11:26:08 EDT Sun 23 Jun 2024
Enter Symbol
or Name

Brookfield Asset Management Inc
Symbol BAM
Shares Issued 412,201,980
Close 2023-01-06 C$ 40.06
Market Cap C$ 16,512,811,319
Recent Sedar Documents

Globe says Brookfield Asset's Carney sees green urgency

2023-01-09 08:48 ET - In the News

The Globe and Mail reports in its Saturday edition that Mark Carney, chairman and head of transition investing, Brookfield Asset Management, says that the ratio of clean-energy to fossil-fuel investment over the next decade is probably the most critical indicator of whether the world can meet its net-zero objective. The Globe's Jason Kirby writes that today that ratio sits around 1-to-1. Mr. Carney figures that by 2030 it must rise to between 4-to-1 and 5-to-1. That means a rapid acceleration in clean-energy investment, a process that has already begun. Importantly, a smooth energy transition will also require some limited and targeted investment in fossil fuels, to maintain the stability of our energy systems and our economies. However, the ratio of clean-energy investment to fossil-fuel investment rises from 1-to-1 to at least 4-to-1, not 4-to-0.

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