clean energy – Benefits Canada.com

New York City pension funds reach deal with RBC over clean energy funding disclosure

bmcgovern — Wed, 10 Apr 2024 19:00:13 +0000

The New York City Employees’ Retirement System, Teachers’ Retirement System and Board of Education Retirement System signed an agreement with the Royal Bank of Canada to publicly disclose its financing ratio of low-carbon energy to fossil fuels. The investment organizations are mandating RBC, as well as Citigroup Inc. and JPMorgan Chase & Co., to adhere […]

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Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator

bmcgovern — Thu, 29 Feb 2024 20:00:55 +0000

The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider Intact Financial Corp. The investment organization will sell about 2.3 million shares at a price of $227.10 per share, resulting in gross proceeds of approximately $525 million. Once the transaction […]

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New York City pension funds pushing RBC to disclose clean energy funding

bmcgovern — Wed, 07 Feb 2024 20:00:55 +0000

Two New York City pension funds are pushing the Royal Bank of Canada to disclose more details on its clean energy funding. The shareholder resolution filed by the New York City Employees’ Retirement System and Teachers’ Retirement System of the City of New York asks that the bank fully report a ratio of how its clean […]

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U.S.-China business relationship, private credit shaping investments in 2024: IMCO

bmcgovern — Tue, 06 Feb 2024 14:00:25 +0000

The Investment Management Corp. of Ontario believes an increasingly icy dynamic between the U.S. and China could lead to heightened volatility for institutional investors this year, says Nick Chamie, the IMCO’s chief strategist and senior managing director of total portfolio and capital markets. “If we’re no longer zeroing in on maximizing economic efficiency, we’re no longer […]

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Integration of two PSP portfolio companies to help Ontario meet growing clean energy needs

Jennifer Paterson — Thu, 13 Apr 2023 16:30:43 +0000

A Northern Ontario-based hydroelectric power company owned by the Public Sector Pension Investment Board is being integrated into another one of PSP Investments’ assets, a clean power producer, developer and energy storage company. The integration of H2O Power by FirstLight Power represents the latter’s first venture into the Canadian market and brings its combined portfolio to […]

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Canada Growth Fund emphasizing ‘over-hyped’ transition technologies, says watchdog

Gideon Scanlon — Tue, 04 Apr 2023 16:30:23 +0000

A watchdog organization is criticizing a government fund dedicated to attracting investments in green technologies. “The government seems to be saying this is concessional finance,” says Adam Scott, executive director of Shift Action for Pension Wealth and Planet Health. “The goal [of the Canada Growth Fund] is to put the first money into higher risk investments […]

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IMCO announces interim carbon reduction targets for 2030

Gideon Scanlon — Thu, 24 Nov 2022 14:00:30 +0000

The Investment Management Corp. of Ontario is revealing interim carbon reduction targets for 2030. The investment organization is planning to halve its $79 billion portfolio’s scope 1 and scope 2 emissions from 2019 levels by 2030. It’s also aiming for investments in climate solutions to account for 20 per cent of its assets by the […]

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U.K. institutional investors turning to renewables for portfolio diversification: survey

Gideon Scanlon — Tue, 26 Apr 2022 13:00:49 +0000

The overwhelming majority (92 per cent) of British institutional investors and wealth managers are planning to increase their allocations to renewable energy in order to diversify their portfolios, according to a survey by London-based asset manager Downing LLP. The survey, which polled 100 professional investors including pension plan sponsors, institutional investors and asset managers, found […]

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CPPIB acquires maritime terminal operator, AIMCo invests in Indian clean energy fund

Gideon Scanlon — Thu, 30 Sep 2021 14:00:46 +0000

The Canada Pension Plan Investment Board is acquiring North America’s largest marine terminal operator. A minority investor in the Ports America Group since 2014, the CPPIB has reached a deal to secure all outstanding interest in the company from Oaktree Capital Management. While the exact details of the transaction aren’t known, the management structure is […]

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CPPIB sells energy company stake to Ontario Teachers’, Caisse enters joint venture to finance real estate developments

Gideon Scanlon — Thu, 08 Jul 2021 15:00:31 +0000

The Canada Pension Plan Investment Board has reached a deal to sell half of its shares of a Washington-based energy company to the Ontario Teachers’ Pension Plan. According to the terms of the deal, the CPPIB will sell half of its 31.6 per cent stake in Puget Holdings to the Ontario Teachers’ and the other […]

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