The Alberta Funding Administration Corp. has arrange a brand new $1-billion fund devoted to investing within the international power transition and decarbonization sectors.
The funding supervisor says the cash represents new capital and investments made by the fund will likely be along with its different climate-related investments throughout asset courses.
AIMCo chief funding officer Marlene Puffer says it has been strategically evaluating local weather change dangers and alternatives for the final decade and the group has a robust observe document of creating investments within the power transition house.
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AIMCo says the brand new fund will look to supply publicity to a variety of power transition alternatives corresponding to industrial decarbonization, carbon seize and sequestration.
Different areas may embody renewable fuels, low-carbon renewable power manufacturing and associated applied sciences and electrification, storage and power effectivity.
AIMCo invests on behalf of pension, endowment, insurance coverage and authorities funds in Alberta and has greater than $158 billion in belongings below administration.
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