Carney’s ‘net-zero’ investment firm has billions in coal and oil sands projects

[rangerrebew]

Carney’s ‘net-zero’ investment firm has billions in coal and oil sands projects
March 1, 2021
 

By Paul Homewood
 

We have an early candidate for hypocrite of the year award!

 
A Canadian company that employs UN climate finance envoy Mark Carney as vice-chair has invested billions of dollars in fossil fuel projects, including a coal port and an oil sands pipeline.

Mark Carney, the former governor of the Bank of England, is now Boris Johnson’s finance adviser for the COP26 climate summit in addition to his high-profile role for the UN. He joined Brookfield Asset Management last August with special responsibility for environmental, social and governance issues.

Earlier this month, Carney told Bloomberg TV that Brookfield is “net zero across its $575 billion asset portfolio”. He said that although Brookfield owns companies “across the spectrum”, it has achieved net-zero status because “we have this enormous renewables business that we’ve built up and all of the avoided emissions that come with that.”

https://notalotofpeopleknowthat.wordpress.com/2021/03/01/carneys-net-zero-investment-firm-has-billions-in-coal-and-oil-sands-projects/#more-49513