Finance
Brookfield Pursues $7.5 Billion Fund Devoted to ‘Net-Zero’ Shift
- ‘The biggest commercial opportunity in the world,’ Carney says
- Canadian firm hired former BoE governor to lead ESG push
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Brookfield Asset Management Inc. plans to raise at least $7.5 billion for a new climate-focused fund, as the Canadian investment firm builds out an ESG business led by former Bank of England Governor Mark Carney.
The Brookfield Global Transition Fund seeks to take advantage of accelerating interest in solutions to the global climate crisis, with a focus on renewable power and other investments that help cut carbon emissions.