at scale,” Carney, who is vice chair at Brookfield Asset Management Inc. as well as co-chair of the Glasgow Financial Alliance for Net Zero, said in an interview with Bloomberg Television’s Francine Lacqua at the COP27 climate summit in Egypt on Tuesday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
“A lot of the answer to energy security problems that have been exposed by Russia’s illegal war have to do with sustainability,” Carney said. “That’s why you’ve seen a five-fold increase in the ambition in the European Union for this decade. That’s why you’ve seen the big roll-out with the Inflation Reduction Act in the United States … these are solutions to not just climate issues, but geopolitical issues.
Carney said Brookfield has “gone from 20 gigawatts in our pipeline of building renewables to over 100 gigawatts in just 12 months,” which “gives you a sense of how fast things are moving.” Investors also need to look “at every single company” to figure out which have plans to “get their emissions down,” he said. “If they’re going to get their emissions down — and faster than their peers — they’re going to unlock value.
But members of the finance industry have warned that war and an energy supply crisis are complicating efforts to shut off the financing to fossil fuels. Tracey McDermott, who chairs the Net Zero Banking Alliance within GFANZ and is also group head of conduct, financial crime and compliance at Standard Chartered Plc, has described the dilemma as “complex.”
Typical Liberal promote but never deliver
He’s a snake guy
Meanwhile he's investing in oil pipelines abroad. What a hypocrite!
May as well take your chances with bitcoin
What a crock
Uh huh
Report on the Brookfield Renewables hostile takeover of Inter-Pipeline...you know a fossil fuel business....Carney is part of Brookfield
Carney salesman for 'renewable' getting federal grants aka free money; while Justin for Pfizer.
Full disclosure. Mark should come clean with the companies that he is invested in.
Mark Carney head of the foreign agenda.
WTF? NP actually reporting on something that will have a positive effect
Ex Goldman Sachs degenerate.
Carney was party to the Bank of England's theft of th poverty-stricken Venezuelan people's gold deposits in the name of 'President Guido', the neocon Fredo puppet. A true thief now telling us about 'opportunity'
He's a Liberal.
Who would invest in something that can't deliver what it promises?
Mark Carney sees a massive opportunity to make himself even more wealthy than he is on the backs of the lower and middle classes who cannot afford the transition.
Somebody please build a wall with no door around Carney.