The head of Alberta Investment Management (AIMCo) said he wants to play a key role in what could be a multitrillion-dollar effort to lower the energy sector’s carbon footprint. And that was a primary motivation for the provincial asset…
The move allows AIMCo, which oversees more than $168 billion of assets, to expand its footprint in Alberta as it looks to be more involved in the region's green energy transition. As of June, its client portfolios held nearly $7 billion in investments across the province, according to a“People estimate the amount of money needed at something like two, three, four, five trillion dollars per year of investment.
He stressed the Calgary office will provide AIMCo with a better chance to explore opportunities that exist in the oil and gas sector — in particular the transition to a low-carbon economy.Related
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