Op-Ed: Electricity-Generation Transition in Canada

first_imgOp-Ed: Electricity-Generation Transition in Canada FacebookTwitterLinkedInEmailPrint分享Globe and Mail:While momentum is clearly building to end pollution from burning coal, a change of that magnitude takes time. As environmental organizations reported this week, some Canadian companies are among those investing to expand coal power overseas.While companies are responsible for their own decisions, this news does not represent the growing trend worldwide. Many other companies and investors are moving in the opposite direction. They see opportunities not in the expansion of coal burning – which is a hazard to our health and a driver of climate change – but in the economic opportunity of clean growth.Major corporations such as Facebook, Google and Wal-Mart are all part of RE100, a global initiative that commits companies to move toward 100-per-cent renewable energy. One of these companies, Salesforce, had plans to achieve net-zero carbon emissions by 2050, but through rigorous innovation has already reached its goal.There was also the announcement that 237 other companies – with a combined market capitalization of $6.3-trillion – publicly supported the Task Force on Climate-related Financial Disclosures. Led by Bank of England Governor Mark Carney and Michael Bloomberg, the recommendations of the Task Force will require companies to publicly disclose the risks climate change pose to the value of their assets.By adopting these recommendations, CEOs and boards of directors would be required to ask themselves: Does our business strategy align with the goals of the Paris Agreement? If not, they would have to answer to their shareholders.But all investors should be concerned about risk exposure. We know we’re in a global transition to cleaner energy, and the financial risks of investing in thermal coal are significant. Some institutions are taking action to reduce this risk. The World Bank announced this week that it would end financial support for upstream oil and gas projects after 2019, citing the increasing threats of climate change.The fact is, global markets are shifting.Renewable power is the most competitive source of electricity in many markets. Since 2011, more money has been invested each year in renewable electricity than in power from fossil fuels. And in the United States, solar power is more than 80-per-cent cheaper to produce today than it was in 2009, while wind power is more than 60-per-cent cheaper. Increasingly, clean power is affordable power.Yet any move away from coal also raises questions about jobs. I’m proud to say that Alberta – which generates more than half of its power from coal – is leading by phasing out coal, and making it a fair transition for workers and communities. The province appointed a task force to visit each of its coal communities, hear from workers, and find a way forward that supports them, including through skills training and community economic development.With smart and strategic investments, governments are moving away from coal and spurring clean economic growth. The federal government is doing this through historic investments in public transit, innovation and energy-efficient infrastructure – which together are making our economy stronger and our towns and cities cleaner.More: Why investing in coal is risky businesslast_img read more

Moyes stands firm over Rooney

first_img Press Association Manchester United manager David Moyes brushed off Jose Mourinho’s declared admiration of Wayne Rooney by again insisting the striker was going nowhere. What Mourinho said, a few miles away from Chelsea’s team hotel in Bangkok hours after their arrival, was typical of the man, retreating from a question initially before saying just enough to trigger a headline. “I cannot speak about players from other teams,” he said. “But you know me…I always say what I think and he is a player I like very much. I cannot say more than that. Being fast and direct, I like him very much. But he is a Manchester United player.” Rooney could clearly deal with the confusion himself by stating his own thoughts on his future. It is something within his power given the speed with which he underlined how disappointed he was to be leaving Thailand. But it has not happened. And until it does, the speculation will continue no matter what Moyes says. “I have really covered all the things on Wayne,” the United boss said. “You mustn’t forget Manchester United is about a team, not any one individual. In lots of ways I am only interested in the team and some of the questions are reverting back to stuff I covered last week.” At least Moyes was able to deliver some positive news on Rooney’s injury. Though the problem is evidently much worse than when it first surfaced at Carrington prior to departure on Wednesday, the United boss feels Rooney could be fit by the time his team-mates return home at the end of the month. It seems skipper Nemanja Vidic is another who will play no part in the tour, even though United’s initial response to his absence from their flight out of Manchester was to say the Serbia defender would eventually join up. Vidic is presently undergoing a series of injections to ease a problem with the sciatic nerve in his back. And, at this stage, Moyes cannot be certain whether Portugal winger Nani will make it either. Moyes said: “Nani had an operation on his nose to clear a bit of breathing. At the moment we are not sure if flying is allowed. That is the one downside to it.” center_img The comment is not strictly true given Rooney has gone home, returning to Manchester with a hamstring injury after spending a matter of hours in Thailand ahead of United’s tour opener. However, it is clear Moyes will not be moved from the mantra he has repeated on an almost daily basis. And not even Mourinho can change it. “I don’t think so,” the Scot said, when asked if the Chelsea manager was being mischievous. “People are entitled to talk about good players. I am being asked plenty about Wayne so I am sure Jose will be getting asked about lots of players as well. It is hard to keep repeating myself – but I will do. Wayne is a Manchester United player and will remain that.” last_img read more