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Welcome! This file represents ESG-related news about TSX60 companies that we found from February 25, 2020 to March 3, 2020. This is just a preliminary analysis, but we are happy to explore and iterate on these sorts of asset management and research requests. Please email us if you're interested in a custom feed for your assets or specific equities.

Brookfield Asset Management Inc.

Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.
(From: Brookfield Announces Reset Dividend Rate on Its Series 38 and Series 25 Preference Shares; published on Mar 02 2020 21:48)


Canadian Imperial Bank of Commerce

Today’s announcement is in-line with CIBC’s commitment to support $150 billion in environmental and sustainable financing activities by 2027.
(From: CIBC Innovation Banking Provides Precision Crop Management Company SemiosBio With a $25 Million Growth Capital Financing to Support Expansion; published on Mar 03 2020 14:00)


Thomson Reuters Corporation

The Thomson Reuters Foundation is the charitable arm of Thomson Reuters, and covers humanitarian news, women's and LGBT+ rights, human trafficking, property rights, and climate change.
(From: Africa: From Job Bans to Child Marriage, Countries Told to Scrap Sexist Laws; published on Mar 03 2020 04:59)


Teck Resources Limited

The province was walloped on Sunday by the cancellation of a major oilsands development project by Teck Resources, but bolstered on Monday by the Alberta Court of Appeal decision that Justin Trudeau’s marquee policy, a federal tax on carbon, infringes on provincial jurisdiction.
(From: Jason Kenney gears up for Alberta throne speech, after a victory from the courts and a blow from Teck; published on Feb 25 2020 00:08)

Teck Resources withdraws application for $20B Frontier oilsands mine Marla Orenstein, director of the natural resources centre at the Canada West Foundation, said she agreed with some of the points Teck made in its letter, especially when it comes to having “a common environmental plan” for major resource and energy projects in the country.
(From: Teck pulling out of oilsands project ‘another straw on the camel’s back’ for Alberta economy: think tank; published on Feb 25 2020 01:06)

They are the politicians with the most at stake in Teck Resources’ decision Sunday to abandon its Frontier project, which would have created thousands of jobs in Alberta but spewed emissions that would hinder Trudeau’s green goals.
(From: UPDATE 1-Canadian oil problems may force Trudeau and Alberta foe to cooperate; published on Feb 26 2020 19:57)

The report is also coming to light days after Teck Resources announced it was pulling out of a major oilsands project for a variety of reasons, including uncertainty surrounding resource development and government’s climate change policies.
(From: Alberta government took six months to release alarming climate report; published on Feb 27 2020 02:49)

The cancellation of the Teck Resources Frontier oilsands project is symptomatic of what Teck boss, Don Lindsay, said are changing global capital markets that are increasingly looking to invest in jurisdictions that have provided certainty on climate policy.
(From: John Ivison: How Scheer can pave the way for next Conservative leader by undoing Canada’s climate Catch 22; published on Feb 27 2020 11:45)

It comes on the heels of Teck Resources' decision to back out of a new oilsands project in Alberta, citing uncertainty over climate policy.
(From: Trudeau to meet provincial, territorial leaders amid heightened tensions; published on Feb 27 2020 21:14)

The Liberals' climate plan came under renewed scrutiny earlier in the week when Teck Resources abandoned its plan to build the  $20.6-billion Frontier mine in Alberta's oilsands.
(From: Chris Hall: Can net-zero and the energy sector co-exist?; published on Feb 29 2020 09:00)

In explaining the decision to walk away from the Frontier oilsands project this week, Teck Resources chief executive Don Lindsay said that "global capital markets are changing rapidly and investors and customers are increasingly looking for jurisdictions to have a framework in place that reconciles resource development and climate change, in order to produce the cleanest possible products."
(From: Trudeau's crisis calendar is overflowing - could climate change get pushed to the margins?; published on Mar 01 2020 09:00)

The speech comes just a week after Teck Resources Ltd withdrew an application to build a C$20.6 billion (11.98 billion pounds) Frontier oil sands mine in Alberta, citing in part the country’s need to reconcile resource development and climate change.
(From: Canada's Trudeau to seek industry, indigenous input to define climate plan; published on Mar 01 2020 23:22)

The only way we create a better future is if we do it together Trudeau’s speech comes a week after Teck Resources shelved its $20-billion Frontier oilsands project, citing the need for more clarity on climate and environmental policies before the company could move forward on such a project.
(From: Trudeau calls for help from citizens, industry, First Nations on how to reach climate goals; published on Mar 02 2020 22:03)

This year, however, Trudeau appeared one week after Teck Resources Ltd. cancelled its application for a permit to build a $20.6 billion mine in Alberta’s oilsands, with its chief executive Don Lindsay citing a lack of clear policy in Canada about carbon taxes and other climate change legislation.
(From: Trudeau tells mining conference that battling climate change is good for investment; published on Mar 02 2020 23:47)


Telus Corporation

Miovision raises $120 million CAD round led by Telus Ventures “An important element of achieving AV readiness will be through the adoption of common AV standards to encompass both the technologies in the vehicle and in infrastructure, such as 5G technologies,” the report read.
(From: Report suggests making 407 autonomous vehicle highway, other ways prepare Toronto area for autonomous future; published on Feb 27 2020 15:05)


Cenovus Energy Inc.

Capital to develop technology is also needed to cut emissions across the economy, said Reg Curren, spokesman for oil producer Cenovus Energy.
(From: Canadian oil stumbles may force Trudeau and Alberta foe to cooperate; published on Feb 26 2020 17:37)


Pembina Pipeline Corporation

Simon Dyer, executive director of the Pembina Institute, said the decision by Teck “lays bare the need for provincial and federal governments to align on climate policy,” as protests threaten to snag future developments in the absence of clear targets and regulatory policies.
(From: Shelving of proposed Frontier mine shows Canada is in need of a political reckoning; published on Feb 25 2020 01:52)

In a recent, independent analysis, meanwhile, the Pembina Institute projected emissions from primary bitumen to be roughly two megatonnes for 2020.
(From: Why oilsands emissions look so different in federal and provincial reports; published on Feb 26 2020 09:00)

And that same Pembina analysis we heard about earlier also found that ongoing growth in oilsands output has made the industry the fastest-growing source of emissions in the country, putting it on a "collision course" with national climate goals.
(From: Why oilsands emissions look so different in federal and provincial reports; published on Feb 26 2020 09:00)

“I think the era of multibillion-dollar oilsands projects is definitely over,” said Benjamin Israel, fossil fuels analyst for the environmental Pembina Institute.
(From: Few approved oilsands projects stand to be built in near term: analysts; published on Mar 01 2020 09:00)


TC Energy Corporation

So far this year, grain shipments to Canadian ports have dropped by 1.2 million tonnes, with the most intense losses occurring over the past month, when environmental and Indigenous-rights activists erected random blockades protesting the construction of TC Energy Corp.’s planned $6.6 billion Coastal GasLink project, said Mark Hemmes, president of Quorum Corp., an Alberta company monitoring Canada’s grain movements for the federal government.
(From: $63 million lost each week: Grain producers reel as rail blockades clog supply chains; published on Feb 26 2020 19:51)


Bank of Montreal

Investors appeared worried about the growing probability that the epidemic will spread worldwide and kneecap the global economy after spates of coronavirus cases emerged in Italy, Japan, South Korea and Iran, according to Yung-Yu Ma, chief investment strategist at BMO Wealth Management.
(From: Global stocks plunge again as coronavirus panic spreads; published on Feb 26 2020 13:01)