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Wall Street Must Save the World from ESG and Climate Totalitarianism with a Net Zero 2030 Exit Plan

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Environment, social, governance (ESG) investing threatens to crater the global financial system according to a former Wall Street analyst, says Friends of Science Society, referencing Paul Tice’s book. Mark Carney, architect of GFANZ and shepherd of much of the financial systems’ focus on Net Zero, pushes for climate-aligned finance in Canada, a policy Tice claims will lead to societal disaster.

CALGARY, AB, Oct. 4, 2024 /PRNewswire-PRWeb/ — In an op-ed published in The Hill on Sept. 28, 2024, former Wall Street analyst, Paul Tice, advises “Where Europe Leads on Climate, the United States Should Not Follow,” a view supported by Friends of Science Society. By contrast, in Canada, Mark Carney, former governor of the Bank of England and Bank of Canada, and UN Special Envoy on Climate Action and Finance, is pushing for climate-aligned finance, claiming Canada to be a ‘laggard’ to the EU in this regard. In Mark Carney’s May 8, 2024, testimony to the Canadian Senate hearings on a bill to advance ‘climate-aligned finance’ he argued that the energy ‘transition risk’ is as much a challenge as that of climate risk. Carney claims Canada will be left behind as the rest of the world goes clean and green.

Since embarking on its Climate Action Plan 2050 in 2016, Germany, the largest economy in Europe, has gone from the growth engine of the E.U. bloc to the “sick man of Europe.” Climate-driven energy policy has led to a downward spiral of deindustrialization and degrowth.

However, the latest International Energy Agency World Energy Investment Report shows there is no transition in progress over the past 9 years since the Paris Agreement, says Friends of Science Society.

According to that report, over the period 2015 to 2024 the countries of the world invested:
USD 25.4 trillion on energy
USD 11.1 trillion on fossil fuels (i.e. oil, natural gas and coal)
USD 14.3 trillion on all non-fossil fuel energy sources (which the IEA calls “clean energy”)
USD 4.9 trillion on renewable energy (i.e. wind, solar and biomass)

Yet fossil fuels continue to supply 81% of global primary energy demand and renewable energy supplies only 7% of global primary energy demand and most of that is met by biomass.

Despite the efforts of many governments to dampen investment in fossil fuels, in 2024 it totalled USD 1,116 billion, slightly below what it was in 2016 (USD 1,145 billion).

While Mark Carney’s Senate testimony argues for Bill S-243, climate-aligned finance, through which the financial community must throttle investment to the conventional energy sector, force climate disclosures and Scope 1, 2, 3, reporting, Paul Tice’s report argues that such policies will create a real systemic risk citing Germany’s disastrous decline as a warning. “Since embarking on its Climate Action Plan 2050 in 2016, Germany, the largest economy in Europe, has gone from the growth engine of the E.U. bloc to the “sick man of Europe.” Climate-driven energy policy has led to a downward spiral of deindustrialization and degrowth.”

In Paul Tice’s book, “The Race to Zero: How ESG will Crater the Global Financial System,” he denounces the UNPRI and World Economic Forum (WEF) as influencing governments on ESG, Net Zero, climate reporting, and climate catastrophe ideology which he says is skewing and manipulating investment markets. This is similar to the Friends of Science Society’s conclusion in its 2016 report “Undue Influence – Markets Skewed.” The companion video to that report noted that Mark Carney’s Sept. 29, 2015 speech, “Breaking the Tragedy of the Horizon” to Lloyd’s of London, was fact-checked and found to be a ‘failure of analysis’ – according to Steve Kopits of Princeton Energy Advisors, published at the time on Watts Up With That?

Friends of Science Society published “Getting to Net Zero,” an analysis of the plans of the Canadian Energy Regulator and the Canadian Centre for Policy Alternatives. The upshot is that Net Zero efforts will cause degrowth, deindustrialization and energy deprivation for citizens. A video explainer shows that tax-subsidized environmental ‘charities’ are influencing climate policy outside democratic norms.

Paul Tice calls for Wall Street to resist the climate encroachments, take on climate activist groups, and create an exit strategy from the Net Zero 2030 climate ideology. He notes that “Defunding and defrocking these activist groups would do much to relieve the ESG pressure on Wall Street.”

About
Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 22nd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).
Friends of Science Society
PO Box 61172 RPO Kensington
Calgary AB T2N 4S6
Canada
Toll-free Telephone: 1-888-789-9597
Web: friendsofscience.org
E-mail: contact(at)friendsofscience(dot)org 
Web: climatechange101.ca

Media Contact

Michelle Stirling, Friends of Science Society, 8887899597, media@friendsofscience.org, https://friendsofscience.org/ 

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SOURCE Friends of Science Society

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Enghouse Systems Limited Announces Resignation of its President and Transition of Responsibilities

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October 4, 2024

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MARKHAM, ON, Oct. 4, 2024 /CNW/ – Enghouse Systems Limited (TSX: ENGH) today announced that Vince Mifsud, President, has tendered his resignation from the Company to pursue another opportunity. His departure will be effective December 2024, upon completion of the 2024 Enghouse fiscal year. Mr. Mifsud will transition his responsibilities to Steve Sadler, Chairman and CEO of Enghouse prior to his departure. The Company intends to conduct a comprehensive search for Mr. Mifsud’s replacement. 

“We are committed to ensuring a seamless transition and maintaining our strategic momentum,” said Mr. Sadler. “I look forward to guiding the team through this period and continuing to drive value for our shareholders.”

The Company wishes Mr. Mifsud the best in his new endeavor and thanks him for his dedication and many contributions over the seven years he has been with Enghouse.

About Enghouse Systems Limited

Enghouse Systems Ltd. is a Canadian publicly traded company (TSX:ENGH) that provides vertically focused enterprise software solutions focusing on contact centers, video communications, healthcare, telecommunications, public safety and the transit market. Enghouse has a two-pronged growth strategy that focuses on internal growth and acquisitions, which are funded through operating cash flows. The company has no external debt financing and is organized around two business segments: the Interactive Management Group and the Asset Management Group. Further information about Enghouse may be obtained from the company’s website at www.enghouse.com.

SOURCE Enghouse Systems Limited

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/R E P E A T — MEDIA ADVISORY – Canada, Manitoba, and Giganawenimaanaanig to take a step forward on Red Dress Alert/

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October 4, 2024

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WINNIPEG, MB, Oct. 3, 2024 /CNW/ – Please be advised that the Honourable Gary Anandasangaree, Minister of Crown-Indigenous Relations, and the Honourable Nahanni Fontaine, Minister of Families of Manitoba, will make an announcement about the Red Dress Alert pilot at Giganawenimaanaanig’s Day of Education and Awareness.

There will be a media availability following the announcement.

Media participation:

Media representatives are asked to RSVP to RCAANC.media.CIRNAC@sac-isc.gc.ca.

Virtual participation will be available, and instructions to connect remotely will be provided upon registration.

Media are first invited to observe Ministerial remarks and engagement with families, survivors, MMIWG advocates and frontline workers at 11:30 a.m. The media availability will follow in an adjoining room.

Date:  Friday, October 4, 2024
Time: The announcement will start at 11:30 a.m. (CT), followed by the media availability.

Media representatives are invited to preposition 30 minutes before the start time of the event.

Where:
Canad Inns Destination Centre Club Regent Casino Hotel
1415 Regent Ave W
Winnipeg, Manitoba

The announcement will take place in the Grand Ballroom, and the media availability will take place in the Ambassador E.

Follow us on X:

GovCan – Indigenous
(https://twitter.com/GCIndigenous)
Manitoba Government
(https://x.com/mbgov)

SOURCE Crown-Indigenous Relations and Northern Affairs Canada

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Loblaw Companies Limited Enters into Automatic Share Purchase Plan

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October 4, 2024

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BRAMPTON, ON, Oct. 4, 2024 /CNW/ – Loblaw Companies Limited (TSX: L) “Loblaw”) announced today that it has entered into an automatic share purchase plan (“ASPP”) with a broker in order to facilitate repurchases of Loblaw’s common shares (“Common Shares”) under its previously announced normal course issuer bid (“NCIB”). 

Loblaw previously announced that it had received approval from the Toronto Stock Exchange (“TSX”) to, during the 12-month period commencing May 6, 2024 and terminating May 5, 2025, purchase up to 15,336,875 Common Shares, representing approximately 5% of the 306,737,513 Common Shares issued and outstanding as of April 22, 2024, by way of a NCIB on the TSX or through alternative trading systems or by such other means as may be permitted under applicable law.

During the effective period of Loblaw’s ASPP, Loblaw’s broker may purchase Common Shares at times when Loblaw would not be active in the market due to insider trading rules and its own internal trading blackout periods. Purchases will be made by Loblaw’s broker based upon parameters set by Loblaw when it is not in possession of any material non-public information about itself and its securities, and in accordance with the terms of the ASPP. Outside of the effective period of the ASPP, Common Shares may continue to be purchased in accordance with Loblaw’s discretion, subject to applicable law. The ASPP has been entered into in accordance with the requirements of applicable Canadian securities laws.

About Loblaw Companies Limited

Loblaw is Canada’s food and pharmacy leader, and the nation’s largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,500 corporate franchised and Associate-owned locations, Loblaw, its franchisees and Associate-owners employ more than 220,000 full- and part-time employees, making it one of Canada’s largest private sector employers.

Loblaw’s purpose – Live Life Well® – puts first the needs and well-being of Canadians who make one billion transactions annually in the company’s stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,100 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at nearly 1,400 Shoppers Drug Mart® and Pharmaprix® locations and close to 500 Loblaw locations; PC Financial® services; Joe Fresh® fashion and family apparel; and four of Canada’s top-consumer brands in Life Brand®, Farmer’s Market™, no name® and President’s Choice®. For more information, visit Loblaw’s website at www.loblaw.ca and Loblaw’s issuer profile at www.sedarplus.ca.

SOURCE Loblaw Companies Limited

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