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Alberta & Prairies  + Canada  + Cross Border News  + Finance  | 

AIMCo Launches $1B Global Transition Fund

The Alberta Investment Management Corporation has launched a $1B global transition fund designed to expand decarbonization in multiple sectors.

The move has far-reaching real estate investment implications. Edmonton-based AIMCo ranks among Canada’s largest institutional investors. The company invests globally on behalf of Albert-based endowment, insurance, and government funds. 

The new fund in known as the Energy Transition Opportunities Pool. Many AIMCo clients have allocated money to the new pool, said the company in a news release.

The clients’ investments will have exposure to a variety of energy transition and themes, including industrial decarbonization, carbon capture and sequestration, electrification, storage and initiatives.

“We are gratified by our clients’ commitment both to the new pool and to our shared objective of supporting and benefiting from energy transition and decarbonization opportunities,” said Ben Hawkins, AIMCo’s head of infrastructure and renewable resources.

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Inside The Story

Alberta Investment Management CorporationBen Hawkins

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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