Banking and the Environment
Publication
The Empire Club of Canada Addresses (Toronto, Canada), 5 Mar 1992, p. 406-416
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Banking and the Environment


A joint meeting of The Empire Club of Canada and The Canadian Club of Toronto. A comparison, with statistics, between the 1981-82 recession and the 1990-91 recession. A further description of the current recession, hopefully nearing its end. Some economic issues driven by demographics, such as health and the environment. How the environmental issues affect us professionally, and commercially, with examples. The legacy of the past 100 years of environmental damage from Canadian industry, and its consequences. One key issue is how to pay for the cleanup, and for the liability. Managing the future. Assigning responsibility. Prices to be paid for a cleaner environment. How to define liability. New ventures, opportunities, and industries in the new environment, with examples.