Topic Environmental
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…
Bank of Canada and OSFI team up for pilot project on climate change risk
November 18, 2020 by Jordan Press - THE CANADIAN PRESSOTTAWA – Canada’s top central banker is making a plea for the country to more quickly address the impacts of climate change to avoid any economic ripple effects on households and businesses. Tiff Macklem made the case in a speech…
45,000 litres of oil spilled at Churchill Falls hydroelectric station in Labrador
November 13, 2020 by The Canadian PressCHURCHILL FALLS, N.L. – Nalcor Energy says about 45,000 litres of oil spilled at the Churchill Falls hydroelectric plant switchyard in Labrador. In a news release Thursday, the Newfoundland and Labrador energy corporation says the oil spilled from a transformer…
Moving through the pandemic: Intact exec to offer his view of what’s next
October 29, 2020 by Adam MalikDelivering value for customers and digital strategy will be two headliners in Intact’s “10-year strategic roadmap,” which will integrate some learnings from the crisis, the carrier told Canadian Underwriter recently. “We anticipate that consumers will engage digitally to a greater…
Aviva boss wants more trust placed on science
October 28, 2020 by Adam MalikTrusting science to help address climate change, and rebuilding more resilient communities after natural catastrophes are uppermost in the mind of Aviva Canada’s leader these days. “Scientists can tell us more than ever before about catastrophic storms, including precisely when…
Transport Canada’s dangerous goods registry has outdated, missing data: audit
October 27, 2020 by The Canadian PressOTTAWA – The federal environment commissioner says Transport Canada’s database of where dangerous goods are stored and moved could be missing thousands of locations and contains outdated details on hundreds more. The audit reports released today say the department has…
Gushing over oil storage
October 18, 2020 by Michael Freill, President, Mark 1 EngineeringHow Canada’s P&C insurers plugged a regulatory hole that exposed the industry to millions of dollars in claims every year
The growing cost to clean up abandoned and orphaned wells
October 16, 2020 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. Author: Kevin Kemball, Director – Centre for Boreal Research, Northern Alberta…
The tough question for insurers withdrawing coverage from coal
October 14, 2020 by Greg MeckbachThe industry’s concern over carbon emissions, and their impact on climate change, raises the question of whether nuclear energy is better for the environment. “One the one hand, nuclear [energy] is a source of carbon-free power generation. On the other…