Canada Had Designs on Being a Hydro Superpower. Now Its Rivers and Lakes Are Drying Up. (WSJ)

The Canadian province of Quebec has big plans of becoming the “battery of the U.S. northeast” by feeding power generated from its dams and other hydro plants to millions of people in Vermont, Massachusetts and New York state. But dry conditions that have affected energy output worldwide are forcing one of the world’s largest hydropower producers to cut exports. 

“There wasn’t enough snow or rain in the regions where we needed it,” said Michael Sabia, chief executive of Hydro‑Québec, the provincial utility. “We can’t make it rain, as much as we’d like to.”

https://www.wsj.com/us-news/climate-environment/canada-had-designs-on-being-a-hydro-superpower-now-its-rivers-and-lakes-are-drying-up-928ef721?st=13m8s621mq6pgt9&reflink=article_email_share

Author: Christopher K. Merker, Ph.D., CFA

Christopher K. Merker, PhD, CFA, is a director with Private Asset Management at Robert W. Baird & Co. He holds a PhD in investment governance and fiduciary effectiveness from Marquette University, where he has taught the course “Sustainable Finance” since 2009. Executive director of Fund Governance Analytics (FGA), an ESG research partnership with Marquette University, he is a member of the CFA Institute ESG Working Group, an international committee currently exploring ESG standards, publishes the blog, Sustainable Finance, which covers current topics around governance and sustainability in investing, and is co-author of the book, The Trustee Governance Guide: The Five Imperatives of 21st Century Investing.