The appetite for suing the biggest climate polluters is growing and, as a result, so too is the risk to Canadian insurers. At a York University, Faculty of Environmental Studies, lecture Monday, respected environmental lawyer, Dianne Saxe, will discuss how the rising concern over climate is changing the game.
Saxe will discuss how the evolving climate crisis is creating new opportunities for judges to hold major climate polluters accountable and how that will affect Canadian insurers going forward. Despite Canada’s small population, the risk is large as this country is one of the top 10 most climate-polluting on the planet.
In February, Canada’s Office of the Superintendent of Financial Institutions (OSFI) warned Canadian insurers that climate liability must be “top of mind.” Not long after, a little-known Quebec Court of Appeal decision against Canada’s tobacco companies provided a powerful precedent for holding climate polluters liable.
This is at a time when climate leaders are calling for a wave of lawsuits against the biggest carbon emitters. Even unsuccessful cases could increase the legal and financial risk of continuing business as usual. Saxe explores what we can learn from the tobacco cases, and
WHAT: Lecture – Climate Liability in Canada
WHO: Dianne Saxe, one of Canada’s most respected environmental lawyers
WHEN: Monday, Nov. 25, at 6:30 pm
WHERE: Osgoode Professional Development Centre, 1 Dundas Street West, 26th Floor, Toronto. See Map.
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