The report tracks which level of government picked up the tab for any COVID-19 program announced in each government’s 2021 spring budget, and also analyzes how the provinces are spending their share of federal transfers. Compared to the beginning of this year, provincial governments have kicked in more money to combat the ongoing COVID-19 pandemic and are sitting on less unspent federal money.
Feds still cover almost all COVID-19 spending
Compared to the beginning of this year, provincial governments have kicked in more money to combat the ongoing COVID-19 pandemic and are sitting on less unspent federal money.
We tracked which level of government picked up the tab for any COVID-19 program announced in each government’s 2021 spring budget, and also analyzes how the provinces are spending their share of federal transfers.
Skyrocketing Canadian executive pay during the 2020 pandemic
Despite a devastating pandemic and ensuing financial crisis, Canadian CEOs enjoyed ever-healthier paycheques in 2020—thanks, in part, to alterations of bonus pay rules.
We tracked the compensation of 1,096 executives, including CEOs and other C-suite executives, using filings from 209 publicly traded companies on the S&P/TSX Composite Index. A total of 49 companies, nearly a quarter of companies on the index, changed their own compensation rules to boost executives’ paycheques.
Boundless Bonuses
Despite a devastating pandemic and ensuing financial crisis, Canadian CEOs enjoyed ever-healthier paycheques in 2020—thanks, in part, to alterations of bonus pay rules.
An Insecure Future
Two of Canada’s biggest public pension plans could lead the way toward a global transition to a greener, more sustainable economy, but their commitments to climate action may be more talk than walk. The Canada Pension Plan and the Caisse de dépôt et placement du Québec say they are serious about tackling climate change, however, they continue to bank on fossil fuels, this Corporate Mapping Project report shows.
Check and Balance
Canada’s competition law, the Competition Act, is supposed to keep corporate power in check and protect consumers and businesses from its abuse. However, this paper outlines how the law is weak and ineffective, by design. The competition law we have today is highly permissive of corporate dominance and riddled with gaps that permit corporations to form monopolies that can exploit consumers and workers.
An Insecure Future
Canada’s biggest public pensions are still banking on fossil fuels
Leading the Way?
As part of its broader sustainability plans the federal government has committed to “greening” government—reducing greenhouse gas emissions from its own operations, which includes real property (buildings), fleets (vehicles) and public procurement.
An Insecure Future
As the impacts of the climate crisis intensify so do calls for concrete action. However, instead of reducing greenhouse gas emissions since signing the Paris Agreement in 2016, Canada has increased its emissions more than any other G7 country. During the same time, two of Canada’s largest public pension plans remain heavily invested in fossil fuel companies, which belies their commitments to climate action and does not meet the scale of the crisis before us.
Canada’s biggest public pension plans still banking on fossil fuels
VANCOUVER — The world’s leading authority on climate change says we are headed for catastrophe unless emissions are slashed quickly. Yet, two of Canada’s biggest public pension plans are still banking on fossil fuels, a new Corporate Mapping Project report shows.