National Post ePaper

CARNEY EXPECTS NET-ZERO WAVE

Mark Carney, the former central banker who now heads impact investing at Brookfield Asset Management Inc., expects listed companies to embrace net-zero carbon emissions plans in the coming years. “I would say with a pretty high degree of confidence that in the next three years a net zero commitment and a plan to achieve it will be the norm for public companies,” Carney, the former Bank of England and Bank of Canada governor, said during Toronto-based Brookfield's investor day Tuesday. Financial firms that manage portfolios worth US$88 trillion have already committed to that goal as of July, Carney said. “We will get this to US$100 trillion and counting,” he said, adding that “a third to 40 per cent” of all global financial assets will be linked to a net-zero objective.

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2021-09-22T07:00:00.0000000Z

2021-09-22T07:00:00.0000000Z

https://nationalpost.pressreader.com/article/282114934717038

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