Opinion: Why Biden’s historic climate bill could be a big win for Canada

Opinion: Why Biden’s historic climate bill could be a big win for Canada

GM workers use human assistance automation to weld vehicle doors at the General Motors assembly plant during the COVID-19 pandemic in Oshawa, Ont., on March 19, 2021.Nathan Denette/The Canadian Press Washington has handed Canada’s electric vehicle and cleantech industries a big gift, in the form of a historic climate bill that creates new incentives for … Read more

Swiss give cool reply to Ukraine call for seizing Russian assets

Swiss give cool reply to Ukraine call for seizing Russian assets

Swiss President Ignazio Cassis listens during the Ukraine Recovery Conference in Lugano, Switzerland July 5, 2022. Alessandro della Valle/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register LUGANO, Switzerland, July 5 (Reuters) – Switzerland has given a cool response to calls from Ukraine’s prime minister to use frozen assets of ultra-wealthy Russians … Read more

Big Oil’s Boardroom Battles Subside As Climate Activism Loses Steam

Big Oil’s Boardroom Battles Subside As Climate Activism Loses Steam

Last year proved to be a watershed moment for oil and gas companies in the global transition to clean energy, with Big Oil facing a series of boardroom and courtroom battles against hardline climate activists. The world’s largest publicly-traded oil company, Exxon Mobil (NYSE:XOM), lost three board seats to Engine No. 1, an activist hedge … Read more

12 outperforming TSX dividend stocks with low levels of ESG risk

12 outperforming TSX dividend stocks with low levels of ESG risk

What are we looking for? Outperforming Canadian stocks that have low levels of ESG risk. The screen Given the rocky Canadian equity markets of late, younger investors, who are often enthusiastic consumers of newsfeeds and social media, are reminded that what may appear to be the end of the world today will likely seem like … Read more

BMO taps Citibank executive as new chief risk officer

BMO taps Citibank executive as new chief risk officer

Bank of Montreal BMO-T is hiring a new chief risk officer, bringing on board Citibank executive Piyush Agrawal later this year as current risk chief Pat Cronin prepares to retire after nearly 30 years at the bank. Mr. Agrawal comes to BMO from Citibank NA, the consumer banking arm of US financial services giant Citigroup … Read more

Three senior executives let go from oil sector lobby group

Three senior executives let go from oil sector lobby group

Three senior executives have been let go from the Canadian Association of Petroleum Producers, the first shakeup at the oil sector lobby group since it came under the direction of new chief executive Lisa Baiton a month ago. In an e-mail to CAPP employees obtained by The Globe and Mail, Ms. Baiton said the three … Read more

EXCLUSIVE Twitter under shareholder pressure to seek deal with Musk, sources say

EXCLUSIVE Twitter under shareholder pressure to seek deal with Musk, sources say

Elon Musk’s twitter account is seen on a smartphone in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register April 24 (Reuters) – Twitter Inc (TWTR.N) is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has … Read more

Canadian bank investors resoundingly reject push for ‘say-on-climate’ votes

Canadian bank investors resoundingly reject push for ‘say-on-climate’ votes

Bank towers are shown from Bay Street in Toronto’s financial district.Adrien Veczan/The Canadian Press Shareholders at Canada’s five largest banks resoundingly rejected an activist campaign asking each lender to hold an annual “say-on-climate” vote, with Toronto-Dominion Bank’s TD-T investors the latest to thwart the effort. The country’s five largest lenders all held their annual general … Read more

Opinion: How CNOOC’s big bet on the oil sands became a major liability in just 10 years

Opinion: How CNOOC’s big bet on the oil sands became a major liability in just 10 years

The CNOOC booth at the 2021 China International Fair for Trade in Services in Beijing on Sept. 4, 2021.FLORENCE LO/Reuters A decade ago, Conservative prime minister Stephen Harper’s government turned itself inside out for several months. It wanted to be seen as pro-foreign investment, but also a protector of Canada’s biggest energy bounty – the … Read more

Oil Sands Financing From Canadian Banks Doubles

Oil Sands Financing From Canadian Banks Doubles

Despite pledges of net-zero portfolios, Canadian banks doubled their funding for Canada’s oil sands production and related projects to $16.8 billion last year, according to data from a recent report by environmental groups crunched by the Financial Times. Bank financing for 30 top oil sands production companies and six key oil sands pipeline companies increased … Read more