Topic Environmental
Energy regulator invites comment on Trans Mountain pipeline’s insurer secrecy request
March 10, 2021 by The Canadian PressCALGARY – The Canada Energy Regulator is inviting public comment on a request by the operator of the Trans Mountain pipeline to protect the identity of its insurers, with the comment period extending beyond the requested deadline. In an online…
Mild spring with some wintry blasts predicted for most of Canada: Weather Network
March 2, 2021 by John Chidley-Hill - THE CANADIAN PRESSCanadians across the country can look forward to a mild spring peppered with the odd winter flashback throughout the first part of the season, according to predictions from one prominent national forecaster. Chris Scott, chief meteorologist with The Weather Network,…
British Columbia’s Site C dam faces one-year construction delay
March 1, 2021 by The Canadian PressVICTORIA – British Columbia Premier John Horgan says completing the Site C dam is in the best interests of residents, despite the project’s price tag ballooning to $16 billion and completion date stretching to 2025. The premier told a news…
Why Canada should invest in ‘macrogrids’ for greener, more reliable electricity
February 25, 2021 by The Canadian PressThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Authors: Brett Dolter, Assistant Professor, Economics, University of Regina; Blake Shaffer,…
3 Canadian cities more prepared for flood now than they were five years ago
February 19, 2021 by Jason ContantThere’s good and bad news when it comes to the flood preparedness of 16 major Canadian cities. The bad news is that the average level of flood preparedness has remained stagnant from 2015 to 2019-20, showing a considerable margin for…
Brokerage executives to examine COVID impact today and beyond
February 8, 2021 by Adam MalikBrokers have been on the front lines while the global COVID-19 pandemic has tightened its grip on the economy and, in turn, brokers’ clients. Four leading national brokerage executives will take a look at what Canadian brokers can expect as…
Regulator’s pilot project to start scenario-testing for climate change risks
January 7, 2021 by David GambrillCanada’s solvency regulator has introduced a pilot project in 2021 to conduct scenario testing of the impact of various climate-related risks on financial institutions’ bottom lines. “The first step of the pilot project is to develop a Canada-relevant set of…
Overcoming AI’s bias: Models are only as good as the data you feed into them
January 6, 2021 by Adam MalikIf people intend to use data to help mitigate risk or save lives, that data must be trustworthy, says an artificial intelligence expert. Sean Griffin, CEO and co-founder of Disaster Tech, a disaster risk data firm, pointed out during CatIQ…
B.C. lacks plans for rising seas, flooding: coastal adaptation researcher
December 21, 2020 by Brenna Owen - THE CANADIAN PRESSVANCOUVER – Parts of British Columbia could see massive losses if the province doesn’t start planning for flooding as ocean waters rise and storms surge due to climate change, says a researcher at the University of B.C. in Vancouver. B.C.…
Western broker: Don’t chop off the head of oil industry
December 9, 2020 by Greg MeckbachAlthough the impact of carbon emissions on climate is a major concern for carriers, western Canadian brokers are concerned about efforts to reduce Canada’s reliance on oil and gas. “Oil and gas is not going away any time soon, and…
Investors increasingly asking about insurers’ environmental practices: CFOs
December 2, 2020 by Jason ContantInvestors are increasingly asking insurers about environmental, social and corporate governance (ESG) practices and how they are being managed, Intact Financial Corporation’s senior vice president and chief financial officer, Louis Marcotte, said recently. “In some cases, when we meet investors,…
Aviva CEO sides with science against fruitless conjecture around climate risk
November 27, 2020 by Adam MalikAviva Canada CEO Jason Storah has no time for arguing about the validity of climate change and the threats facing the planet that are affecting the insurance industry. Instead of debates about climate change based on speculation and conjecture, he’d…