About Climate Risk
Two-thirds of known fossil fuel reserves need to be left in the ground.
To avoid catastrophic climate change most fossil fuels must remain unburned. Inevitably, a global consensus will emerge for aggressive climate action. At the same time, more than a trillion dollars a year over the next 36 years must be invested in clean energy if we hope to limit warming to two degrees Celsius.
What does this mean for investors in Canada, a nation that has prioritized fossil fuel extraction and export? How will financial markets and pension funds adapt as the reality of a carbon bubble becomes clearer? What opportunities are there for deflating this bubble and shifting to low-carbon investments?
Canada's Carbon Bubble
Mark Carney, the former Governor of the Bank of Canada, warned that the vast majority of oil, gas, and coal reserves are unburnable. The International Energy Agency, WWF, UN, World Bank and other organizations have all issued warnings about unburnable fossil fuel reserves. Analysts at Carbon Tracker warn that capital expenditures in Alberta's tar sands are out of step with demand and price scenarios consistent with climate science.
About The Climate Risk Forum
Considering these recent reports and statements, what do investment professionals and decision-makers need to know about climate risk and carbon liabilities? How will our endowments, pension funds, and other public investments be affected by global warming and our responses to it?
This forum brings together people working with public investments to share and learn about climate risk and carbon liabilities.
Who is the Forum for?
The Vancouver Climate Risk Forum will provide an opportunity for attendees to discover and discuss the latest resources and information about climate risk and fossil fuel divestment.
The program is primarily designed for:
- financial professionals
- labour representatives
- elected officials
- decision-makers from organizations concerned about exposure to carbon risk.
The Vancouver Climate Risk Forum builds off of successful events held in Seattle, Boston, and San Francisco in the last two years.
Who is speaking?
- Former Seattle Mayor Mike McGinn
- Christie Stephenson, Purpose Capital
- Karen Lockridge, Mercer
- Andrew Gage, West Coast Enviro. Law
- Monika Freyman, CERES
- Marc Lee, Canadian Centre for Policy Alternatives
- Tzeporah Berman
Financial Professional: $100
Breakfast and lunch provided.
CLIMATE RISK FORUM
8:30 AM - 4:45 PM
8:30 - 9:00 am
Breakfast and Registration
9:00 - 9:30 am
Welcome and Opening Session
9:30 - 10:20 am
Framing the Challenge: Climate Risk in Context
Marc Lee, Canadian Centre for Policy Alternatives
10:30 - 11:20 am
"Who should pay for the damage caused by climate change?"
Andrew Gage, West Coast Environmental Law
11:30 am- 12:20 pm
"Unconventional Oil" and Climate and Water Risks
Monika Freyman, CERES
12:30 pm - 1:30 pm
Lunch and Networking
1:30 pm- 2:20 pm
Climate Risk: Drivers, Barriers and Progress
Karen Lockridge, Mercer
2:30 - 3:30 pm
Christie Stephenson, Purpose Capital
Fossil Free Investing
Wayne Wachell, Genus Capital
3:30 pm - 3:45 pm
Coffee Break and Networking
3:45 pm - 4:30 pm
Climate Risk Roundtables