The U.S. needs 10 million electric vehicles on the road by 2025 to have a shot at avoiding the worst effects of climate change. But even AlterAction's sunniest market projection indicates that we'll have only 4 to 5 million EVs on the road by 2025 if we charge ahead at the current modest pace of growth.
John Boehner must deal with tea partiers who voted against his reelection as Speaker of the House. Secretary of State John Kerry has to be jet-lagged and sleep-deprived as he commutes from one intractable world crisis to another. At the moment, however, no job in government is more challenging than the one that belongs to Todd Stern, America's chief climate negotiator.
The Bank of Canada would be wise to consider the future we're heading towards. For a petro-economy such as Canada's, where the energy industry and the country's economic well-being are closely linked, the financial risks associated with the pending battle against climate change are much greater than any cyclical downturn in oil prices.