KNIGHT LEGG: ESG deserves a 'D'

  • 📰 TheTorontoSun
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Canada Headlines News

Canada Latest News,Canada Headlines

ESG policies – initially intended to bring an ethical perspective to investing or insuring assets \u002D have become politicized.

Here’s a timely example: Four key European insurance firms – Munich Re, AXA, Swiss Re and Zurich Re – have used ESG policies to prohibit coverage to Canada’s oilsands companies – which manage 96% of Canada’s oil supply. But these same policies have no prohibition on continued service to despotic and openly anti-democratic state energy companies in nations like Russia and Saudi Arabia.

Third, there is no transparency. European insurers are normally extremely fact-based; the most sophisticated actuarial and data-led firms in the planet. They also demand absolute transparency from their clients in order to price and insure risk.tap here to see other videos from our teamWe spent a year of trying to get factual responses from these insurance firms to try to find a basis for reversing these policies. A recently resigned insurance CEO finally clarified the situation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 23. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How a play called The Breathing Hole has transformed to reclaim language and model Indigenous pathmakingWhile the basic tale remains the same \u002D a three\u002Dact saga set in the Arctic that chronicles the adventures of a mythical one\u002Deared polar bear over a time span of 500 years \u002D and Inuk theatre artist Reneltta Arluk is back in the director’s chair, the spirit of it has been transformed.
Source: OttawaCitizen - 🏆 21. / 68 Read more »

How a play called The Breathing Hole has transformed to reclaim language and model Indigenous pathmakingWhile the basic tale remains the same \u002D a three\u002Dact saga set in the Arctic that chronicles the adventures of a mythical one\u002Deared polar bear over a time span of 500 years \u002D and Inuk theatre artist Reneltta Arluk is back in the director’s chair, the spirit of it has been transformed.
Source: ottawasuncom - 🏆 4. / 92 Read more »

Experts say government has a key role to play protecting crypto investors from bad actorsAs bankruptcy proceedings reveal the stunning extent of financial mismanagement at a crypto exchange previously heralded as a “white knight” for the industry, experts say recent collapses in the sector do not pose a wider risk to the mainstream financial system. But they warn the Canadian government can no longer take a “swim at your own risk” approach to crypto. Carleton University researcher James Patriquin says governments must take an active role in regulating the crypto sector because ‘there’s only so much a consumer can do to protect themselves against misinformation and deception.’ Photograph courtesy of Carleton University James Patriquin, a PhD candidate at Carleton University who studies cryptocurrency and the political economy of digital finance, told The Hill Times “there’s only so much a consumer can do to protect themselves against misinformation and deception.” He warned against an overtly hands-off approach to crypto, which he said has been the Liberal government’s default to date. That posture has been “something of the default approach” for government and regulators since crypto exchange platforms started becoming popular between 2016 and 2018, he noted. When reports emerged of ‘Freedom Convoy’ supporters looking to use cryptocurrencies to support the movement, the federal government used its emergency powers to make it mandatory for cryptocurrency platforms to register with FINTRAC, the federal government’s intelligence unit. But that process does not cover the full range of regulations that more established financial institutions, such as Canada’s big banks, must abide by. Finance Minister Chrystia Freeland holds a press conference on Feb. 17 to address federal implementation of the Emergencies Act in response to the ‘Freedom Convoy’ protests across Canada. The Hill Times photograph by Andrew Meade “In Canada at least the government seems to be more interested in policing payments that are potentially deviant than using digital finance to encoura DearOtherPeople You can't regulate a Ponzi scheme. DearOtherPeople NO protection for crypto!! You want to buy in…it’s at YOUR risk! Not taxpayers! UNLESS Crypto dealers are obligated to fund the protective measures….forget it! DearOtherPeople But isn’t crypto supposed to be unregulated?
Source: TheHillTimes - 🏆 11. / 79 Read more »

GARRIOCH: The Ottawa Senators don't go down without a fight in 4-1 loss to KnightsKNIGHTS 4, SENATORS 1
Source: ottawasuncom - 🏆 4. / 92 Read more »

Garrioch: The Ottawa Senators show fighting spirit in 4-1 loss to KnightsKNIGHTS 4, SENATORS 1 Please assign a real reporter to the team.
Source: OttawaCitizen - 🏆 21. / 68 Read more »

Senators fall to last place with 4-1 loss to Golden KnightsWilliam Carrier scored his third goal in two games and the Vegas Golden Knights defeated the Ottawa Senators 4-1 on Wednesday night.
Source: ctvottawa - 🏆 29. / 67 Read more »