Carbon market lobby group names new director
Austin joins the lobby group from JPMorgan-owned carbon credit aggregators EcoSecurities, where he was head of European regulatory affairs.
"Following the outcomes of the Copenhagen summit, 2010 will undoubtedly be one of the most challenging and interesting years for the future of international climate change policy," Austin said in a statement.
"Amongst the many pressing topics we will be focusing on will be the fate of draft U.S. and Australian domestic emissions trading legislation."
National climate change bills, which would launch emissions trading markets in both countries, faced fierce opposition late last year, casting doubt on their successful passage in 2010.
Carbon market sentiment is also raw following a failed United Nations climate summit in Copenhagen in December, where efforts to seal a legally binding global pact to cut greenhouse gas emissions were stalled.
The international market for carbon credits edged up to $136 billion last year, compared with a World Bank estimate of $126 billion for 2008, Oslo-based Point Carbon said in a recent report.
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Former B.C. Hydro CEO earns half a million without working a single day
VANCOUVER - Former B.C. Hydro president and chief executive officer Jessica McDonald received a total of $541,615 in compensation during the 2017-2018 fiscal year without having worked a single day for the Crown corporation.
She earned this money under a compensation package after the in-coming New Democratic government of John Horgan fired her. The previous B.C. Liberal government named her president and CEO of B.C. Hydro in 2014, and McDonald was a strong supporter of the controversial Site C dam project now going ahead following a review.
The current New Democratic government placed her on what financial disclosure documents call “salary continuance”…
