Could Alberta follow Texas’ plan to target ESG funds that ‘boycott energy’?

Yahoo Finance Canada Videos
1 年前

Lawmakers in Texas are taking aim at green investment with a plan to force the state's multibillion-dollar pensions to divest from financial institutions and funds that “boycott energy.” Could this idea gain traction in Alberta, as the home of Canada’s oil and gas industry heads for a provincial election in the spring?

Kevin Krausert is CEO and co-founder of Avatar Innovations, a Calgary-based venture capital firm and startup accelerator that pairs entrepreneurs with the biggest companies in Canada’s energy patch. He’s not a fan of the strategy, but doesn’t rule out a candidate for premier using divestment as a talking point.

“I guess we should be prepared for it,” Krausert told Yahoo Finance Canada’s Editor’s Edition. “I’m cautiously optimistic that the majority of Albertans will be able to see through any cheap political points that an election sometimes brings out.”

Got a question for Kevin Krausert? Email Jeff.Lagerquist@yahoofinance.com and let him know what interests you in the world of clean energy and technology.

Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.

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