Corporate power brokers urge Ottawa to tackle climate change
Friday, November 18th, 2005Top executives from some of Canada’s largest corporations issued a statement today that urged the federal governent and attendees of the UN Conference on Climate Change in Montreal to “act urgently to stabilize the accumulation of greenhouse gases in the atmosphere and minimize the global impacts of climate change.”
The statement, titled “A Call to Action on Climate Change and Energy,” was prepared at the request of Prime Minister Paul Martin to show that Canada’s business community is committed to developing a sustainable development strategy that will take us to 2050 and beyond. They also took the opportunity to describe the actions they are taking to battle climate change.
“Where possible, we are adapting our business practices to reduce greenhouse gas emissions and to minimize the adverse impact of climate change. Some of us are major users and producers of energy, and have launched emission reduction programs and participate in emissions trading markets. We believe that purchasing and producing renewable energy, investing in low carbon technologies, working to improve energy efficiency and offering new products and services aimed at reducing emissions are meaningful strategies for the business community to undertake. Many of us have improved company productivity and profitability as a result.”
Among their recommendations is that “a more effective global effort must rapidly increase deployment of low-carbon, zero-emitting, renewable energy carbion dioxide capture and storage, conservation and energy efficiency technologies.”
They urge governments and industry to, “On an urgent basis, target strategic investments and incentives in world-class carbon dioxide capture, transport and storage and low-impact renewable energy, including green power, green heat and bio-refineries and advanced biofuels.”
Signatories to this statement are some of the Who’s Who of corporate Canada, including André Demarais, president and co-CEO of Power Corp., Clive Mather, president and CEO of Shell Canada, and Laurent Beaudoin, CEO of Bombardier Inc.
The heads of Falconbridge Ltd., Home Depot Canada, Desjardins Group, The Dominion of Canada General Insurance Company, Alcan Inc. and BC Hydro were also part of the group.
This is just another example — on top of individual announcements of Sun, GE, Ford and others — of how serious corporations are beginning to take the issue of sustainability, and how aggressive investment in clean energy and clean technologies are being put forward as a major answer to the problem.
But it’s more than just sustainability on its own. It’s profitable sustainability. Competitive sustainability. Corporations are issuing challenges to others and themselves because they realize the issue of climate change can be tackled without sabotaging the economic equation.
For another take, the Toronto Star has an article in Friday’s paper. Here’s a link to a version from the Globe and Mail.

Tyler Hamilton is editor-in-chief of Corporate Knights magazine and a business columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the clean technology and green energy market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper.