Climate change has been identified by the scientific community and accepted by world leaders as an existential threat. Governments and regulators in Canada and internationally have been engaged for many years in responding to the risks posed by climate change. The implications of climate change for the economy and individual businesses have been an important area of focus.
We have been asked whether directors of Canadian corporations are obliged to address climate change risk. The answer is clearly yes. Canadian courts have accepted climate change and the risks it presents as self-evident and uncontroversial, as has the investment community…
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