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Glass Lewis Backs Push to Set Emission Caps at Brookfield Units

The Inter Pipeline Heartland Petrochemical Complex under construction in Alberta, Canada last year

The Inter Pipeline Heartland Petrochemical Complex under construction in Alberta, Canada last year

Photographer: Jason Franson/Bloomberg

Shareholder advisory firm Glass Lewis & Co. backed a proposal requiring Brookfield Asset Management Inc. to set emission-reduction targets for some of its subsidiaries that invest in the oil and gas sector. 

The proposal, brought by a shareholder, is aimed at publicly-listed Brookfield Business Partners and Brookfield Infrastructure Partners and will be considered at the Toronto-based firm’s annual general meeting on June 10.