In this week's issue of our environment newsletter, we look at how a decision by the Ivey Foundation could affect philanthropic climate action going forward, and how Nissan plans to win back market share in the electric-vehicle sector.
In an effort to combat climate change, the Ivey Foundation will be distributing its $100 million endowment to supporting partner organizations over the next five years.
The Ivey Foundation announced Tuesday that it would begin distributing the remainder of its funds to climate organizations starting next year, citing the urgency of the climate crisis and a need to modernize philanthropic foundations.
"It may well be that we aren't able to find a fully collaborative pathway, but I'm not there yet." Provinces regulate Canada's electricity utilities, but the federal government has some jurisdiction over the environment. Wilkinson said the net-zero goal and grid expansion is his department's top priority, and expects Ottawa to increase financial support for provinces in next year's budget.
Abundant hydropower in Canada, the world's third-biggest producer of the low-emissions electricity source, gives it a headstart on cleaning up its grid in a global drive to electrify vehicles and buildings and slow climate change. But capitalizing on that advantage is complicated by the fact that Canada's 10 provinces regulate utilities independently and trade little renewable power among themselves, even if hydro-generating provinces border on those producing high emissions.