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

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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.

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