Connect with us

Business

Health officials confirm BC's first case of COVID-19 variant from the UK | News – Daily Hive

Published

 on


BC health officials have confirmed the first case of the COVID-19 variant from the UK has now been detected in the province.

In a joint statement, Provincial Health Officer Dr. Bonnie Henry and BC Health Minister Adrian Dix said the person lives on Vancouver Island and “returned to BC from the UK on flight AC855 on December 15.”

They “developed symptoms while in quarantine” and were tested, resulting in a positive diagnosis.

“The variant strain was detected by the BC Centre for Disease Control,” the statement said. “Whole genome sequencing at the BCCDC identified this as the same as the variant seen in the UK.”

The statement noted that there “is no evidence that the new COVID-19 variant is more likely to cause severe illness, nor is there evidence to suggest the Health Canada-approved vaccines will be any less effective against the new variant.”

However, the statement said, studies have suggested that the new variant “can spread more quickly and easily, which is why British Columbians everywhere must continue to be cautious and follow all PHO orders and guidelines, stay close to home, avoid non-essential travel, practice safe, physical distancing and wear a mask when in public indoor spaces.”

News of the detection comes after the federal government said this past week that it was suspending entry into Canada of all commercial and private passenger flights from the UK for 72 hours, effective midnight December 20.

In a follow-up announcement, the government said it had extended this prohibition until January 6, 2021, at 11:59 pm EST.

“These restrictions do not apply to cargo flights, technical stops where passengers do not disembark, action related to the safety of the plane, or where special authorization has been granted by Transport Canada,” a statement said.

According to Health Canada, all travellers who have been in the UK or South Africa within the period of 14 days before the day on which they seek entry into Canada are subject to secondary screening and enhanced measures, including “increased scrutiny of quarantine plans.”

Let’s block ads! (Why?)



Source link

Continue Reading

Business

BlackRock's shift to 'net-zero' investments is accelerating, CEO Larry Fink says – The Globe and Mail

Published

 on


Larry Fink, founder and chief executive of the investment firm Blackrock, at his offices in New York, on Aug. 10, 2016.

DAMON WINTER/The New York Times

BlackRock Inc., the world’s largest fund manager, is accelerating its push to reduce the risks of climate change for clients, asking corporate leaders to disclose how their companies will fare in a “net-zero” economy and selling its stakes in those that fail to live up to heightened standards.

BlackRock chief executive officer Larry Fink said in his annual letters to the CEOs of companies in the firm’s portfolio and to BlackRock clients that the COVID-19 pandemic has intensified the reallocation of capital to investments with lower-climate risk. Activity boomed as countries made new pledges to get to net zero – when greenhouse gas emissions are simultaneously reduced and offset – as they plotted economic recovery.

From January to November last year, investors around the world plowed US$288-billion into mutual funds and exchange-traded funds with sustainable assets, nearly double the the tally of 2019, he said.

Story continues below advertisement

Mr. Fink’s comments show how New York-based BlackRock, which manages US$8.7-trillion in assets on behalf of pension funds, sovereign wealth funds and other clients, has quickly built on its market-moving pronouncements of a year ago. Mr. Fink made headlines by saying BlackRock would part ways with companies that generate more than 25 per cent of their sales from thermal coal, and set up new ETFs that filter out fossil fuel investments.

It was seen as a wake-up call for the corporate world, and several other major investors have since made similar announcements. On Tuesday, Mr. Fink described the change in investor preference for more sustainable opportunities as a “tectonic shift.”

“Given how central the energy transition will be to every company’s growth prospects, we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy – that is, one where global warming is limited to well below 2 degrees Celsius, consistent with a global aspiration of net-zero greenhouse gas emissions by 2050,” Mr. Fink wrote in his letter to CEOs.

“We are asking you to disclose how this plan is incorporated into your long-term strategy and reviewed by your board of directors.”

Governments in the European Union, China, Japan, South Korea and Canada have pledged to achieve net-zero emissions in the coming decades. Under new President Joe Biden, the United States has committed to rejoining the Paris Agreement on battling climate change. No company will be unaffected by the transition, and gathering and assessing data will be key, Mr. Fink said.

“Of course, investors cannot prepare their portfolios for this transition unless they understand how each and every company is prepared both for the physical threats of climate change and the global economy’s transition to net zero,” Mr. Fink said.

Last year, BlackRock asked all companies in its portfolio to disclose information about climate-change risk and social and governance issues in step with guidelines established by the Sustainability Accounting Standards Board and the Task Force on Climate-related Financial Disclosures.

Story continues below advertisement

Mr. Fink said he is urging all companies to begin disclosing climate data in line with the TCFD standard before regulators begin to mandate such reporting. Last week, an Ontario government task force recommended the Ontario Securities Commission require companies to adopt such disclosure.

In its active investing portfolios, BlackRock is adopting a “heightened scrutiny model,” applying its risk-management tools to identify particularly high climate risk among companies owing to high carbon intensity and insufficient preparation for the energy transition.

“Where we do not see progress in this area, and in particular where we see a lack of alignment combined with a lack of engagement, we will not only use our vote against management for our index portfolio-held shares, we will also flag these holdings for potential exit in our discretionary active portfolios because we believe they would present a risk to our clients’ returns,” Mr. Fink wrote in his letter to clients.

“Conversely, we believe companies that distinguish themselves in terms of their emissions trajectory, transition preparedness and governance will often represent an opportunity for our clients.”

Jeffrey Jones writes about sustainable finance and the ESG sector for The Globe and Mail. Reach him at jeffjones@globeandmail.com.

Let’s block ads! (Why?)



Source link

Continue Reading

Business

Canada's vaccine deliveries further threatened as Europe mulls export controls – CTV News

Published

 on


OTTAWA —
Canada’s anxiety-laden COVID-19 vaccine programs are facing further threats as Europe warns drug makers it might impose export controls on European-made vaccine doses.

All of Canada’s current vaccine doses from Pfizer-BioNTech and Moderna are made in Europe, potentially putting at risk the entirety of Canada’s vaccine deliveries.

Europe — like Canada — is being shorted on deliveries from Pfizer as the company slows production to expand its plant in Belgium.

But AstraZeneca has also now informed Europe productions issues will reduce initial deliveries of its vaccine, which Europe is expected to approve for use later this week.

European Commission president Ursula von der Leyen says in a tweet today that the world’s largest trading bloc will establish “a vaccine export transparency mechanism.”

Canada has no ability currently to produce COVID-19 vaccines but Prime Minister Justin Trudeau has insisted repeatedly that Canada will get enough vaccine doses for all Canadians who want it by the end of September.

This report by The Canadian Press was first published Jan. 26, 2021

Let’s block ads! (Why?)



Source link

Continue Reading

Business

From GameStop to Blackberry, here's why the shorts are getting squeezed: Morning Brief – Yahoo Canada Finance

Published

 on


The Canadian Press

Review: Ani Di Franco makes the political personal on album

Ani Di Franco, “Revolutionary Love” (Righteous Babe Records) Pioneering folkie activist Ani Di Franco is a standout instrumentalist whose guitar could kill fascists. Alas, on “Revolutionary Love,” her six-string doesn’t play a major role — or many notes. Not that Di Franco has gone mellow. With characteristic passion on her first studio album since 2017, she makes the personal universal, and the political personal. Her title cut is a seven-minute pledge to propel social movements with love and forgiveness, the message underscored by a slow-burn soul groove. Elsewhere Di Franco quotes Michelle Obama, skewers an ex-president and calls for resilience in the wake of depressing news headlines. Such topics are mixed with couplets about personal pain and bliss, sometimes within the same song. The best of “Revolutionary Love” is very good. Di Franco’s acoustic guitar is most prominent on “Metropolis,” and it’s beautiful — a love ballad with shimmering reeds that evoke her description of “fog lifting off the bay.” The equally compelling “Chloroform” laments domestic dysfunction as a string quartet creates dissonance of its own. Elsewhere Di Franco blends elements of folk, jazz and R&B, and makes music suitable for a rally. She’s at her most politically vociferous on “Do or Die,” singing about “Yankee Doodle Dandy” to a Latin beat. Di Francophiles will find it positively patriotic. Steven Wine, The Associated Press

Let’s block ads! (Why?)



Source link

Continue Reading

Trending