Caisse de dépôt et placement du Québec says it will divest all of its oil investments by next year as part of the pension plan’s plan to help combat climate change by cutting its carbon footprint in half by 2030.
The province’s public pension fund unveiled its climate change strategy on Tuesday.
A core plank of the policy is to divest all assets that produce crude oil products by the end of 2022.
“The climate situation affects everyone, and we can no longer address it with the same methods used a few years ago,” CEO Charles Emond said. “We have to make important decisions on issues such as oil production and decarbonizing sectors that are essential to our economies.”
The pension plan has been selling off assets in the oil sector, but the declaration means it will move ahead with selling off what it has left — currently about one per cent of its total portfolio of $390 billion.
The fund also says it will move its oil money to other investments, with a view to buying up $54 billion in “green assets” by 2025.
Overall, the pension fund says it plans to reduce its total carbon footprint by 60 per cent by 2030.
“With this new strategy, we are demonstrating our leadership as an investor and enter the next stage of climate investing. We believe this is in the interests of our depositors, our portfolio companies and the communities we invest in,” Emond said.
More to come
Netflix’s ‘Squid Game’ estimated to be worth about $900 million – Bloomberg News
“Squid Game,” Netflix Inc’s biggest original series launch, is estimated to be worth almost $900 million for the streaming giant, Bloomberg News reported late on Saturday, citing figures from an internal Netflix document.
The nine-episode thriller, in which cash-strapped contestants play childhood games with deadly consequences in a bid to win 45.6 billion won ($38.58 million), became an international hit after it launched last month.
In comparison to its estimated net worth, the show cost just $21.4 million to produce, Bloomberg said.
According to the report https://bloom.bg/3lNzxGY, about 132 million had watched at least two minutes of the show in its first 23 days, easily breaking the record set by U.K. costume drama “Bridgerton,” which was streamed by 82 million accounts in its first 28 days.
Netflix had earlier announced the show had amassed 111 million fans, but Bloomberg said those figures were based on slightly older data.
Los Gatos, California-based Netflix estimated that 89% of people who started the show watched more than one episode, the news agency said, and 66% of the viewers finished watching the series in the first 23 days.
Netflix did not immediately respond to Reuters’ request to comment on the report. An attorney for the company told Bloomberg that it would be inappropriate for Bloomberg to disclose the confidential data contained in the documents that it had reviewed.
The series is also the first Korean drama to snatch the top spot on Netflix in the United States, and has even spurred interest among people in learning Korean.
In China, where Netflix is unavailable without a VPN, a Beijing bakery has introduced a Squid Game-themed confection-making challenge in its store.
The show has even drawn positive comments from Amazon Inc founder Jeff Bezos, with the billionaire calling the work “impressive and inspiring.” Amazon’s streaming service Prime Video competes with Netflix.
($1 = 1,182.0700 won)
(Reporting by Shubham Kalia in Bengaluru, Editing by Nick Zieminski)
Bank of England will have to act to contain inflation – Bailey
“Monetary policy cannot solve supply side problems but it will have to act and must do so if we see a risk particularly to medium-term inflation and to medium-term inflation expectations,” Bailey said on Sunday.
“And that’s why we at the Bank of England have signalled, and this is another such signal, that we will have to act,” he said during a panel discussion organised by the Group of 30 consultative group. “But of course that action comes in our monetary policy meetings.”
(Reporting by William Schomberg; Editing by Alex Richardson)
UPDATE: U.S. expected to reopen border November 8, mixed doses eligible – BlackburnNews.com
UPDATE: U.S. expected to reopen border November 8, mixed doses eligible
October 15, 2021 7:25pm
There is word the U.S. will allow fully vaccinated Canadians with mixed doses of the COVID-19 vaccine to enter when the land border reopens to travellers next month.
The Centers for Disease Control and Prevention said early Friday evening that individuals who received doses of two or more different COVID-19 vaccines, including the Astra Zeneca vaccine, will be considered eligible to enter the United States starting in November.
“While CDC has not recommended mixing types of vaccine in a primary series, we recognize that this is increasingly common in other countries so should be accepted for the interpretation of vaccine records,” a statement from the agency read.
Earlier on Friday, a White House official told the Canadian Press on condition of anonymity, since the policy has not yet been made public, that the official reopening date for land borders will be November 8.
However, New York State Congressman Brian Higgins tweeted the date too.
The White House is indicating the U.S. will start allowing vaccinated Canadians to enter the U.S. through land ports of entry beginning on November 8. pic.twitter.com/dlWWZsL1wU
— Brian Higgins (@RepBrianHiggins) October 15, 2021
The Canada Border Services Agency also reminded Canadians what they would need to re-enter the country once land and water border points do open.
Travellers re-entering Canada will have to complete a PCR test within 72 hours of arriving at the border. They will also have to provide proof they are fully vaccinated against COVID-19 using the ArriveCan app.
“Antigen tests, often called ‘rapid tests,’ are not accepted,” said the CBSA statement.
For trips of less than 72 hours, Canadians and those registered under the Indian Act, permanent residents and protected persons can take their PCR test before they leave the country.
“Unvaccinated or partially vaccinated travellers who are eligible to enter Canada must continue to follow pre-arrival, arrival, and Day-8 molecular COVID-19 testing requirements, and quarantine for 14 days,” continued the statement.
Canada reopened its border to American travellers on August 9.
UN envoy says has agreement on drafting new Syrian constitution
Former U.S. President Clinton leaves hospital, will return to New York
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