Some gave reasons, stating the risks associated with non-compliance with the legislation was too high while others simply removed language associated with climate disclosure or significantly reduced their online presence. Not only should this be seen as preventing Canadian companies from communicating with their stakeholders and the broader public, it will also run counter to the axiom in securities regulations requiring full, true and plain disclosure.
This will leave both investors and consumers in the dark as to how companies are supporting the environment – and worse, will stifle opportunities for businesses writ large to advance their environmental goals. The irony is that companies that are spending a lot of money on emissions reducing initiatives will now be muzzled from telling investors, employees and other stakeholders about their efforts and successes.
Simply put: investors are demanding more disclosure, not less, on emissions reductions targets and the plans to get there and companies across all sectors are responding accordingly. In fact, 85 per cent of publicly-listed companies in Canada have sustainability reports. It should be noted that the information is also required in the context of complying with existing regulations, as well companies accessing government incentives such as tax credits.
Not only would this provide certainty by eliminating the spectre of complying with undetermined international standards, but it would also ensure Canadian companies are not put at a disadvantage when it comes to disclosing emissions reduction goals relative to their peers. The Oilers are one win from history. The Panthers are one loss from infamy. Zach Hyman scored his playoff-leading 16th goal and Stuart Skinner made 20 saves as Edmonton defeated Florida 5-1 on Friday to force Game 7 in the Stanley Cup final.We're going to Game 7. The Edmonton Oilers beat the Florida Panthers 5-1 at Rogers Place on Friday night with goals from Warren Foegele, Adam Henrique, Zach Hyman, Ryan McLeod and Darnell Nurse to even the Stanley Cup Final at 3-3.
Two people remain in hospital Friday after a serious crash in Nanaimo, B.C., was caused when a wrong-way driver collided with a transport truck earlier this week, according to police.A sea of orange stretched as far as the eye could see along Saskatoon's riverfront as a record-breaking 5,000-plus people took part in the 'Rock Your Roots' Walk on Friday.
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