Adapting To A Changing Climate – Risk Management And Due Diligence In The Age Of Climate Change

Copyright 2008, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Energy–Oil & Gas: March 2008

There has been a recent push by both public and private sectors to introduce new initiatives to combat and adapt to climate change; however, adapting to climate change involves more than simply changing a light bulb or buying a more fuel-efficient vehicle. Climate change is affecting the way in which we do business, particularly as industry braces for new environmental legislation, shareholders demand greater action on climate change, and more stringent disclosure standards are introduced. A heightened awareness of climate change issues is generating increased interest in how organizations manage their carbon footprint, which is leading to increased interest in the opportunities and risks associated with climate change.