One year into a five-year plan to reduce its investments in greenhouse gas-emitting companies by 50 per cent, the Bâtirente is on pace to reach its target. Last year, the defined contribution pension fund announced a number of environmental commitments it intended to reach by 2025, including a pledge to reduce its exposure to climate-related […]
More standards required for pension funds using ESG data, indices and scores
benefitscanada.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benefitscanada.com Daily Mail and Mail on Sunday newspapers.
Deregulation of Alberta’s electricity sector in the ’90s.
The global financial crisis of the 2000s.
Today, he sees a more daunting transformation ahead, one that surrounds the global energy transition, climate concerns and the role of companies and consumers as Canada seeks to reach “net-zero” greenhouse gas emissions by 2050.
“Challenges always look bigger when they’re in the windshield as opposed to in the rear-view mirror, but it is, in my mind, a very challenging prospect,” Kiefer, 62, said in an interview Thursday.
“We will need to change the way we behave, the way we think about energy, the way we use it, in order to accomplish our long-term goals. And change is a difficult thing to enlist on society as a whole.
Deregulation of Alberta’s electricity sector in the ’90s.
The global financial crisis of the 2000s.
Today, he sees a more daunting transformation ahead, one that surrounds the global energy transition, climate concerns and the role of companies and consumers as Canada seeks to reach “net-zero” greenhouse gas emissions by 2050.
“Challenges always look bigger when they’re in the windshield as opposed to in the rear-view mirror, but it is, in my mind, a very challenging prospect,” Kiefer, 62, said in an interview Thursday.
“We will need to change the way we behave, the way we think about energy, the way we use it, in order to accomplish our long-term goals. And change is a difficult thing to enlist on society as a whole.
The Canadian Press
The majority (86 per cent) of Imperial Oil Ltd. investors voted to defeat a shareholder resolution that the organization adopt a target to achieve net-zero carbon emissions by 2050.
However, the vote held during the Calgary-based company’s virtual annual meeting exposes a rift between its parent U.S. giant Exxon Mobil Corp. which owns 69.6 per cent of Imperial and its other shareholders, as the company noted 58 per cent of the shares not held by Exxon were voted in favour of the resolution.
Aequo Shareholder Engagement Services, acting on behalf of Quebec group retirement system Bâtirente, had argued that Imperial’s current 2023 emissions reduction target is a step in the right direction but that it’s also important to have a long-term strategy.
vimarsana © 2020. All Rights Reserved.