[Newsbot]

Title: 1 year on, most oil-and-gas bailout money has moved, federal government says
Category: Business
Posted By: DrCaleb
Date: 2019-11-18 07:20:42
Canadian

[DrCaleb]

$1:

Sweden's central bank said Wednesday it had sold its Alberta-government issued bonds because it will no longer invest in assets held by governments or companies with large climate footprints. A day later, the European Investment Bank, the non-profit lending institution of the European Union, announced it will not invest in fossil-fuel projects after 2021.

Both decisions followed a warning from Norway's central bank on Nov. 5 that climate risk must be considered in all assessments before investments are made.

The UPC were warned. Kill the carbon levy, and lose investors.

[Thanos]

In a shout-out to small-town cheap I wonder how much of this money will one day be revealed to have ended up as monogrammed golf balls at a private club somewhere.

[DrCaleb]

I'm sure most of it wound up as Executive Bonuses.