Ten Factorial Rocks

Thank you Mr TFR! And please check out the many great ideas on his blog: 10! Ten Factorial Rocks Save money. Avoid traps. Invest well. Find meaning!

It is only money and it grows on trees, according to Cara MacMillan. I read many articles daily and quite a few books every month. Occasionally, I am also sent new book material and manuscripts for review.  I have turned down such requests largely because of time constraints.  But this one was interesting and I wanted to share with you all.

Among the many books about money,Cara MacMillan takes a rather unique route…

Book Review: It Is Only Money

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A Sustainable Mind

Cara's interview with Marjorie Alexander of A Sustainable Mind

Cara’s interview with Marjorie Alexander of A Sustainable Mind

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Carbon Tax…Thank you

Carbon tax is an opportunity to level the playing field.

Carbon Tax - a way forward

Carbon Tax – a way forward

The problem is when we see the word TAX, we have a visceral reaction to it and why not? Honestly paying taxes is frustrating, and expensive. So often we do not feel that we are getting our money’s worth. The issue of Taxes is not the topic for today.

Carbon is the topic today.

2016 is the warmest year on record thus far. We have seen record extremes in weather. Oil prices are ridiculously low – how can this be a good thing for our earth? Well to be honest it is the best thing that could happen. Rather than adding a tax to the price of carbon, oil prices have made it unprofitable to harvest from the tar sands and other areas that have carbon intensive extraction processes. So the oil stays in the earth. That’s a good thing.

For many years, socially responsible investors have been demanding a balance of our energy needs. We have asked that our grids go green – nuclear, wind, solar and hydro electricity are all earth stewardship alternatives….I saw that! Ok for the purists of corporate social responsibility, you just screamed, “No nuclear never!” Nuclear is an expensive and risky alternative but for today it is safer than fossil fuels.  Many countries have a very green grid. Canada included. The focus on many countries is to reduce the production of fossil fuels.

The challenge is that to move away from fossil fuels loses MANY jobs; both in fossil fuel extraction and in their subsequent support infrastructure.

So what is the answer?

A tax that becomes a neutral revenue tax. Like tobacco, if you smoke, you pay an exorbitant amount of tax to support the healthcare costs associated with your decision.

So if you choose to use carbon, you pay a tax for the costs and consequences to our world for your choice.

A carbon tax can help develop new industry and jobs in the economies that were carbon intensive. Rather than fight against it, negotiate now to ensure that all people and economies will have a way forward.

enjoy today

Cara MacMillan MBA

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Let’s Stop the Subsidies

The Pickering Nuclear Power Facility near Toronto Canada was built in 1966. Yes it is well maintained. Yes there is tremendous investment in safety. Yes the people who work at the facility are dedicated. Let’s talk real costs. Yes that is what we mean when we discuss responsible investment. But it still is almost fifty years old. Are the standards of 1966 sufficient in today’s extreme weather?

There are many ways to hide real costs in our democratic economy. The first is subsidies. What is a subsidy? A subsidy is a form of support to an economic sector or business to promote or give it an advantage. The energy sector is one area that has many subsidies of which many consumers and investors are not aware.

Pickering Nuclear Facility, Greater Toronto Area, Canada

Pickering Nuclear Facility, Greater Toronto Area, Canada

The nuclear industry has long been subsidized. The most distressing area is in the area of lifecycle management. If there is an accident in many countries, there is a limit on liability insurance.  Until 2015, the limit on liability in Canada was $75 million. In 2015, the limits were increased for the first time in forty years and will be increased to $1 billion.

This increase will be phased in over a three year period.

Think about the greater Toronto area. It is referred to as the Golden Horseshoe are of southwestern Ontario. It includes approximately 8 million people and 20% of Canada’s GDP or more than a third of a trillion dollars. There are aging nuclear facilities within the GTA. The problem as activists see it is not that they are in any way mismanaged, the problem is that they are not built to meet the standards of today’s extreme weather.  The Fukishima nuclear disaster in Japan, 2011 was the direct result of climate change. Yes I said it. Those two words; climate change, that people and institutions argue vehemently over as to its existence. But it does exist. The standards to which the Fukishima was built were very high. It was built to withstand earthquakes and tsunamis. But no one anticipated an earthquake of 9.0. Research here varies. There was no transparency in the extent of the standard or the damage. As late as 2013, it was reported that radioactive water was still leaking into the Pacific Ocean.

So let’s think about the risk of another nuclear disaster right here in our own backyard.Is $1 Billion liability insurance enough?Well assuming a nuclear accident affects everyone of the 8 million in the area, it would translate to $125 per person.

Oh well, I am sure that our personal insurance will cover the rest since our homes will be uninhabitable…Check your policy – many home insurance policies do not cover nuclear accidents or disasters.

So do you want to invest in or consume nuclear produced electricity?

My friends in the GTA  and everyone who lives within a potentially radioactive radius of a nuclear reactor are worth more. Are yours?

Yours in Corporate Social Responsibility,

Cara MacMillan MBA

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Beside every powerful person

Thank you tribute to the Reign of a woman

A true partner walks beside you.

This post will be a little different. In keeping with my commitment to the values of respect and appreciation, it took me a bit of time to find the right words. So here goes…


There is an old saying: “Behind every powerful man is a powerful woman”.

But on Monday night, we had the privilege of witnessing the truth.

Beside every powerful person is a partner.

Bill, you stood beside your wife and daughter. You were gracious. You showed the world that you see women as truly equal. You campaign for your life partner as she did for you. You beam at your daughter’s grace, poise and confidence. You look into the eye of every person who spoke to you after the debate. You smiled. You showed respect.

As one person and many media tried to make this about a wife and their own perceptions of where a woman should be…you never faltered. You remain her partner. The commitment to your partnership is awe-inspiring. Together you have forgiven each other, grown together and remained steadfast in your commitment to making your country better and each other better. You have grown in interdependence when others chose to walk away from their commitments.

I think that it is time that we stop talking about gender and racism in this election campaign. I think it is time we again speak about respect, commitment and gratitude.

Stand tall my friends to the South, and for all the partners who stand side by side, thank you. Slowly, our world will evolve to be one where we do not label each other but we see the good in each other.

…and thank you Dave, for teaching me that I am worthy of being your partner.

enjoy today

Cara MacMillan

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