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Vancouver-based CleanTech Company Clir Renewables Closes Major $27 Million Series-B Funding Round to Accelerate Growth

Vancouver-based CleanTech Company Clir Renewables Closes Major $27 Million Series-B Funding Round to Accelerate Growth. Vancouver, BC, June 1, 2021 Clir Renewables (Clir), a company dedicated to maximizing project returns from renewable energy assets announces the closing of its CAD$27 million Series B funding round. The Series-B financing was co-led by Longbow Capital Inc. and ArcTern Ventures, and included, Canada Pension Plan Investment Board (CPP Investments), BDC Capital, Active Impact Investments and Tokio Marine HCC. ....

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ET exclusive: Softbank scraps renewable deal with CPPIB, to continue running SB Energy with Bharti


ET exclusive: Softbank scraps renewable deal with CPPIB, to continue running SB Energy with Bharti
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Differences over valuations, CPs, rights for minority shareholder scuppered months of negotiations; team informed this morning. Move seen as major embarrassment for Softbank founder Masayoshi Son.
Agencies
Masayoshi Son led Softbank Group has abandoned its plans to divest its renewable business in India SB Energy Holdings – after carrying out a full blown global sale process for over a year. The Japanese technology and telecoms conglomerate have terminated its agreement to sell its 80% stake in the joint venture to Canada Pension Plan Investment Board (CPPIB), earlier this week, after disagreements over valuation, terms and conditions of the shareholder agreement (SHA) and governance rights could not be resolved between all parties concerned, said multiple people aware of the developments. ....

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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


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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, talented” scientists and engineers in the oil and gas industry.
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