Fossil Fuel Subsidies and Climate Transition Risk: How Will Your Organization Adapt to Changing Policies?

The Government of Canada has signed the COP26 Statement on International Public Support for the Clean Energy Transition, committing to prioritize the clean energy transition and end new direct public support for the international unabated fossil fuel energy sector by the end of 2022, and the Glasgow Climate Pact to accelerate the phaseout of inefficient fossil fuels. Canada’s ministers are also working together to phase out inefficient fossil fuel subsidies that encourage wasteful consumption by 2023. How will corporate and investment fiduciaries mitigate their risk exposure in respect of fossil fuel subsidies? What types of engagement, planning, and risk management will be required? How can we turn risks into opportunities for new net-zero economic activities?

Join us for the launch of our report on fossil fuel subsidies and climate risk. Our panelists will discuss the issues regarding the handling of fossil fuel subsidies that policymakers, corporate directors and officers, pension trustees and other fiduciaries, and civil society actors must consider, as Canada’s economy moves forward with a transition to net-zero emissions.

Keynote:

• Temitope Onifade, Author of the report and Affiliated Research Scholar, Canada Climate Law Initiative

Chair:

• Ed Ma, QC, Corporate Counsel and Secretary, Thinkific Labs Inc.

Panelists:

• Dr. Fenner Stewart, Associate Professor of Law, University of Calgary
• Kai Horsfield, Former Director, Regulatory and Policy, Canadian Energy Pipeline Association
• Bronwen Tucker, Global Public Finance Campaign Co-Manager, Price of Oil