Quebec’s Caisse to sell remaining oil production investments by end of 2022
Global News
The Quebec investment manager says its remaining assets in the sector make up one per cent of its portfolio.
Caisse de dépôt et placement du Québec says it will sell its remaining oil production investments by the end of next year as part of its climate strategy.
The Quebec investment manager says its remaining assets in the sector make up one per cent of its portfolio.
CDPQ made the announcement as it released its new plan to fight climate change.
READ MORE: Quebec’s Caisse posts 7.7% return in 2020 as real estate underperforms
As part of the plan, the investment fund says it will create a $10-billion transition envelope that will help support companies in the heaviest emitting sectors to reduce their carbon intensity.
CDPQ also says it plans to hold $54 billion in green assets by 2025 and reduce its portfolio’s carbon intensity by 60 per cent by 2030 compared with 2017.
Earlier this month, the Ontario Teachers’ Pension Plan board said it aimed to slash the carbon emissions intensity of its investments by 45 per cent by 2025 and by two-thirds by 2030, compared against its 2019 baseline.
The employee was indicted for allegedly distributing personal information of TD Bank customers, the latest criminal probe to hit the U.S. arm of the Canadian financial institution.
Stock markets were rising broadly higher on news of Donald Trump's U.S. election victory on Wednesday. Here's how investors say you should adjust your portfolio.
The Bank of Canada's Carolyn Rogers says improving housing affordability ultimately requires reaching a balance between supply and demand, which she says will take time.
Donald Trump was previously a crypto skeptic but changed his mind and took a favorable view of cryptocurrencies ahead of the election.
Canadians continue to make payments on their mortgages, but there are signs of stress bubbling up on other credit products, which CMHC warns could continue to spread to home loans.
Canadians continue to make payments on their mortgages, but there are signs of stress bubbling up on other credit products, which CMHC warns could continue to spread to home loans.
Bell Canada will use $4.2 billion of the proceeds it got from selling its stake in Maple Leaf Sports & Entertainment to Rogers Communications to fund this acquisition.
With the costs of pet ownership rising, the Competition Bureau sees an opportunity to drive down the prices of medication by expanding distribution to pharmacies.
Major North American carriers with international operations are cashing in on a booming demand for overseas travel and a resurgence in business bookings.