The Globe and Mail reports in its Thursday, Oct. 10, edition that the federal government is moving forward with a guidebook to certify projects for green and transitionary investment, with the possibility of including some natural gas. The Globe's Jeffrey Jones writes that at Toronto's Principles for Responsible Investment conference on Wednesday, Finance Minister Chrystia Freeland said the "made-in-Canada taxonomy" would start covering priority industrial sectors within the next 12 months, with the aim of providing investors with certainty that their capital is being spent on activities that meet clear climate objectives. The green category includes projects with little to no carbon emissions, such as renewable energy; transition-related investments include projects that lower the climate impact of high-carbon industries. Ottawa will appoint an arm's-length panel to assess whether industrial activities meet the goal of limiting the rise in temperatures to 1.5 C above preindustrial levels. Ms. Freeland also said Ottawa will mandate climate-related financial disclosures for large, federally incorporated private companies. The move will allow investors to assess risks associated with climate change, she said.
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