Here's an excerpt:
"...Vancity's manager of socially responsible investment funds, Dermot Foley, pointed out that Canada's climate pledges in Paris will put even more pressure on the oil industry -- and soon.
To stay "within that 1.5 to 2 degree limit," Foley said, "means that over the next five years we're going to see emission reduction targets, regulations, and carbon taxes becoming common throughout the global economy."
"We believe climate risk is manifesting as a business risk," he added. "It's time for government to come up with a transition plan for a low-carbon economy."