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Keyword: energy transition

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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 […]

  • By: Staff
  • November 24, 2022 November 22, 2022
  • 09:00

Institutional investors must recognize the risks and opportunities presented by climate change and national efforts to mitigate it, says Jaakko Kooroshy, head of sustainable investment research at FTSE Russell. “Climate-related physical and transition risk threats to the global economy are real,” says Kooroshy, who leads a team that recently published a paper on the carbon reduction […]

Managing risk in an era defined by escalating geopolitical tension, degenerating global trade networks and unprecedented economic turmoil is no simple task — and doing so well may require adopting a new perspective. “We aren’t thinking about risk in a way that’s appropriate for the world that we’re moving into,” said Janice Gross Stein, founding […]

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The Ontario Teachers’ Pension Plan is allocating $5 billion to businesses with high-carbon emissions, according to its annual responsible investing and climate strategy report. “Recognizing the urgency of the climate crisis, we have committed to actively investing in select emissions intensive assets with the express goal of helping them decarbonize faster,” wrote Zlad Hindo, chief […]

  • By: Staff
  • September 6, 2022 September 6, 2022
  • 12:15
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The world’s electrical grids require massive investments if countries are to meet net-zero carbon emissions by 2050 goals, according to a new report from the Ontario Teachers’ Pension Plan. “In many countries, including the world’s most advanced economies, aging grids are not yet ready for the expected surge in demand,” noted the report. “Nor were […]

  • By: Staff
  • August 9, 2022 August 9, 2022
  • 12:15

The Caisse de dépôt et placement du Québec is backing McGill University’s launch of a sustainable growth initiative, a program dedicated to providing businesses with actionable solutions for building a more sustainable economy. The SGI is a cross-faculty venture designed to help businesses aim for both profitability and achieving a positive social and environmental impact. […]

  • By: Staff
  • May 26, 2022 May 26, 2022
  • 13:00

The Ontario Municipal Employees Retirement System is entering a partnership to acquire a Dutch energy firm. The Algemene Pensioen Groep, a Dutch pension plan, and the infrastructure arm of the OMERS have reached an agreement to jointly acquire Groendus Group from NPM Capital Partners. Based in the Netherlands, Groendus is an energy transition platform created in […]

  • By: Staff
  • May 19, 2022 May 19, 2022
  • 12:00

Directors, trustees and investment managers at Canada’s largest public pension funds are deeply involved in the fossil fuel sector, according to a new report by Shift Action for Pension Wealth and Planet Health. It found 56 staff members from the largest public sector pension plans hold 76 different corporate director roles at 39 different fossil […]

  • By: Staff
  • May 5, 2022 May 5, 2022
  • 13:00

Abrupt changes in climate policies from governments around the world could lead to fire sales of climate sensitive assets held by institutional investors, according to a the results of a pilot scenario analysis project from the Bank of Canada and the Office of the Superintendent of Financial Institutions. “Climate transition risks are challenging to assess […]

  • By: Staff
  • January 18, 2022 January 18, 2022
  • 11:20

In his first public statement on Alberta Investment Management Corp.’s investment strategy, the organization’s new chief executive officer says the AIMCo won’t have a policy to divest from hydrocarbon producers. “I want to be clear in stating that we believe that divesting hydrocarbons would miss an urgent opportunity to work with the companies who’ve the […]

  • By: Staff
  • October 19, 2021 October 19, 2021
  • 13:00