AIMCo CEO rejects fossil fuel divestment as investment strategy | Globalnews.ca

  • 📰 GlobalNational
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

AIMCo CEO rejects fossil fuel divestment as investment strategy

Story continues below advertisement

Siddall — who has been AIMCo’s chief executive for just over a year, and was formerly CEO of the Canada Mortgage and Housing Commission — is also considering opening offices in Asia and possibly New York as it seeks to become more globally focused over the next couple of years. He said if Canada is to meet its Paris Climate Agreement pledges it will need not only to invest in renewable, zero-emission energy, but also to help heavy emitters lower their greenhouse gas footprints, or go from “grey to green.”

“The initial sectors we’re looking at are the energy sector, the power and utilities sector, industrial emitters in general,” he said. The largest of these is the massive project proposed by oilsands consortium Pathways Alliance that aims to capture CO2 emissions from oilsands facilities and transport it to a storage facility near Cold Lake, Alta, delivering an estimated 10 million tonnes of emissions reductions per year.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

You've already blown our pension!

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 81. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

AIMCo CEO rejects fossil fuel divestment as investment strategyThe CEO of the Alberta Investment Management Corp. (AIMCo) says divesting from fossil fuels is the opposite approach pension funds should be taking if they want to help solve the climate crisis. From the same company that has lost millions?
Källa: CTVCalgary - 🏆 26. / 68 Läs mer »

AIMCo CEO rejects fossil fuel divestment as investment strategy - BNN BloombergThe CEO of Alberta Investment Management (AIMCo) says divesting from fossil fuels is the opposite of what pension funds should be doing if they want to help solve the climate crisis. It's about time aimcoinvests Siddall started talking sense. GoodNews publicpensionfunds
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »