clean energy – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 04 Nov 2024 20:00:35 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Caisse invests $35M in energy transition fund, AIMCo buys Australian rural portfolio https://www.benefitscanada.com/canadian-investment-review/alts/caisse-invests-35m-in-energy-transition-fund-aimco-buys-australian-rural-portfolio/ Fri, 23 Aug 2024 19:00:10 +0000 https://www.benefitscanada.com/?p=159427 The Caisse de dépôt et placement du Québec is investing $35 million in a new energy transition fund from Quebec-based equity firm MacKinnon Bennett & Co. The investment is part of a larger $145 million commitment alongside the Canada Growth Fund, Investissement Québec and BDC Capital. The fund will target growth-stage businesses commercializing emission reduction […]

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]]> 2024 Global Investment Conference: Comparing clean energy landscapes across North America and Europe https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-global-investment-conference-comparing-clean-energy-landscapes-across-north-america-and-europe/ Mon, 10 Jun 2024 11:57:39 +0000 https://www.benefitscanada.com/?p=155486 To reach 2050 net-zero targets, investment volume in U.S. and European clean power markets has to be scaled on an annualized basis from now until 2030, said Daniel Sausmikat, partner of origination and execution at InfraRed Capital Partners, during the Canadian Investment Review‘s 2024 Global Investment Conference held in April. However, progress isn’t going to […]

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]]> Caisse invests $200 million in Quebec-based apparel firm, CPPIB buys energy company for US$6.2 billion https://www.benefitscanada.com/canadian-investment-review/alts/caisse-invests-200-million-in-quebec-based-apparel-firm-cppib-buys-energy-company-for-us6-2-billion/ Thu, 09 May 2024 19:00:24 +0000 https://www.benefitscanada.com/?p=155446 The Caisse de dépôt et placement du Québec and Gildan Activewear Inc. have reached an agreement that will see the Montreal-based apparel manufacturer issue $200 million in senior unsecured notes on a private placement basis to the investment organization. Gildan will issue notes with an annual interest rate of six per cent and will mature […]

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]]> New York City pension funds reach deal with RBC over clean energy funding disclosure https://www.benefitscanada.com/news/cir-news-news/new-york-city-pension-funds-reach-deal-with-rbc-over-clean-energy-funding-disclosure/ Wed, 10 Apr 2024 19:00:13 +0000 https://www.benefitscanada.com/?p=154144 The New York City Employees’ Retirement System, Teachers’ Retirement System and Board of Education Retirement System signed an agreement with the Royal Bank of Canada to publicly disclose its financing ratio of low-carbon energy to fossil fuels. The investment organizations are mandating RBC, as well as Citigroup Inc. and JPMorgan Chase & Co., to adhere […]

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]]> Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator https://www.benefitscanada.com/canadian-investment-review/alts/caisse-sells-1-3-of-shares-in-insurance-firm-bci-buys-ownership-stake-in-australian-agriculture-operator/ Thu, 29 Feb 2024 20:00:55 +0000 https://www.benefitscanada.com/?p=152500 The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider Intact Financial Corp. The investment organization will sell about 2.3 million shares at a price of $227.10 per share, resulting in gross proceeds of approximately $525 million. Once the transaction […]

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]]> New York City pension funds pushing RBC to disclose clean energy funding https://www.benefitscanada.com/news/cir-news-news/new-york-city-pension-funds-pushing-rbc-to-disclose-clean-energy-funding/ Wed, 07 Feb 2024 20:00:55 +0000 https://www.benefitscanada.com/?p=151541 Two New York City pension funds are pushing the Royal Bank of Canada to disclose more details on its clean energy funding. The shareholder resolution filed by the New York City Employees’ Retirement System and Teachers’ Retirement System of the City of New York asks that the bank fully report a ratio of how its clean […]

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]]> U.S.-China business relationship, private credit shaping investments in 2024: IMCO https://www.benefitscanada.com/canadian-investment-review/research-markets/u-s-china-business-relationship-private-credit-shaping-investments-in-2024-imco/ Tue, 06 Feb 2024 14:00:25 +0000 https://www.benefitscanada.com/?p=151602 The Investment Management Corp. of Ontario believes an increasingly icy dynamic between the U.S. and China could lead to heightened volatility for institutional investors this year, says Nick Chamie, the IMCO’s chief strategist and senior managing director of total portfolio and capital markets. “If we’re no longer zeroing in on maximizing economic efficiency, we’re no longer […]

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]]> Integration of two PSP portfolio companies to help Ontario meet growing clean energy needs https://www.benefitscanada.com/canadian-investment-review/alts/integration-of-two-psp-portfolio-companies-to-help-ontario-meet-growing-clean-energy-needs/ Thu, 13 Apr 2023 16:30:43 +0000 https://www.benefitscanada.com/?p=136423 A Northern Ontario-based hydroelectric power company owned by the Public Sector Pension Investment Board is being integrated into another one of PSP Investments’ assets, a clean power producer, developer and energy storage company. The integration of H2O Power by FirstLight Power represents the latter’s first venture into the Canadian market and brings its combined portfolio to […]

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]]> Canada Growth Fund emphasizing ‘over-hyped’ transition technologies, says watchdog https://www.benefitscanada.com/pensions/governance-law/canada-growth-fund-emphasizing-over-hyped-transition-technologies-says-watchdog/ Tue, 04 Apr 2023 16:30:23 +0000 https://www.benefitscanada.com/?p=136029 A watchdog organization is criticizing a government fund dedicated to attracting investments in green technologies. “The government seems to be saying this is concessional finance,” says Adam Scott, executive director of Shift Action for Pension Wealth and Planet Health. “The goal [of the Canada Growth Fund] is to put the first money into higher risk investments […]

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]]> IMCO announces interim carbon reduction targets for 2030 https://www.benefitscanada.com/canadian-investment-review/strategies/imco-announcing-interim-carbon-reduction-targets-for-2030/ Thu, 24 Nov 2022 14:00:30 +0000 https://www.benefitscanada.com/?p=130163 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 […]

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