A potential Alberta Pension Plan would expose Albertans to material underwriting risks and the potential for political involvement in decisions about the plan’s investment policy, according to a new report. The report — authored by Keith Ambachtscheer, founder of KPA Advisory Services Ltd. and adjunct professor at the University of Toronto’s Rotman School of Management — also estimated […]
Concordia University’s Foundation is divesting from coal, oil and gas within five years and will become the first university foundation in Quebec to target 100 per cent sustainable investments by 2025. The foundation is also doubling its target of impact investments by 2025, from five to 10 per cent. This long-term pool of capital is […]
Recent research by MSCI Inc. is suggesting conventional virgin plastic could become the next stranded asset. The move toward electric vehicles and global efforts to reduce carbon emissions may cause oil demand for road transport to peak in 2025, according to the research. In response, oil and gas companies are expected to pivot their focus […]
The Caisse de dépôt et placement du Québec and French utility company Engie are buying a combined 90 per cent stake in Brazilian oil and gas transportation network company Transportadora Associada de Gás S.A. for US$8.6 billion. The new arrangement, which gives Engie a 58.5 per cent stake in TAG and the Caisse the remaining 31.5 per cent, was the result […]
A coalition of investors is asking North American fossil fuel producers to up their disclosure on water risks. The Shareholder Association for Research and Education is teaming up with the U.S.-based Interfaith Center on Corporate Responsibility to send a letter to 30 companies requesting they participate in a water questionnaire from the Carbon Disclosure Project, a […]
Canadian institutional investors with stakes in fossil fuel companies can be held as much accountable for continued and escalating carbon emissions as the producer organizations, according to a report by the Centre for Policy Alternatives. While widely held Canadian fossil fuel companies aren’t controlled by a single institutional investor, they do own large chunks of equity, the report found. […]
The Canada Pension Plan Investment Board and Encino Energy are acquiring Chesapeake Energy Corp.’s Utica shale oil and gas assets in Ohio for $2.6 billion. Through the jointly-formed Encino Acquisition Partners, an organization formed in 2017 to seek out significant, high-margin oil and gas production and development assets in the U.S., the transaction includes more than 900,000 net acres of leasehold with […]
Fund takes over big stake in Howard Energy Partners.
Industry group says 2016 will be another gloomy year for Canada's energy sector.
Pension plan acquires Cenovus Energy's Heritage Royalty Limited Partnership.