Buget 2010: How does the environment fit in?

The Green Budget Coalition submits priority recommendations for each annual federal budget. The GBC’s full Recommendations for Budget 2010: Investing in a Prosperous Green Future document is available here.

The document has been sent to Ministers and Deputy Ministers and will be sent to all MPs and Senators. Key negative points are that the budget ended renewable power incentives, weakened environmental assessment regulations, provided no direction on transitioning to a green economy or supporting developing countries adaptation to climate change, no progress on pricing carbon emissions and includes $255 million to cover commercial losses by Atomic Energy of Canada Ltd. On the positive side funding for Sustainability Indicators continues, there is $331 million in funding for First Nations water infrastructure, as well as $80 million in funding for home energy efficiency retrofits.

Since the Environmental Assessment changes were embedded in the budget the changes were made with limited parliamentary debate or public input and included the threat of an election. This is very significant to folks who are concerned about the rapid expansion of oil sands and other energy projects, as authority has been delegated away from the Canadian Environmental Assessment Authority and to the National Energy Board. For more detail on this see page 6 of the attached document.


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Stephen Whipp and Manulife Securities Incorporated (Manulife) do not make any representation that the information in any linked site is accurate and will not accept any responsibility or liability for any inaccuracies in the information not maintained by them, such as linked sites. Any opinion or advice expressed in a linked site should not be construed as the opinion or advice of Stephen Whipp or Manulife. The information in this communication is subject to change without notice.


Upcoming Events & Seminars

September 7th: Grow Vegetables in the Winter!

The LifeCycles Fruit Tree Project presents this informative and fun workshop!

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Seminar: Greening your Small Business

Monday, September 13, 2010 – 10:00am – 12:00pm

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Victoria Green Drinks: September 14

Enjoy an evening of great conversations and new connections!

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Whipp Tips & News

Banks Grow Wary of Environmental Risks

Major commercial lenders are increasingly deciding not to finance projects with significant environmental risk, fearing harm to their profit and reputation.

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Investors put gender on the agenda

A coalition of global investors managing over US$ 73 billion of assets today called on companies to increase representation of qualified women on boards of directors and in senior management.

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SWF August Newsletter

Read the latest and greatest from Stephen Whipp Financial

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Stephen Whipp and Manulife Securities Inc. (Manulife) do not make any representation that the information in any linked site is accurate and will not accept any responsibility or liability for any inaccuracies in the information not maintained by them, such as linked sites. Any opinion or advice expressed in a linked site should not be construed as the opinion or advice of Stephen Whipp or Manulife. The information in this communication is subject to change without notice.


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