Caisse cuts Exxon Mobil stake in push to cut carbon intensive holdings
Article content Quebec’s biggest institutional investor is looking beyond the largest U.S. oil and gas company. The Caisse de dépôt et placement du Québec said Tuesday it sold most of its $782 million Exxon Mobil Corp. shares last year as part of a drive to reduce its exposure to carbon-intensive companies. The pension-fund manager owned 1.9 million Exxon Mobil shares as of the end of Dec. 31, down from 8.6 million a year earlier, according to the Caisse’s 2020 annual report. We apologize, but this video has failed to load. Try refreshing your browser, or Caisse sells most of Exxon Mo...
Source: montrealgazette.com