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Updates in Brief - November 2010

Canadian Senate defeats Bill C-311, the Climate Change Accountability Act. The bill, passed by the House of Commons, would have required the federal government to establish regulations to meet a GHG reduction target of 25% below 1990 levels by 2020, and to set a long-term reduction target of 80% below 1990 levels by 2050. The bill was defeated 43-32 with 15 Liberal Senators absent, and no debate held.

Environmental Protection Agency announces its final rule on mandatory greenhouse gas (GHG) reporting for oil & natural gas systems emitting more than 25,000 metric tonnes of CO2-equivalent annually. Reporting requirements are effective January, 2011.

Chicago Climate Exchange (CCX) parent company Intercontinental Exchange (ICE) declares it will end CCX’s emission trading market, where members make voluntary but legally binding GHG reduction targets and can buy & sell carbon allowances. ICE will launch a CCX Offsets Registry for 2011-2013.

Sustainable Supply Chains: Executives from Marks & Spencer, Procter & Gamble, Philips, Pepsico and Coca-Cola — leaders in sustainable supply chains — tell multinational companies that are trying to embed environmental and social concerns in their operations that they must ensure their suppliers take a similar approach or face failure in their sustainability goals in an executive message at a November 10th, 2010 conference on Engaging Suppliers on Sustainability.

By Steven Pacifico, .(JavaScript must be enabled to view this email address) and Cheryl Johnson, .(JavaScript must be enabled to view this email address)