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Filed under: Perspective – Page 2

Ex-Bank of Canada Governor Mark Carney blasts “radical”, “fundamentalist” capitalism

The former Bank of Canada Governor (now Governor of the Bank of England) has come forward to condemn what he calls “unchecked market fundamentalism.”  See excerpts from his speech to the Conference for Inclusive Capitalism here…

Barrick Gold named in $6 billion class action suit

I wrote about the problems Barrick could face with their massive Pascua Lama project 8 years ago. The project would have removed portions of a glacier supplying drinking water to the area’s residents in order to access the gold deposit underneath.

Now this… a perfect example of the risks faced by corporations that fail to address environmental and social considerations.

Barrick trucks in Chile

Buying a home as an investment?

Yale economist Robert Shiller won the Nobel Prize last year, and in this interview he shares his views on whether a home makes a good investment. He predicts real home prices (adjusted for inflation) may decline for the next 30 years!



Two great events in Courtenay on Thursday April 23rd!

This coming Thursday April 23rd is an opportunity for Comox Valley citizens to learn about a couple of critical issues surrounding both global and local sustainability.

First, from 4:30-6pm at the Florence Filberg Center Rotary Room, is a forum on the topic of fossil fuel divestment, and the pros and cons of whether to divest from or engage with the fossil fuel industry in the transition to a clean energy economy. Facebook has details at

English Bay

Then from 6:30-9pm at North Island College’s Stan Hagen Theater there is an event hosted by the Sierra Club and the Comox Valley Sustainability Network that will discuss how to support the Comox Valley Sustainability Strategy (2010) and the network of community organizations and business that are coming together to support and promote its implementation. More details are available on Facebook at


An impressive roster of guest speakers is lined up for both events. At the Divestment Forum you will be able to hear from:

KELSEY MECH – National Director of the Canadian Youth Climate Coalition. Kelsey is committed to building a movement of youth in Canada toward a clean and just energy economy. She focuses on achieving these goals through fossil fuel divestment and re-investment campaigns, education and outreach, and engagement in international climate change negotiations. She has been an active organizer around issues of climate justice both on-campus at the University of Victoria and in the community for the past eight years.  Kelsey also serves on the Board of Directors of RAVEN, an organization committed to fundraising to support First Nations legal challenges where their land and rights are being threatened by resource extraction projects.

JAMIE BONHAM – Manager of Extractives Research and Engagement at NEI Investments, which includes the Ethical Funds Company. Jamie conducts direct, collaborative dialogues aimed at mitigating risks for the companies within the NEI portfolio. He is also responsible for the analysis of company performance and industry trends in environmental, social and governance issues in order to support NEI’s work to promote the stakeholder theory of the firm – namely that the social purpose of a corporation is to provide returns to all stakeholders, not just shareholders. He also oversees NEI’s public policy and research work on extractive industries and has authored numerous reports on topics ranging from the need for progressive climate change policies and environmental oversight to the duty to respect human rights.

DERMOT FOLEYManager of ESG Analysis (Environmental, Social and Governance) at VanCity Investment Management. Dermot was previously an advisor to the David Suzuki Foundation Climate Change Program, and in his current position as a key member of the VanCity Investment Management team, he is responsible for determining and executing shareholder engagement strategies. He has over 20 years of experience in social and environmental advocacy roles.

At The Future is Here event, guest speakers include:

Mark Tizya of Novo Solar Systems

Cristi Sacht Certified Energy Advisor (CEA), and

Michael Zbarsky,  Manager of Transit and Sustainability, Comox Valley Regional District

Please support local and global sustainability strategies by planning to attend one or both of these very informative sessions.

For further info on the Fossil Fuel Divestment forum please contact Tony Edwards at 250-898-9973, or email at

For further info on The Future is Here event, contact Jessie Lightburn at or Larissa Stendie at 

Money on trees


Running of the Bears

In the famous annual festival called the Running of the Bulls, participants run like hell to avoid being gored and trampled to death by a herd of rampaging bulls. In the Running of the Bears, which occurs every seven or eight years but is no festival, participants run like hell to avoid being gored and trampled by a stock market turned bad.

Now if one had begun to run from this market six months ago you would be well ahead of the pack. But where to run now that the bear is in full stride? Continue…

Wet Hoop Dreams

I had a dream and it was a doozy. George Bush and Barack Obama were picking teams for a game of basketball. I was nervously lined up hoping not to be chosen by the wrong guy. Jesus and Buddha and Mohammed and Gandhi were there, and Milton Friedman, Karl Rove and Dick Cheney too.

The new President raised an arm and pointed his finger in my direction. “Tony get over here, you’re playing on my team.”

I couldn’t believe it! “But Mr. President, you could have picked Jesus for God’s sake. He makes every shot he takes.”

“Tony,” he whispered to me, “Jesus just doesn’t have Continue…


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