Fossil fuel divestment not on the agenda for AIMCO, CEO Evan Siddall says by Jeffrey Jones
Appeared in The Globe and Mail on September 21, 2022
Gina's Thoughts
Hear, hear AIMCo! "Alberta's public investment manager is not making a net-zero commitment, and selling off fossil-fuel producers is out of the question." AIMCo is trying to balance energy supply and emission reduction in its investment decisions and "divestment from fossil fuels -- still Alberta's dominant industry -- won't be on the agenda." Evan Siddall, CEO of the $168 billion fund does not believe in divestment as a strategy. Like InvestNow, Siddall believes that the key to achieving the balance between energy supply and emission reduction is to invest in the oil and gas sector.
