oil and gas – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 New York State Common Retirement Fund curbing oil and gas investments https://www.benefitscanada.com/canadian-investment-review/alts/new-york-state-common-retirement-fund-curbing-oil-and-gas-investments/ Tue, 26 Mar 2024 19:00:43 +0000 https://www.benefitscanada.com/?p=153144 The New York State Common Retirement Fund is restricting its exposure in eight integrated oil and gas companies, including divesting a portion of its investment in Exxon Mobil Corp. In a press release, New York State Comptroller Thomas DiNapoli said the decision was fueled by a review of the oil companies — Guanghui Energy Company, […]

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]]> Caisse acquires 80% stake in Japanese solar power plant, AIMCo opens New York office https://www.benefitscanada.com/canadian-investment-review/alts/caisse-acquires-80-stake-in-japanese-solar-power-plant-invests-125-million-in-digital-consultants-expansion-plans/ Fri, 16 Feb 2024 20:00:04 +0000 https://www.benefitscanada.com/?p=151839 The Caisse de dépôt et placement du Québec is acquiring an 80 per cent stake in a Japanese solar power generation plant alongside its portfolio company Shizen Energy Inc. The solar power plant generates 31 megawatts, or enough energy to power 7,850 homes, according to a press release. The Caisse first invested $186 million in the energy […]

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]]> AIMCo acquiring stake in Calgary-based geothermal energy subsidiary https://www.benefitscanada.com/canadian-investment-review/alts/aimco-acquiring-stake-in-calgary-based-geothermal-energy-subsidiary/ Tue, 23 May 2023 16:30:44 +0000 https://www.benefitscanada.com/?p=138626 The Alberta Investment Management Corp. will receive a majority stake in a wholly owned subsidiary of an oil and gas development and production company in order to settle its debts. Razor Energy Corp., a petroleum producer headquartered in Calgary, has reached an agreement with the investment organization that will eliminate $63.2 million of secured debt […]

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]]> CPPIB acquiring stake in fossil fuel producer, Caisse investing in habitat restoration company https://www.benefitscanada.com/canadian-investment-review/alts/cppib-acquiring-stake-in-fossil-fuel-producer-caisse-investing-in-habitat-restoration-company/ Tue, 07 Mar 2023 17:30:13 +0000 https://www.benefitscanada.com/?p=134960 The Canada Pension Plan Investment Board is acquiring a 49 per cent stake in one of California’s leading fossil fuel producers. The CPPIB is securing its minority stake in Aera Energy from IKAV Energy Inc., an asset management company. Following the sale, IKAV will maintain a majority stake in the firm. Founded as a joint […]

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]]> 2022 IIC coverage: Rethinking the role of carbon-intensive assets in investment portfolios https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2022-iic-coverage-rethinking-the-role-of-carbon-intensive-assets/ Mon, 16 Jan 2023 12:55:24 +0000 https://www.benefitscanada.com/?p=131757 Reduced investment in the fossil fuel sector will lead to higher energy prices, encouraging the development of transition technologies, according to Mark Lacey, head of global resource equities and global thematics at Schroders, during a session at the Canadian Investment Review‘s 2022 Investment Innovation Conference. “We’ve been through a massive divestment period that’s been exaggerated […]

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]]> OMERS acquiring alternative energy group, AIMCO receiving shares in drilling company https://www.benefitscanada.com/canadian-investment-review/alts/omers-acquiring-alternative-energy-group-aimco-receiving-shares-in-drilling-company/ Thu, 19 May 2022 16:00:01 +0000 https://www.benefitscanada.com/?p=121703 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 […]

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]]> Canada’s largest pension plans maintaining strong ties to fossil fuel sector: report https://www.benefitscanada.com/news/cir-news-news/canadas-fossil-fuel-sector-maintaining-strong-links-with-leading-pension-plans-report/ Thu, 05 May 2022 17:00:12 +0000 https://www.benefitscanada.com/?p=120855 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 […]

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]]> Pension charity criticizing CPPIB’s new environmental investing strategy https://www.benefitscanada.com/pensions/governance-law/pension-charity-criticizing-new-cppib-environmental-strategy/ Tue, 21 Dec 2021 15:00:47 +0000 https://www.benefitscanada.com/?p=114128 A Canadian charitable initiative is criticizing the Canada Pension Plan Investment Board’s new environmental investing strategy. “It’s encouraging to see that the CPPIB wants to invest in critical decarbonization pathways for hard-to-abate sectors,” wrote Patrick DeRochie (pictured), senior manager at Shift Action for Pension Wealth and Planet Health, in an email to the Canadian Investment Review. “But the CPP […]

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]]> OMERS committing to net zero, UPP facing divestment calls from university staff https://www.benefitscanada.com/canadian-investment-review/strategies/omers-committing-to-net-zero-upp-facing-divestment-calls-from-university-faculty-staff/ Mon, 29 Nov 2021 14:00:44 +0000 https://www.benefitscanada.com/?p=112398 The Ontario Municipal Employees Retirement System is the latest pension plan to commit to net-zero greenhouse gas emissions across its total portfolio by 2050. In a press release, the OMERS said its path to net zero will be informed by the annual calculation and public disclosure of its total portfolio carbon footprint. The release also […]

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]]> CPPIB investing in oilfield drilling company, Caisse in SAP firm https://www.benefitscanada.com/news/cir-news-news/cppib-investing-in-oilfield-drilling-company-caisse-in-sap-firm/ Tue, 17 Aug 2021 13:00:23 +0000 https://www.benefitscanada.com/?p=105797 The Canada Pension Plan Investment Board is investing about $12.825 million in common shares of a Calgary-based oil and gas infrastructure service provider. The pension plan purchased common shares in CWC Energy Services Corp. from a third-party investment fund that represents about 17 per cent of total equity. The transaction comes as the CPPIB faces scrutiny […]

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