Vodafone Idea seeks $1bn funding from pension funds to stay afloat totaltele.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from totaltele.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Melissa Tait/The Globe and Mail
John Ruffolo’s private-equity firm is officially in business after raising money from five Canadian institutions, seven months after the Bay Street financier was nearly killed in a traffic accident.
His Maverix Private Equity last week received funds from CAAT Pension Plan, British Columbia Investment Management Corp., Bank of Montreal, Canadian Imperial Bank of Commerce and Mattamy Asset Management to anchor its first, US$500-million fund.
Big finance considers climate change a major investment risk. Is your pension prepared?
If you have a pension, chances are you re invested in fossil fuels. Whether or not that worries you from a climate perspective, there s a growing sense in the financial world that climate risk is tantamount to investment risk and companies not planning for a net-zero world may be a bad bet.
Social Sharing
Lisa Johnson ·
Posted: Apr 17, 2021 11:12 AM ET | Last Updated: April 17
Recurrent flooding, such as that seen in Gatineau, Que., in 2017 and 2019, is one of the physical risks of climate change that the financial world is worried will harm investments. There s also growing demand for disclosure to gauge which companies may be profitable in the low-carbon economy of the future and which won t.(Chris Wattie/Reuters)
PDG plans $1bn China data centre expansion, move into Asia capacitymedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capacitymedia.com Daily Mail and Mail on Sunday newspapers.