oil and gas – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 16:43:00 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Feds moving ahead with sustainable investing guidelines, but details still scarce https://www.benefitscanada.com/news/cir-news-news/feds-moving-ahead-with-sustainable-investing-guidelines-but-details-still-scarce/ Fri, 11 Oct 2024 19:00:17 +0000 https://www.benefitscanada.com/?p=161304 Finance Minister Chrystia Freeland said the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce. The move comes as a wide range of investors, asset managers and environmental groups have been pushing the government to roll out such guidelines, also known as green […]

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]]> Caisse investing in Quebec-based energy company, CPPIB buying stake in data centre operator https://www.benefitscanada.com/canadian-investment-review/alts/caisse-investing-in-quebec-based-energy-company-cppib-buying-stake-in-data-centre-operator/ Fri, 06 Sep 2024 19:00:41 +0000 https://www.benefitscanada.com/?p=159821 The Caisse de dépôt et placement du Québec is investing $575 million in Montreal-based natural gas company Énergir. The investment, which will be made in partnership with the Fonds de solidarité FTQ, is designed to fund a decarbonization and resilience strategy at Énergir and will fund renewable energy projects and renewable natural gas production plants, according […]

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]]> Competition Bureau to speed development of guidance on new greenwashing rules https://www.benefitscanada.com/news/cir-news-news/competition-bureau-to-speed-development-of-guidance-on-new-greenwashing-rules/ Tue, 09 Jul 2024 19:00:05 +0000 https://www.benefitscanada.com/?p=157763 The Competition Bureau is speeding up the development of guidance on the interpretation of new provisions in the Competition Act aimed at greenwashing. The federal watchdog said it has received a large number of requests and that it will develop guidance “on an accelerated basis.” Read: Head to Head: Is it time to change the terminology […]

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]]> Canada’s missing navigation tool in the push to lower emissions https://www.benefitscanada.com/news/cir-news-news/canadas-missing-navigation-tool-in-the-push-to-lower-emissions/ Tue, 02 Jul 2024 19:00:10 +0000 https://www.benefitscanada.com/?p=157574 It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass. The same could be said of investors trying to navigate where to put the many trillions of dollars that are […]

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]]> 2024 Global Investment Conference: Global energy interests posing challenges to institutional investors’ net-zero targets https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-global-investment-conference-global-energy-interests-posing-challenges-to-institutional-investors-net-zero-targets/ Mon, 10 Jun 2024 11:59:47 +0000 https://www.benefitscanada.com/?p=156206 Global powerhouses China and India will continue to heavily bet in oil and gas opportunities due to projected demand, despite the global push for green energy, said John Sitilides, senior fellow for national security at the Foreign Policy Research Institute, during the keynote session at the Canadian Investment Review’s 2024 Global Investment Conference in April. […]

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]]> New York State Common Retirement Fund curbing oil and gas investments https://www.benefitscanada.com/canadian-investment-review/alts/new-york-state-common-retirement-fund-curbing-oil-and-gas-investments/ Tue, 26 Mar 2024 19:00:43 +0000 https://www.benefitscanada.com/?p=153144 The New York State Common Retirement Fund is restricting its exposure in eight integrated oil and gas companies, including divesting a portion of its investment in Exxon Mobil Corp. In a press release, New York State Comptroller Thomas DiNapoli said the decision was fueled by a review of the oil companies — Guanghui Energy Company, […]

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]]> Caisse acquires 80% stake in Japanese solar power plant, AIMCo opens New York office https://www.benefitscanada.com/canadian-investment-review/alts/caisse-acquires-80-stake-in-japanese-solar-power-plant-invests-125-million-in-digital-consultants-expansion-plans/ Fri, 16 Feb 2024 20:00:04 +0000 https://www.benefitscanada.com/?p=151839 The Caisse de dépôt et placement du Québec is acquiring an 80 per cent stake in a Japanese solar power generation plant alongside its portfolio company Shizen Energy Inc. The solar power plant generates 31 megawatts, or enough energy to power 7,850 homes, according to a press release. The Caisse first invested $186 million in the energy […]

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]]> AIMCo acquiring stake in Calgary-based geothermal energy subsidiary https://www.benefitscanada.com/canadian-investment-review/alts/aimco-acquiring-stake-in-calgary-based-geothermal-energy-subsidiary/ Tue, 23 May 2023 16:30:44 +0000 https://www.benefitscanada.com/?p=138626 The Alberta Investment Management Corp. will receive a majority stake in a wholly owned subsidiary of an oil and gas development and production company in order to settle its debts. Razor Energy Corp., a petroleum producer headquartered in Calgary, has reached an agreement with the investment organization that will eliminate $63.2 million of secured debt […]

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]]> CPPIB acquiring stake in fossil fuel producer, Caisse investing in habitat restoration company https://www.benefitscanada.com/canadian-investment-review/alts/cppib-acquiring-stake-in-fossil-fuel-producer-caisse-investing-in-habitat-restoration-company/ Tue, 07 Mar 2023 17:30:13 +0000 https://www.benefitscanada.com/?p=134960 The Canada Pension Plan Investment Board is acquiring a 49 per cent stake in one of California’s leading fossil fuel producers. The CPPIB is securing its minority stake in Aera Energy from IKAV Energy Inc., an asset management company. Following the sale, IKAV will maintain a majority stake in the firm. Founded as a joint […]

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]]> 2022 IIC coverage: Rethinking the role of carbon-intensive assets in investment portfolios https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2022-iic-coverage-rethinking-the-role-of-carbon-intensive-assets/ Mon, 16 Jan 2023 12:55:24 +0000 https://www.benefitscanada.com/?p=131757 Reduced investment in the fossil fuel sector will lead to higher energy prices, encouraging the development of transition technologies, according to Mark Lacey, head of global resource equities and global thematics at Schroders, during a session at the Canadian Investment Review‘s 2022 Investment Innovation Conference. “We’ve been through a massive divestment period that’s been exaggerated […]

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