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The Canada Pension Plan Investment Board is launching a new investment group that will focus on renewables, conventional energy and new technology and service solutions.
The sustainable energy group combines the CPPIB’s energy and resources group with the power and renewables group for a total of $18 billion in assets, according to a press release. The group’s diversified portfolio primarily comprises long-term tangible assets, including renewable-energy sources such as wind, solar and hydro, as well as conventional power, upstream oil and gas, energy midstream, carbon capture and liquefied natural gas. It also invests in areas of innovation, technology and services to the energy industries and manages agriculture investments, the release said.
Why leaders need to act now to prevent the ‘she-cession’ from last beyond the pandemic Dene Moore Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Without action, the true cost of women leaving the workforce during the pandemic will be paid well into the future due to the erosion of skills and retracement of gender diversity efforts, Canadian executives warn.
Almost half a million Canadian women who lost their jobs during the pandemic hadn’t returned to work as of January, according to a recent RBC Economics report citing Statistics Canada data, and more than 200,000 had slipped into the ranks of the long-term unemployed. About 100,000 women age 20 and older have left the Canadian labour force entirely since February 2020, 10 times more th