Resources for Policy Makers

Our robust legal research allows the team to provide specific policy recommendations that can help policy makers in developing policies related to directors’ duties and climate change, including climate-related disclosures.


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

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Additional resources

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Feb 28th, 2022

Fossil Fuel Subsidies in Canada: Governance Implications in the Net-Zero Transition

Canada ranks highly among the developed countries that have provided government support to the fossil fuel sector, but this situation is changing. To address the climate emergency, Canada has legally committed to achieving net-zero carbon dioxide (CO2) and other greenhouse gas (GHG) emissions by 2050. How our federal, provincial, and territorial governments spend public dollars […]

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Aug 19th, 2021

Climate-related Legal Risks for Financial Institutions: Executive Brief

Introduction Financial sector risk leaders, risk managers, and board risk committees are increasingly aware of climate-related legal risks to financial institutions. In  Canada, the Office of the Superintendent of Financial Institutions (OSFI) has identified liability risk as a source of climate-related financial risk facing deposit-taking institutions, insurance companies, and pension funds. These risks include regulatory […]

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Jun 16th, 2021

On the Horizon – Briefing note on TCFD-aligned mandatory disclosure in New Zealand

Canadian and other regulators globally are considering how best to embed disclosure and governance of climate-related financial risks and opportunities into financial reporting. This briefing note canvasses recent legislative initiatives in New Zealand as another example of a regulatory path towards net zero. In April 2021, the New Zealand Government introduced the Financial Sector (Climate-related […]

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Jun 2nd, 2021

Following the Footpath to Mandatory TCFD Disclosure in the United Kingdom: Lessons for Canadian and Other Regulators

Regulators in Canada and elsewhere are considering regulatory changes to accelerate the transition towards net-zero carbon emissions. Part of that consideration is whether to adopt the Taskforce on Climate-related Financial Disclosures (TCFD) four pillar framework of governance, strategy, risk management, and metrics and targets. We can learn from regulators that have already adopted measures, in […]

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Mar 31st, 2021

Haida law of gina ‘waadluxan gud ad kwaagiida and Indigenous rights in conservation finance

Globally, we are facing an existential threat to biodiversity from human activities that have intruded into terrestrial, aquatic, and aerial ecosystems, exacerbating global warming. The Supreme Court of Canada has held that climate change “is a threat of the highest order to the country, and indeed the world.” Corporations and financial institutions increasingly recognize the […]

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Mar 4th, 2021

Sustainable finance for a safe climate: Perspectives on mobilizing capital for a swift, resilient recovery

Based on opinion data, the interviews and our analysis, the Pembina Institute is making a series of recommendations toward a financing strategy that helps integrate the E, S (and G) in ESG (environmental, social and governance indicators) by enabling private capital to flow to the technologies and projects that can maximize job creation, emissions reductions, […]

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Apr 1st, 2019

Clean Growth and Climate Change: How Canada can Lead Internationally

Between 6 October 2018 and 20 February 2019, the House of Commons Standing Committee on Environment and Sustainable Development (the committee) conducted the second part of its study on Clean Growth and Climate Change, which focused on international leadership. The committee heard from witnesses about steps being taken in Canada to reduce emissions and address […]

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Apr 1st, 2018

Decarbonizing Heavy Industry: The Low-Carbon Transition of Canada’s Emission-Intensive and Trade-Exposed Industries

The Standing Senate Committee on Energy, the Environment and Natural Resources is studying what it will cost ordinary Canadians and businesses to meet Canada’s greenhouse gas (GHG) emission reduction targets. It is examining the effects Canada’s GHG reduction targets will have on five sectors of the Canadian economy: electricity, transportation, oil and gas, buildings and […]

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