Olaf Weber, the CIBC Chair in Sustainable Finance at the Schulich School of Business, has some new research on the link between climate risk and credit risk. Climate change has made the future risky for all of us, and these risks have financial consequences. Prof. Weber explains how this affects banks, oil companies, and investors.

Hosted and produced by Cameron Graham, Professor of Accounting at York University. Podcast or Perish is produced with the support of the Schulich School of Business. Visit our website at podcastorperish.ca.

Articles by Prof. Weber discussed in this episode:

Oyegunle, A., Weber, O., & ElAlfy, A. (2023). Carbon Costs and Credit Risk in a Resource-Based Economy: Carbon Cost Impact on the Z-Score of Canadian TSX 260 Companies. Journal of Management and Sustainability, 13(1).

Hunt, C., & Weber, O. (2019). Fossil fuel divestment strategies: Financial and carbon related consequences. Organization & Environment, 32(1), 41–61.