In his book, Value(s): Building a Better World for All, former governor of The Bank of England Mark Carney, looks at value beyond dollars and demands your attention. Review by Guy Dauncey. First published in The MINT Magazine, September 2021.
When the world’s best-known central banker writes a new book, we should sit up and pay attention, especially since Mark Carney is one of the few central bankers who really gets the climate crisis.
It’s a quite personal book; his writing reveals a deep commitment to ethical values, and service to the wider community. He makes me feel that I know him, and we’d get along well over a pint of beer. He often shares stories from his time at the Bank of England, and as chair of the Financial Stability Board, which was set up after the 2008 financial crash, resulting in over 100 reforms. Will they work? Time will tell.
There are massive forest fires in Siberia. Greenland’s melting is accelerating. Record heatwaves are roasting Europe. The world’s insects are dying off. The scary news keeps accumulating.
We are living on the edge of an emergency that is just getting started, and climate is only the half of it. There’s also an ecological emergency. How are we to respond? It’s easy to slip into complacency, or to be overcome by fear, followed by a sense of impotence. You know the crises are real, but the children are coming to visit, there’s a holiday to plan, and don’t get me started on the problems we’re having at work.
The first step to end complacency and neutralize fear is to put the crisis on your weekly to-do list:
Weed the garden
Visit your friend in hospital
Sign the kids up for karate/soccer/piano/dancing lessons
Do something to tackle the climate and ecological crises
Will you join me? I need lots of people to join the November Offensive, so that together, we can make a difference.
This summer’s forest fires and smoke-filled skies have left many of us asking, “What will it take to end the climate dithering and start DOING something to tackle the growing emergency?”
The IPCC has just reminded us of the urgency of the crisis, and the need to reduce emissions globally by 45% by 2030 if we are to limit the warming to 1.5C.
The BC NDP government is getting ready to launch its climate plan at the end of November, somehow combining climate action sufficient to meet its stated goal of a 40% reduction in emissions by 2030 with its recent climate-disastrous decision to approve the big LNG Canada project.
The timing is critical to impress our New Democrat and Green MLAs of the need for urgent action to speed the transition to 100% renewable energy and protect the forests.
Trudeau: ‘No country would find 173 billion barrels of oil in the ground and leave them there’
Trump: “We’ve got underneath us more oil than anybody … and I want to use it.”
I have very little to add to this. Emotionally, culturally, empathetically, educationally and behaviourally, Trump and Trudeau are as different as different can be. Trump is a bully, a braggard and a boor. Trudeau is a refined classical decoration on the carpet of civilization. Trump is a dirty stain.
Yet when it comes to energy and oil, their brains and their political instincts think alike. Trump is a proud climate denier. His “Grab them by the oil-wells” thoughts are at least consistent with his larger outlook, which is nationalist and mercantilist, as if the eighteenth century had never ended.
$4.5 Billion Dollars to Subsidize Fossil Fuels? Here’s a Much Better Idea
$4.5 billion of Canada’s money, to buy a bitumen pipeline? Some suggest that it could rise as high as $12 billion, including future construction and legal costs.
So what if the money was invested in solutions to the climate crisis, instead making things worse by being invested in the primary cause, which is our use of fossil fuels? When Canada signed the Paris Climate Agreement most people presumed that it was being signed honestly, not as an act of laugh-behind-your-hand hypocrisy.
Thirty to Fifty Times More Jobs
That much money could leverage enough electricity to replace most of Alberta’s coal and gas-fired electricity, and generate between 30 and 50 times as many jobs. It could also power 18 million electric vehicles for 25 years. Continue reading Canada’s Choice→