atomickerAttn #MarkCarney:
“We are currently living through a paradigm shift in the speed, scale and severity of risks driven by the climate-nature crisis. Yet many regulations and government actions are dangerously out of touch with reality.”
"Some are saying we’ll have a 10% GDP loss at between 3C and 4C degrees [of global heating], but the physical climate scientists are saying the economy and society will cease to function as we know it. That’s a big mismatch"
'As the world speeds towards 2C of global heating, the risks of extreme weather disasters and climate tipping points are increasing fast. But current economic models used by governments and financial institutions entirely miss such shocks'
The 'accelerating impact of the climate crisis could lead to a global financial crash'
'Recovery would be far harder than after the 2008 financial crash, they said, as "we can’t bail out the Earth like we did the banks"'
Mark Carney's MOU with Danielle Smith says an "appropriate adjustment" would be made to the oil tanker moratorium to allow increased export of tarsands bitumen via a new pipeline.
'Coastal First Nations have strongly opposed such a pipeline, saying the risk to their way of life is far too great.'
"On the environmental file, Carney has been a disappointment (...) His advocacy of expanding oil and gas exports signals continued reliance on fossil fuels and reflects his desire to maintain the support of the (largely foreign-owned) industry."
https://www.policyalternatives.ca/news-research/carney-in-davos-neoliberalism-in-a-nicer-suit/
Extreme heat ‘is getting worse and whether we like it or not… there’s ultimately a limit to what we can actually physically cope with’
#Canada #CDNPoli #NoPipelines #ClimateCrisis #ClimateChange #ExtremeWeather #Heatwaves #GlobalHeating #Australia
'LNG Canada has been flaring up to 15 times more gas than expected'
'Just a few kilometres away from the nearest residential neighbourhood, LNG Canada had been feeding gas into its flaring system by a magnitude of more than 15 times the typical amount to compensate for what was described as an "integrity issue."'
https://thenarwhal.ca/lng-canada-flaring-integrity-issue/
#Canada #CDNPoli #NoPipelines #ClimateCrisis #ClimateChange #NoLNG #Pollution
'It is the first time a social cost of carbon (SCC) assessment—a key measure of economic harm caused by climate change—has included damages to the ocean. Global coral loss, fisheries disruption, and coastal infrastructure destruction are estimated to cost nearly $2 trillion annually, fundamentally changing how we measure climate finance.'
"For decades, we’ve been estimating the economic cost of climate change while effectively assigning a value of zero to the ocean (...) Ocean loss is not just an environmental issue, but a central part of the economic story of climate change."
'Ocean damage nearly doubles the cost of climate change'
'Ignoring the blue economy has left a multi-trillion-dollar blind spot in climate finance'
https://arstechnica.com/science/2026/01/ocean-damage-nearly-doubles-the-cost-of-climate-change/
