Skip to content
Green
Finance

Transition Bond to Help Heavy Polluters Coming Along in Canada

  • EDC to engage with investors before deciding on potential deal
  • Social, sustainable debt may be issued before transition bonds
Technicians inspect the direct air capture system at the Carbon Engineering Ltd. pilot facility in Squamish, British Columbia, Canada, on Monday, Nov. 4, 2019.

Technicians inspect the direct air capture system at the Carbon Engineering Ltd. pilot facility in Squamish, British Columbia, Canada, on Monday, Nov. 4, 2019.

Photographer: James MacDonald/Bloomberg

Export Development Canada is engaging investors about how a potential transition bond should look as the federal agency works to help companies operating in high pollution industries such as oil & gas reduce their carbon footprint.

“We’d like to be a leader in that space, but before doing that, I think you need to have some discussions with investors,” Sue Love, EDC’s treasurer said in an interview. “What is it that they need to see in reporting? What are the types of things that they deem acceptable, in order to develop this market responsibly.”