AIMCo CEO rejects fossil fuel divestment as investment strategy
The CEO of Alberta Investment Management Corp. (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.
Evan Siddall — head of what is one of Canada’s largest institutional investors, with $168.3 billion of assets under management as of the end of last year — said in an interview that AIMCo wants to be a leader in financing the transition to a low-carbon economy, but it won’t do that by divesting from fossil fuels as some global pension funds have done.
Further carbon capture on coal “not an option,” according to CIC Minister Don Morgan
REGINA – Since the opening of the Boundary Dam Unit 3 Integrated Carbon Capture and Storage Project in late 2014, Saskatchewan’s coal-fired power industry, and Estevan in particular, has been waiting for a clear message from the provincial government whether it would pursue additional carbon capture projects. To date, nothing has come forward, but the minister responsible indicated on Sept. 20 it would not happen.
Patchwork Podcast: Strathcona Resources president & CEO Rob Morgan and Saskatchewan Premier Scott Moe toured Meota area operations
On this special edition of the Patchwork Podcast, Kurt Price talks with Saskatchewan Premier Scott Moe and Strathcona Resources president and CEO Rob Morgan. The Premier was on a tour of Strathcona Resources facilities in the Meota area, north of North Battleford, and says he was impressed with what he saw.
Fossil fuel sector needs investment to reduce emissions: RBC exec
CALGARY — Two executives from Royal Bank of Canada say financial institutions will need to invest not just in green energy companies, but also in the fossil fuel industry, if Canada is to meet its climate change targets. RBC Capital Markets CEO...
Germany close to deal on nationalizing gas company Uniper
BERLIN (AP) — Natural gas supplier Uniper said Tuesday that it’s in “final discussions” for Germany to nationalize the company, ramping up the government’s intervention in the gas and oil industry as Russia's war in Ukraine provokes an energy...
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