Tag Archives: Bank of Montreal

Liberals’ climate wing backs Carney for leader

By John Woodside, Canada’s National Observer, Local Journalism Initiative Reporter

The climate wing of the Liberal Party is rallying around Mark Carney, offering the former central banker credibility on a file the Grits see as their competitive advantage over Conservatives.

This week Carney picked up endorsements from Environment and Climate Change Minister Steven Guilbeault, Energy and Natural Resources Minister Jonathan Wilkinson (who previously served as environment minister), and MP Ryan Turnbull, a major proponent of sustainable finance who served as the Parliamentary Secretary under former Finance Minister Chrystia Freeland.

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Calling For A Property Assessed Clean Energy (PACE) Program in BC

In 2008, the city of Berkely had a problem. They wanted to hasten the adoption of solar technology, but the $20,000 to $30,000 bill was too steep for a lot of homeowners. Cisco DeVries, the Mayor’s Chief of Staff, came up with what Scientific American would later call one of the top 20 “world-changing” ideas of the year. The capital would come from private investors, but homeowners could finance energy upgrades through their property taxes. Since then, Property Assessed Clean Energy (PACE) programs have provided more than $13 billion for solar installations and energy saving improvements for homes and businesses in the United States. Cortes Island resident Brian Scott would like to see PACE made available to British Columbians.  

 “I represent two things, an idea and an organization. The idea is the PACE financing tool, which will not be ‘the magic bullet’ but is very close when it comes to our need to address climate change quickly.  PACE specifically addresses the fact that roughly a third of our greenhouse gas emissions come from residential and commercial buildings. I’m representing the concept and promoting it. I also represent PACE Alberta and PACE Canada,” he explained. 

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Finance Canada won’t rule out debt forgiveness for TMX

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Finance Canada won’t confirm whether it will consider forgiving Trans Mountain’s massive public debts at the expense of taxpayers, despite ample indications that loan forgiveness is inevitable.

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Greenpeace targets RBC for its fossil fuel financing

By Morgan Sharp, National Observer, Local Journalism Initiative Reporter

Two Greenpeace activists were hoisted above the entrance to the Royal Bank of Canada’s Bay Street [Toronto] headquarters on Tuesday, part of a sustained campaign to get the country’s banks to divest from fossil fuel projects and respect Indigenous rights.

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