Richard Carson / Reuters
Everything from insurance to travel is being impacted.
Todd Korol / Reuters
Sustainable investments now dominate the stock market.
Photograph by Devon OpdenDries. via Getty Images
It is among the most exposed industries, says think-tank.
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Seventeen publicly traded junior energy companies have disappeared in the past 30 months.
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As concerns about the impacts of climate change mount, the movement among investors to divest from fossil fuels is gathering momentum. Divestment -- the opposite of investment -- refers to ditching investments that are unethical, harmful or morally questionable.
As fossil fuel reserves become depleted, thanks to our voracious and wasteful habits, extraction becomes more extreme and difficult. Oilsands mining, deepsea drilling and fracking are employed because easily accessible supplies are becoming increasingly scarce. The costs and consequences are even higher than with conventional sources and methods.
Chris Wattie / Reuters
"This is about making our economy more competitive and leaving our kids a cleaner environment."
THE CANADIAN PRESS/Jason Franson
Nothing is more sacred than that which provides life and health: clean air, safe water, healthy soil, photosynthesis. Yet damaging natural systems on which those conditions depend is seen as irrelevant, external to economic considerations. Thoughtful, sensitive corporate executives can't let their love of children or nature affect their decisions because consequences like pollution and habitat degradation are simply the "costs of doing business."
One thing stands out when reading about Jane Fonda, who visited the Fort McMurray region this week. She seems, sometimes at least, to learn from her mistakes. Let's face it; in the world of superficial Hollywood activism populated by the likes of Leo DiCaprio and Daryl Hannah, self-awareness seems to shut down as soon as the director yells "cut."
"Any pricing mechanism implemented should contribute to a vibrant and competitive oil and gas sector."
THE CANADIAN PRESS/Adrian Wyld
The proposed pipeline project would link Alberta's oilsands to British Columbia's north coast.
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To prevent the destruction of their hunting grounds, the remote hamlet of Clyde River in Nunavut and the Nammautaq Hunters and Trappers Organization appealed to the Supreme Court of Canada, which agreed to hear the case later this year. This case is in an isolated region. But the threat of massive development in yet another traditional territory is not an isolated case.
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Federal assessments show high levels of oil, gas and forestry activity mean no boreal Caribou herd in Alberta is likely to survive without significant changes in habitat management. In 2011, the range of the Little Smoky herd was assessed as being 95 per cent disturbed by industrial activity, and oil, gas and forestry have since caused further damage.
Industrial activity has profoundly affected the Blueberry River First Nations in northern B.C. In much of the territory, which once supported healthy moose and caribou populations, it's difficult if not impossible to walk half a kilometre before hitting a road, seismic line or other industrial infrastructure.