and industrial decarbonization projects in provinces where revenues were generated.

Although Ontario’s grid is exceedingly clean by North American standards, deriving 94% of its electricity from non-emitting sources like wind, hydro, and nuclear, a clean energy credit registry could help businesses meet quantifiable emission reduction goals and boost ESG credentials by allowing certified clean energy purchases from the grid.

After attacking Ontario Liberals for their “carbon tax” in 2018, and federal Liberals for their “carbon tax” in 2019, Ford quietly decided that in 2022, he actually wouldn’t mind his own.

In mandate letters sent last week, Prime Minister Trudeau directed Finance Minister Chrystia Freeland and Environment Minister Steven Guilbeault to “work with provinces and territories to move toward mandatory climate-related financial disclosures based on the Task Force on Climate-related Financial Disclosures [TCFD] framework.”

A proposed electric vehicle tax credit in US Democrats’ Build Back Better bill is raising trade tensions with Canada and Mexico. Both countries claim the policy, if included in the final bill, will violate the USMCA (formerly NAFTA) by disadvantaging their respective auto manufacturing industries.

At COP26, delegates and other notable persons from the worlds of politics, business, and finance announced various pacts and initiatives, some better received than others. Here is a summary of the conference in 10 points covering its five greatest achievements and five most notable failures.

Canadian Prime Minister Justin Trudeau unveiled his new cabinet Tuesday, naming Steven Guilbeault the new Minister of Environment and Climate Change. A longtime environmental activist, Guilbeault served for several years as spokesman for Greenpeace Quebec, and was co-founder and senior director of Quebec environmental non-profit Équiterre.

If adopted, firms offering public investments would have to disclose greenhouse gas emissions (or explain non-disclosure), as well as governance, strategy, risk management practices, and metrics pertaining to climate-related risks and opportunities.

Canada will join a global initiative led by the United States and European Union to reduce methane emissions 30% from 2020 levels by 2030.