virtue

Thursday November 4, 2021

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday November 4, 2021

New net-zero alliance of banks, funds prioritizes green investment, but key emitters are absent

April 6, 2021

As a former central banker on two continents, Canada’s Mark Carney has honed the dark art of haranguing and arm-twisting members of the global investment community better than almost anyone.

But his latest task, as the United Nations’ special envoy on climate action and finance, involved some pretty daunting numbers.

Carney, who headed up the Bank of Canada and then the Bank of England between 2008 and 2020, was tasked to find more than $100 trillion US in capital from the global financial community to help drive the transformation of the world’s economy from fossil fuels to a new age powered by clean energy.

“It’s a mammoth transition,” Carney told CBC News at COP26, the UN’s climate change conference, in Glasgow, Scotland. 

“It’s absolutely enormous. It’s bigger than global GDP.”

May 14, 2019

On Wednesday, designated finance day at the Glasgow conference, Carney announced success, of sorts.

“We have banks, asset managers, pension funds, insurance companies from around the world — more than 45 countries — and their total resources, totalling $130 trillion US,” said Carney, $30 trillion more than the target.

Carney says more than 450 firms — including Canada’s big five chartered banks — have committed to supporting the goals of what’s become known as the Glasgow Financial Alliance for Net Zero (GFANZ).

Net zero means countries are no longer adding heat-trapping greenhouse gases to the atmosphere. Some greenhouse gases might still be emitted, but they would be balanced off or “cancelled out” by the removal of an equivalent amount of greenhouse gases. The concept is similar to carbon neutrality but includes more than just carbon dioxide emissions.

December 1, 2015

Firms that sign onto the GFANZ agreement are promising to abide by 24 financial initiatives that will signal to their customers, shareholders and investors that they are making green investments a priority.

The initiatives include climate-related reporting of their investments and transparency about climate-related financial risks.

While the agreement doesn’t compel the financial institutions to invest any specific amount of money or put it into any specific industry, Carney says it creates a new framework for them to make green investments.

September 23, 2014

“It’s about what their clients are doing, what are the emissions of their clients, the people they lend to, the people they invest in,” he said. 

However, there are notable gaps.

Big banks from some of the countries with the largest emissions — China, India and Russia — are not part of the agreement.

Nor does it compel signatories to cease funding projects such as coal mines or other ventures that contribute to greenhouse gas emissions. 

But Carney says if such investments happen they will draw both shareholder and public scrutiny. (CBC) 

 

Friday September 20, 2019

September 20, 2019

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday September 20, 2019

Justin Trudeau — a self-appointed moral steward in blackface

January 15, 2019

It is almost too obvious now to point out the rank hypocrisy of the Trudeau brand: one that has zero tolerance for inappropriate touching, except for his own; one that preaches respect for Indigenous Canadians, except when you can get a cheap laugh at a Liberal fundraiser.

One that claims to run government differently, but uses the same old tactics to get its way; one that lectures about standing up to oppression, except oppression in certain ridings.

One that insists it is working in the interests of the average Canadian, but tries to curry favour with the above-average Canadian in private. One that renounces the politics of fear and division, except when the politics of fear and division can be politically advantageous.  

And one that has spent its entire political existence proselytizing about tolerance, inclusivity, sensitivity and acceptance, all the while knowing — and hiding — a past that includes multiple instances of dressing up in blackface.

TIME magazine

Liberal Leader Justin Trudeau made one good point while delivering his apology Wednesday, after Time magazine published a 2001 photo of him wearing brownface as a 29-year-old teacher at an Arabian Nights-themed school party.

“If everyone who is going to be standing for office needs to demonstrate they’ve been perfect every step of their lives,” Trudeau said, “there is going to be a shortage of people running for office.”

February 22, 2018

Putting aside the enormous chasm between being “perfect” and wearing blackface three times, Trudeau makes a valid point about the need for a political machine that makes allowances for human flaws. If we don’t allow people to grow and change, we end up with slates of sanitized candidates who planned their political careers from birth and wore suits to middle school, which is, without a doubt, a most hellish version of politics.

But Trudeau’s argument would carry more weight had his war room not spent the week prior furiously digging up reasons why his opponents should be disqualified — reasons that include what they once said, once advocated for, or with whom they previously associated.

None of those claims were close to as bad as a grown man wearing blackface on multiple occasions. Had Trudeau been a regular candidate of any party, including the Liberals, he would’ve been closing up his campaign office by now.

Earlier this year, the United States was grappling with a political blackface scandal of its own: Virginia Gov. Ralph Northam was accused of wearing blackface in a 1984 yearbook photo.

May 7, 2019

That was the time, if ever, for Trudeau to own his actions, instead of being cornered into acknowledging them, as he has been now.

Instead, Trudeau carried on as if — to borrow his own words — he had been perfect every step of his life, with the Liberals then launching a co-ordinated attack on the Conservatives, accusing them of being soft on white supremacy.

Knowing what we know now, if you imagine Trudeau wearing black makeup and singing Day O while accusing Conservative Leader Andrew Scheer of refusing to take racism seriously, the attack loses its potency. (CBC) 

 

Wednesday January 16, 2019

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday January 15, 2019

From snowflake to virtue signalling

Words are coined, reinvented, sent to pasture.

It’s just about impossible, for example, to use “gay” now in any context other than referencing homosexuality. So long “lighthearted and carefree.” (GLAAD lists “homosexual” as an offensive term in their media reference guide.)

September 1, 2018

Words are my business but I have a bitch of a time keeping up with evolving semantics. (Somebody will complain about b—-.) And Lord knows the Star responds with overweening accommodation to whinges about purportedly inappropriate lexicon.

I once had an editor order me to take “niggardly’’ — definition: miserly — out of a sentence because it was two-thirds evocative of an objectionable term, even though there’s no etymological connection. My argument that readers aren’t that stupid fell on deaf ears.

A word that sticks in my craw, for its ubiquity over the past year, is “racialized.” The term has been around, according to Collins Dictionary, for about 150 years. I don’t recall any wide usage, especially in newspapers, until recently. Racialize is a transitive verb, not an adjective. The adjective is racial: relating to race. Racialized is described by Oxford as “the way in which language is used to colonize, racialize and commodify the other; to categorize or divide according to race.” But we’re all the time writing phrases such as “racialized community” or “racialized policing” as a kind of virtue signalling shorthand.

July 10, 2018

Actually, “virtue signalling” has just about had its day, don’t you think? It’s usually intended pejoratively, snidely. As in tiresomely demonstrating one’s good character or moral correctness. Prime Minister Justin Trudeau does it a lot. It’s become his earnest leitmotif. Right wingers are also overly fond of “snowflake,” meaning either over-emotional and easily offended or having an inflated sense of uniqueness. Snowflake should melt away already. (Pearl-clutching still has legs.)

What I’d like to see rubbished: Reach out.

At the Online Boutique

As in, I am reaching out to you blah-blah-blah. Reaching out for comment, reaching out for consideration, reaching out to address your late bill payment. The phrase implies a kind of disingenuous courtesy coupled with an almost tactile engagement across cyberspace. Business environment buzz-slang that has invaded media spun communications and fuzzy-wuzzy professional blather. Sorry, I can’t be reached.

Oh, sorry not sorry. Popularized by Demi Lovato in the eponymous hit song aimed at her “haters.” You’re sorry because you’re not sorry, sarcastic-like. Lack of regret or repentance. Adopted, defiantly (and pre-emptively), by former premier Kathleen Wynne in her campaign ads this past year, she even opened her leadership debates with it. Sorry not sorry that the Liberals were chopped down to seven seats and lost official party status. (Continued : Rosie di Manno, Toronto Star)