Canada’s energy, utilities sectors should beef up climate change competency: report
January 13, 2017 by Canadian UnderwriterCompanies in Canada’s most carbon-intensive sectors are not demonstrating “climate competency” in the boardroom and should be doing so to address climate change issues, suggests a report this week by Shareholder Association for Research & Education (SHARE). “Investors are increasingly…
Fiat Chrysler Automobiles receives notice of violation for alleged failure to disclose software that increases air pollution from vehicles
January 13, 2017 by Canadian UnderwriterThe U.S. Environmental Protection Agency (EPA) announced on Thursday that it has issued a notice of violation to Fiat Chrysler Automobiles N.V. and FCA US LLC (collectively FCA) for allegedly failing to disclose software that increases air pollution from vehicles.…
Second VW employee arrested over emissions scheme
January 10, 2017 Tom Krisher and Eric Tucker - THE ASSOCIATED PRESSDETROIT – The Volkswagen executive who once was in charge of complying with U.S. emissions regulations was arrested during the weekend in Florida and accused of deceiving federal regulators about the use of special software that cheated on emissions tests.…
Research on earthquakes, tsunamis and climate change to benefit from federal investment of $46.6 million to Ocean Networks Canada
January 10, 2017 by Canadian UnderwriterThe federal government has provided a five-year $46.6 million investment to the University of Victoria’s (UVic) Ocean Networks Canada (ONC) to support its continued research and development. ONC pioneers ocean observatories that stream live data 24/7 to researchers across Canada…
Canadian Coast Guard safely rescues crew members from grounded tanker
January 9, 2017 by Canadian UnderwriterThe Canadian Coast Guard (CCG) has reported that six crew members have been safety rescued after a tanker ran aground off Nova Scotia on Sunday. In a series of tweets, CCG reported that the vessel Arca 1 ran aground off…
Carpooling apps could reduce traffic 75% in New York City and help with pollution, energy usage: MIT study
January 6, 2017 by Canadian UnderwriterUsing carpooling options from companies like Uber and Lyft could reduce the number of vehicles on the road in the New York City by a factor of three without significantly impacting travel time, according to a new study from the…
Marine market faced with “aging fleet of vessels,” CBMU president says
December 5, 2016 by Canadian UnderwriterThe marine insurance market is “very competitive” and worldwide, premiums dropped 10.5% from 2014 to 2015, due in part to currency fluctuations, the president of the Canadian Board of Marine Underwriters said at a recent presentation. In the marine insurance…
Ontario environment ministry ‘does not always require financial security’ from organizations at high risk of pollution: Auditor General
December 1, 2016 by Canadian UnderwriterOrganizations undertaking activities with high risk of pollution in Ontario are often not required to provide financial security to ensure funds are available later for clean-up costs, the province’s auditor general warned in her annual report released Wednesday. Meanwhile, the…
Saskatchewan reaches deal with Ottawa on future of coal-fired power plants
November 28, 2016 The Canadian PressREGINA – Saskatchewan says it has reached a deal with Ottawa that will allow the province to keep using coal-fired power plants in what it calls “a responsible manner” beyond 2030. The agreement will allow the province to meet federal…
Growing trend toward seeking punitive, personal legal action against corporate leaders: AGCS
November 28, 2016 by Canadian UnderwriterNew and emerging risks are putting corporate leaders under more pressure of falling foul of investigations, fines or prosecution over alleged wrongdoing, notes a new global report issued Monday by Allianz Global Corporate & Specialty (AGCS). “There is a growing…
Ontario, Quebec and California hold “linked carbon market” meeting at COP22
November 16, 2016 by Canadian UnderwriterThe governments of Ontario, Quebec and California held a tri-lateral meeting on Wednesday to further efforts to reduce greenhouse gas (GHG) emissions while boosting economic growth by linking cap-and-trade programs and expanding carbon markets. Ontario’s Minister of the Environment and…
Oceans Protection Plan includes robust polluter-pay approach to abandoned, derelict and wrecked vessels
November 8, 2016 by Canadian UnderwriterCanada’s new $1.5 billion national Oceans Protection Plan involves a raft of measures to help protect the country’s marine environment, including a pollution-pay approach with regard to abandoned, derelict and wrecked vessels The national plan was announced Monday in St.…