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Record investment year puts CPPIB close to half-trillion dollar asset goal

Record investment year puts CPPIB close to half-trillion dollar asset goal © Provided by The Canadian Press TORONTO — A record return over the first full year of the pandemic has put the manager of Canadas largest retirement fund years ahead of schedule to meet a long-term goal of having half a trillion dollars in assets by 2028. Popular Searches Canada Pension Plan Investment Board reported Thursday that its funds earned 20.4 per cent net of all costs for its 2021 fiscal year ended March 3...
United Arab Emirates United States Mark Machin John Graham Bruce Hogg David Paddon
Source: msn.com

Net Zero: Colonial Pipeline resumes operations after cyberattack

iPolitics By iPolitics. Published on May 13, 2021 12:00pm The Lead  Colonial Pipeline announced on Wednesday that it has resumed operations six days after a ransomware attack prompted the largest U.S. pipeline to shut down. The closure caused fuel shortages across the U.S. and saw several states, including Georgia, North Carolina, and Florida, declare a state of emergency. Colonial halted 2.5 million barrels per day of shipments of gasoline, diesel and jet fuel last Friday, after what is b...
United States North Carolina Christina Lake British Columbia Fort Mcmurray Mike Fernandez

Gas-handling project aims to purify oilsands fuel

Save to Read Later CALGARY - In the latest project designed to green the oilsands industry, Wolf Midstream says it will build a facility to strip petroleum liquids from natural gas used in operations near Fort McMurray, Alta., leaving a purer fuel that will burn with fewer carbon emissions. An oil worker holds raw sand bitumen near Fort McMurray, on July 9, 2008.  THE CANADIAN PRESS/Jeff McIntosh CALGARY - In the latest project designed to green the oilsands industry, Wolf Midstream says it ...
Fort Mcmurray Christina Lake British Columbia Jeff Mcintosh Gordon Salahor Bob Lock

Natural gas straddle plant designed to reduce oilsands emissions with cleaner fuel

Natural gas straddle plant designed to reduce oilsands emissions with cleaner fuel by The Canadian Press Last Updated May 12, 2021 at 3:14 pm EDT CALGARY — In the latest project designed to green the oilsands industry, Wolf Midstream says it will build a facility to strip petroleum liquids from natural gas used in operations near Fort McMurray, Alta., leaving a purer fuel that will burn with fewer carbon emissions. The company says its NGL North project is expected to reduce carbon dioxide em...
Fort Mcmurray Christina Lake British Columbia Gordon Salahor Bob Lock Canada Energy Regulator

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'A short on human ingenuity': Why CPPIB's new chief says fossil fuel divestment is off the table under his watch

Article content The new chief executive of the Canada Pension Plan Investment Board has no plans to institute a blanket divestment of oil and gas assets during his tenure, in part because he believes science will find solutions to many of the issues that have made environmentalists and some investors question such holdings. “Simple divestment is essentially a short on human ingenuity,” John Graham told the Financial Post in a recent interview, adding that there are “incredibly bright, tal...
United Arab Emirates United States Mark Machin John Graham Barbara Shecter Red Cass

CPPIB Launches Sustainable Energy Group | Chief Investment Officer

CPPIB Launches Sustainable Energy Group The Canadian pension giant is merging two business units to create the C$17.7 billion investment division. The C$475.7 billion ($378.4 billion) Canada Pension Plan Investment Board (CPPIB) is combining its Energy & Resources and Power & Renewables groups to launch a new investment group called the Sustainable Energy Group (SEG) that will have approximately C$17.7 billion in assets under management (AUM). The new group will be led by Power & Renewables’...
United States Bruce Hogg Avik Dey Pattern Energy Power Renewables Energy Resources
Source: ai-cio.com

Enhance Energy - Megatonne Milestone - Charting a New and Cleaner Path Forward by Capturing Co2 and Producing Lower Carbon Energy

This event is Today, March 9th 11:30 Mountain Standard CALGARY, AB, March 9, 2021 /PRNewswire/ - Big news from Alberta. Enhance Energy is a privately owned Alberta based carbon mitigation company and a trusted leader in reducing carbon emissions through carbon capture utilization and storage (CCUS). The company has been making great strides in helping to reduce our carbon footprint while producing low cost, low carbon energy. Today, they celebrate a monumental accomplishment, having captured,...
Seamus Oregan Kevin Jabusch Jeff Pearson Jason Nixon Alberta Company Carbon Capture

Opinion: Despite Keystone XL loss, Canadian energy will shape future

Article content It has been another tough couple of weeks for the pipeline industry. Keystone XL lost its presidential permit. A critical infrastructure project that would have delivered immense benefits on both sides of the border cancelled as an act of backward-looking political symbolism by the president of the United States on his very first day in office. With the stroke of Joe Biden’s pen, Canada lost billions of dollars that our economy needs now more than ever. The U.S. and other worl...
United States Chris Bloomer Joe Biden Courtesy Inter Pipeline Ltd Postmedia Network Inc Calgary Herald

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