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Investing in troubled waters
The report identifies significant ESG risks in the aquaculture industry, specifically high fish mortality and the use of wild-caught fish in feed, which threaten long-term profitability and food security. It finds that most investors lack robust policies to mitigate these risks and warns that some 'green bonds' in the sector may be used for greenwashing. The document recommends that investors require investees to disclose supply chains, reduce mortality rates, and eliminate wild-caught fish in feed by 2025.
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Document type: Executive summary
Investing in troubled waters
The report argues that the aquaculture industry faces significant systemic risks due to high fish mortality rates and a dependence on fishmeal and fish oil (FMFO) derived from wild-caught fish. It finds that most investors fail to integrate these material risks into their policies, often relying on inadequate certification schemes. The document highlights the economic cost of fish deaths, the threat to food security in regions like West Africa due to FMFO extraction, and the potential for 'greenwashing' through green bonds. It recommends that investors require full supply chain transparency, the elimination of wild-caught fish in feed by 2025, and the adoption of robust fish-welfare standards.
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Document type: Report
Enabling Climate Ambition: Border carbon adjustment in Canada and abroad
The report examines the implementation of a border carbon adjustment (BCA) in Canada to mitigate 'leakage'—where emissions-intensive and trade-exposed (EITE) sectors relocate or are undercut by foreign competitors with lower carbon costs. It proposes two primary design paths: a regulation-based BCA extending the existing output-based pricing system (OBPS) or a tax-based BCA accompanying a full carbon tax. The authors identify 11 high-risk product categories, including bitumen and synthetic crude oil, which represent 34% of Canada's GHG emissions. The report analyzes the EU's Carbon Border Adjustment Mechanism (CBAM) and the U.S. approach, noting that while the U.S. lacks a national carbon price, it may use low-carbon standards or Section 232 tariffs. Key recommendations include coordinating with the EU and U.S. to harmonize benchmarks and ensuring the system is 'future-proofed' to accommodate a transition from the OBPS to full carbon pricing.
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Document type: Report
Advancing the Climate Resilience of Canadian Infrastructure
The report identifies significant climate risks to Canadian infrastructure, including permafrost degradation in the North and flooding in coastal and urban areas. It recommends a whole-of-society approach combining climate-informed planning, structural changes, and natural infrastructure solutions. While federal initiatives like the Climate Lens and the Disaster Mitigation and Adaptation Fund provide a foundation, the report argues for greater investment to close an infrastructure gap estimated up to CAD 1 trillion and the adoption of more diverse sustainable finance mechanisms.
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Document type: Report
Renforcer la résilience climatique des infrastructures canadiennes
The report identifies that Canada's physical infrastructure is the country's most significant climate risk zone, facing threats from extreme weather, permafrost degradation, and sea-level rise. It details specific vulnerabilities across transport, buildings, water, wastewater, maritime, and energy/ICT sectors, proposing a combination of structural modifications, improved monitoring, and nature-based solutions. The document evaluates federal initiatives like the Pan-Canadian Framework on Clean Growth and Climate Change and the Disaster Mitigation and Adaptation Fund, while highlighting a significant infrastructure deficit, particularly for First Nations communities. It advocates for an integrated, whole-of-society approach that combines scientific data with Indigenous knowledge and diversifies financing through sustainable and risk-based investments.
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Document type: Report
Cutting Emissions Through Fossil Fuel Subsidy Reform and Taxation
The report finds that the complete removal of fossil fuel consumption subsidies across 32 modelled countries could reduce greenhouse gas emissions by an average of 6.09% by 2030. When combined with a 'subsidy swap' (reinvesting savings into energy efficiency and renewables) and a 10% energy tax, the average national emission reduction increases to 11.84%. The analysis highlights that while some countries like Venezuela see reductions over 30%, G20 nations provide the largest absolute reductions due to their economic scale. Financially, fossil fuel subsidy reform (FFSR) alone could generate USD 2.99 trillion in cumulative savings by 2030, offering a cost-effective mechanism for a 'green recovery' from the COVID-19 pandemic.
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Document type: Report
TRADE AND SUSTAINABILITY REVIEW
The document provides a multi-faceted analysis of how trade policies impact environmental and social sustainability. It highlights the new environmental provisions in the USMCA/T-MEC/CUSMA, the European Union's leadership in circular economy product policies, and the vulnerability of small island states' tourism sectors post-COVID-19. It also warns of rising non-tariff protectionism and discusses India's potential as a hub for electric vehicle battery recycling, while detailing the complexities of trade agreements in Latin America and the EU's proposed carbon border adjustment mechanism.
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Document type: Report
Measuring the Wealth of Nations: A review
The report argues that GDP is an insufficient measure of national well-being because it ignores the depletion of assets and favors short-term gains. It advocates for 'comprehensive wealth' measurement, which tracks five capital types: produced, financial, natural, human, and social capital. The document reviews global initiatives from organizations like the World Bank, UNEP, and OECD, noting that while human and produced capital have generally grown, natural capital is declining globally, particularly in developing countries. It concludes that comprehensive wealth accounts are essential for building resilience to climate change and achieving the UN 2030 Agenda's Sustainable Development Goals, specifically SDG 17.
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Document type: Report
Pipelines or Progress: Government support for oil and gas pipelines in Canada
The report finds that Canadian governments provided over CAD 23 billion in support for oil and gas pipelines between 2018 and 2020, with over CAD 10 billion provided after the onset of COVID-19. This support, which includes loans, loan guarantees, and equity investments, is argued to undermine Canada's climate commitments and expose taxpayers to significant financial risk due to cost overruns, legal challenges, and declining private sector interest in fossil fuel infrastructure.
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Document type: Report
The climate policy certainty gap and how to fill it
The authors argue that uncertainty regarding the future of Canada's carbon price—scheduled to reach $170 per tonne by 2030—discourages firms from investing in expensive, long-lived low-carbon projects. To close this 'certainty gap,' they propose that the Canada Infrastructure Bank (CIB) act as a partner to share risk, effectively providing insurance against policy reversals. This could be achieved through payment exchanges based on actual versus expected policy costs or by making loan payback obligations conditional on future policy stringency. The authors contend this approach is superior to grants or subsidies because it targets the specific market failure of government risk and creates a financial deterrent for future governments that might seek to weaken carbon pricing.
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Document type: Statement
Colonialisme et déplacements : des catastrophes non naturelles
The document argues that disasters affecting Indigenous communities in Canada are 'non-natural' because they are exacerbated by colonial legacies, such as the Indian Act and territorial dispossession. Using the Siksika Nation's experience with the 2013 Bow River floods, it details a five-phase displacement process where evacuees faced inadequate housing and psychological trauma. It highlights the Dancing Deer Disaster Recovery Centre as a model for Indigenous self-determination, providing culturally appropriate, community-led healing services.
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Document type: Case study
Risk management approach for talc, RN 14807-96-6
The Canadian Association of Physicians for the Environment and partner organizations advocate for the listing of talc under Schedule 1 of the Canadian Environmental Protection Act (CEPA) and a comprehensive ban on its use in personal care products. They argue that current industry-led changes are inadequate and that risk management must account for the racialized and gendered contexts of talc exposure, particularly the targeting of Black, Hispanic, Indigenous, and Filipino communities by companies like Johnson & Johnson. The authors emphasize that a precautionary approach is necessary to protect vulnerable populations, including athletes and gendered occupations such as makeup artists and estheticians, from inhalation and perineal risks.
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Document type: Statement
Recommendations for USDA on Executing Executive Order on Advancing Racial Equity and Support for Underserved Communities, Executive Order 13,985
The report argues that the USDA has a "long and painful history of racism and discrimination" that has led to massive land loss for Black, Indigenous, Latino, and Asian American farmers. To fulfill the mandates of Executive Order 13,985, the authors propose structural reforms including the creation of an Equity Action Plan, the establishment of an interagency task force, and the implementation of legislative set-asides for BIPOC groups. Key recommendations include increasing land access through subsidized sales and loans, improving protections for farmworkers against pesticide exposure and heat stress, and reforming the USDA's civil rights office to ensure prompt resolution of discrimination claims. The document also calls for reducing the funding of Concentrated Animal Feeding Operations (CAFOs) due to their disproportionate impact on communities of color and expanding eligibility for federal nutrition programs.
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Document type: Report
Global Climate Action from Cities, Regions and Businesses 2021
The report finds that while the number of non-state and subnational actors setting climate targets is growing, there is limited evidence that this ambition is translating into realized impacts. Full implementation of individual targets could reduce 2030 emissions by 2.0 to 2.5 GtCO2e/year, while international cooperative initiatives' goals could lead to a reduction of 16 GtCO2e/year. However, progress is uneven, with only half of city governments and 80% of companies meeting their 2020 targets.
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Document type: Report
Our Work at CAPE and Systemic Racism in Canada
The statement argues that systemic racism and colonialism are foundational to Canada and manifest within the environmental and medical systems. It critiques environmentalism for historically erasing Indigenous rights and calls for CAPE to ensure its work is actively anti-racist, equating racism and Islamophobia with health threats like climate change.
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Document type: Statement
Notre travail à l'ACME et le racisme systémique au Canada
The Canadian Association of Physicians for the Environment (CAPE/ACME) addresses the impact of systemic racism and colonialism in Canada, specifically citing the discovery of children's graves at a residential school in Kamloops and a hate crime against a Muslim family in London, Ontario. The author argues that environmentalism and medicine are not immune to these systems; environmentalism has a history of erasing Indigenous peoples and sacrificing their rights for environmental gains, while the medical system has been used to perpetrate genocide and racism against Indigenous people. The statement calls for the ACME community to engage in antiracist work, support the Truth and Reconciliation Commission's calls to action, and recognize that systemic hate is an inherent part of Canada's colonial foundation.
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Document type: Statement
Canada Gazette, Part I, Volume 155, Number 17: PFAS Group Assessment and Stakeholders
The Canadian Association of Physicians for the Environment (CAPE-ACME) supports the government's decision to address per- and polyfluoroalkyl substances (PFAS) as a broad class under the Chemicals Management Plan. CAPE-ACME argues that the proliferation of thousands of PFAS chemicals leads to adverse human and ecological health outcomes, including cancers, liver damage, and immune system effects. The organization emphasizes the importance of considering disproportionate impacts on vulnerable populations and supports the positions of other environmental and health organizations regarding PFAS risks.
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Document type: Statement
29th Meeting of the Conference of the Parties to the Inter-American Institute for Global Change Research
This document is a participant list for the 29th Meeting of the Conference of the Parties to the Inter-American Institute for Global Change Research, which took place on 22-23 June 2021. It identifies representatives from member parties, advisory committee members, and observers from government agencies and scientific organizations.
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Document type: Fact sheet
Seed Sowing Indigenous Relationship Building
The document details the activities of the Wisahkotewinowak collective in the Waterloo-Wellington region of Ontario, illustrating how Indigenous leadership in urban and peri-urban spaces can mitigate climate change impacts and advance reconciliation. Through three primary examples—the White Owl Sugar Bush, partnerships with educational institutions, and the transformation of Uniroyal Goodrich Park—the authors demonstrate the integration of Indigenous Knowledge with environmental action. The report argues that restoring Indigenous relationships to the Land is essential for biodiversity conservation and food security, particularly in 'crisis ecoregions' like the Lake Erie Lowland. It concludes with a 'seed story' framework providing recommendations for local and policy-level engagement to support Indigenous governance and Land access.
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Document type: Case study
Semer des graines
The document details the activities of the Wisahkotewinowak collective in the Waterloo-Wellington region of Ontario, illustrating how Indigenous-led urban gardening and land restoration contribute to climate adaptation and reconciliation. It highlights three specific projects: the White Owl Sugar Bush, partnerships with post-secondary institutions for land-based learning, and the transformation of Uniroyal Goodrich Park. The authors argue that restoring Indigenous relationships with the land is essential for protecting urban biodiversity and improving community well-being in the face of climate change.
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Document type: Case study