green hydrogen – Benefits Canada.com

CPPIB partnering with Dutch hydrogen project developer

Jennifer Paterson — Thu, 13 Jul 2023 15:00:01 +0000

The Canada Pension Plan Investment Board and hydrogen project developer Power2X are forming a long-term investment partnership aimed at advancing Power2X’s role in the global clean energy transition. The partnership plans to invest an initial €130 million to accelerate the growth of Netherlands-based Power2X as a development platform and fund green molecule projects. The investment […]

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Canada Growth Fund emphasizing ‘over-hyped’ transition technologies, says watchdog

Gideon Scanlon — Tue, 04 Apr 2023 16:30:23 +0000

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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CPPIB-backed green energy service provider launching in Brazil

Gideon Scanlon — Tue, 28 Mar 2023 16:30:03 +0000

The Canada Pension Plan Investment Board is entering a joint venture focused on providing services to support Brazil’s transition away from fossil fuel reliance. Alongside Votorantim Group, the CPPIB is launching Floen, which will support the scaling of innovative technologies and business models with the potential to accelerate the energy transition, according to a press […]

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U.K. institutional investors turning to renewables for portfolio diversification: survey

Gideon Scanlon — Tue, 26 Apr 2022 13:00:49 +0000

The overwhelming majority (92 per cent) of British institutional investors and wealth managers are planning to increase their allocations to renewable energy in order to diversify their portfolios, according to a survey by London-based asset manager Downing LLP. The survey, which polled 100 professional investors including pension plan sponsors, institutional investors and asset managers, found […]

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Caisse promising to divest from oil production by end of 2022

bwolfe — Tue, 28 Sep 2021 17:00:36 +0000

The Caisse de dépôt et placement du Québec is planning to completely divest from oil production — roughly one per cent of its total portfolio or about $3.9 billion based on the size of its net assets as of June 30 — by the end of 2022, as part of its new climate change strategy. […]

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Opportunities for institutional investors from the energy transition

mschmit — Mon, 30 Nov 2020 08:52:23 +0000

Along with big risks comes the need for solutions and companies that provide those solutions, said Edward Lees, co-lead and portfolio manager at BNP Paribas Asset Management, when speaking at the Canadian Investment Review’s Investment Innovation Conference in November. Although in the current environment the coronavirus has been top of mind, climate issues have not […]

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