Edition for 29 February 2020

Top Stories

Mike Bloomberg Wouldn't End Oil Exports for Some Strange Reason (Gizmodo)

  • The increase in fracking and domestic energy production in part fueled that change, but the climate crisis is forcing Democratic candidates to weigh whether they’d reinstate that ban if they win the White House.
  • But self-proclaimed climate change guy Mike Bloomberg, however, would opt to continue exporting oil and gas to the world as president.
  • If the U.S. is going to be a world leader in addressing the climate crisis—as Bloomberg says he will position the country to be—it needs to put planet before profits.

Climate stress tests are coming to Canada. Are banks paying attention? (Corporate Knights)

  • In the wake of devastating bushfires, news emerged earlier this month that Australia plans to speed up the introduction of mandatory climate stress tests for its financial sector.
  • Australia is the latest country to move forward with climate stress tests.
  • The Bank of Canada announced last year that it intends to run climate stress tests in the future – although when exactly, we don’t know.

Plan to drain Congo peat bog for oil could release vast amount of carbon (Guardian)

  • Drilling in one of the greatest carbon sinks on the planet could release greenhouse gases equivalent to Japan’s annual emissions, experts warn.
  • The world’s largest tropical peatlands could be destroyed if plans go ahead to drill for oil under the Congo basin, according to an investigation that suggests draining the area would release the same amount of carbon dioxide as Japan emits annually.
  • Preserving the Congo’s Cuvette Centrale peatlands, which are the size of England and store 30bn tonnes of carbon, is “absolutely essential” if there is any hope of meeting Paris climate agreement goals, scientists warn.
  • They estimated it stored the equivalent of three years of global fossil fuel emissions, making it one of the greatest carbon sinks on the planet, according to a paper published in the journal Nature.

U.S. Tribes Claim U.S. Government Violates Human Rights Obligations by Failing to Address Climate-Forced Displacement (Climate Law Blog)

  • Aerial View of the Native Village of Kivalina This January, five U.S. Tribes in Alaska and Louisiana submitted a complaint to multiple U.N. Special Rapporteurs, claiming that the U.S. government is violating its international human rights obligations by failing to address climate change impacts that result in forced displacement.
  • The complaint is the second climate displacement-related complaint to be filed this year through the U.N. system, and the first to specifically address internal displacement as a result of climate-related impacts.
  • Framing climate displacement as a human rights issue, the complaint joins a growing number of legal challenges that use international human rights law to try to hold governments accountable for climate change.

See you at the Supreme Court, Ottawa responds, after Alberta demands carbon tax be lifted (CBC)

  • On Monday, Alberta's top court declared the federal carbon tax unconstitutional.
  • "The Supreme Court will determine if a federal price on carbon pollution is constitutional, a decision that will answer this important question for our country as a whole," Federal Justice Minister David Lametti wrote to Alberta Justice Minister Doug Schweitzer, in a letter obtained by CBC News.
  • "Our government is confident that the price on carbon pollution is within federal jurisdiction," Lametti added.

Protecting Coral Reefs in a Deteriorating Environment (The National Academies of Sciences, Engineering and Medicine)

  • A new report examines novel approaches for saving coral reefs imperiled by climate change, and how local decision-makers can assess the risks and benefits of intervention.
  • Coral reefs around the world face growing danger from a changing climate, on top of the historic threats from local pollution and habitat destruction.
  • “Maintaining the stability of coral reefs in the face of local and climate stressors is a key goal for supporting human well-being around the world,” said Stephen Palumbi, chair of the 12-member committee that wrote the report, and Jane and Marshall Steel Jr.

The Climate Sentinel is an AI-powered news assistant for ESG investors and those concerned about climate change, corporate social responsibility, and related topics. Learn more.


Receive email updates on new features, news, and our technology.