Det nye forumet finner du her

Tilbake til: Olje og energi
Innlegg av: Nano Rekyl (07.12.17 08:32 ), lest 2545 ganger
Ticker: QEC
Endret: 07.12.17 08:34

QEC - Mere godt i vente for 2018!

Heisan!

Enda litt til som viser hvilken vei dette går.


Quebec credit union Desjardins Group lifts moratorium on pipeline lending
The credit union will continue to live up to its agreements with energy companies after extensive consultations during the past four months
Guy Cormier, president and chief executive officer of Desjardins GroupChristinne Muschi/Bloomberg
The Canadian Press
Dan Healing

December 6, 2017
12:05 PM EST

Last Updated
December 6, 2017
3:04 PM EST
Filed under

Commodities Energy

Comment
Facebook
Twitter
Reddit
Email
More

CALGARY — A moratorium on loans for energy pipeline projects has been lifted, Desjardins Group said Wednesday, as it vowed to consider environmental, social and governance practices of clients in all future lending decisions.

The decision in July to temporarily stop pipeline loans had been applauded by environmental groups and First Nations opposed to oilsands development who urged the Quebec credit union to make the freeze permanent.

They also asked Desjardins to withdraw from pipeline lending commitments such as its $145-million stake in a loan package for Kinder Morgan Canada Ltd.’s Trans Mountain pipeline expansion project to bring more oilsands crude from Alberta to the West Coast.

But CEO Guy Cormier said in an interview Wednesday the credit union will continue to live up to its agreements with energy companies after extensive consultations with supporters and opponents of the sector over the past four months.
ESG criteria

“It means that the moratorium we put on in July now is replaced by the application of the ESG (environmental, social and governance) criteria, not only for the energy sector but all the different business sectors we invest in,” he said.

“We want to work with the sector to support the transition to clean energy.”

The decision to adopt new criteria for business decisions was welcomed by Patrick Bonin, climate and energy campaigner at Greenpeace Canada, but he said it is disappointing that Desjardins is not reassessing its existing loan portfolio.

“Although today’s announcement shows some important progress, such as investments in renewable energy projects, Desjardins failed to act consistently,” he said in an emailed statement.

“The Desjardins Group is turning its back to First Nations who oppose the (Kinder Morgan) project and is undermining the fight against climate change.”

He said Desjardins is falling short of lenders who have distanced themselves from doing business in the oilsands sector, such as the French bank BNP Paribas and Dutch bank ING.

Cormier said oil and gas investments represent about $6.6 billion out of a total of $276 billion in Desjardins assets.
Carbon neutral

He said the company will move to a carbon-neutral state by offsetting its own greenhouse gas emissions through the purchase of carbon credits starting this year. He vowed to ensure that by 2020 the emissions from companies in its investment portfolio are 25 per cent lower than the average of companies in stock and bond market indexes.

Before making an investment, he said Dejardins will assess whether the partner has consulted with affected communities, such as First Nations, and has a plan to manage its carbon footprint.

In a similar move in October, the Caisse de depot et placement du Quebec, with $285 billion in pension funds under management, announced it would increase by 50 per cent its investments in low-carbon industries while targeting a 25 per cent reduction in its carbon footprint per dollar invested by 2025.

On Wednesday, Kinder Morgan announced it would raise up to $250 million by selling preferred shares through underwriters led by CIBC Capital Markets, Scotiabank, RBC Capital Markets and TD Securities.

Cormier said Desjardins is not involved in the offering.

http://business.financialpost.com/commodities/energy/quebec-credit-union-desjardins-group-lifts-moratorium-on-pipeline-lending#comments-area

Ønsker alle lykke til og stå for deres egne valg!