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Ex-BOE Governor Mark Carney’s Fund Raises $15 Billion for Energy Transition

  • Brookfield to invest in businesses that reduce emissions
  • Renewable power still attractive as fossil-fuel prices soar
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Mark Carney on Central Banks, Rate Hikes, Net Zero

Brookfield Asset Management raised $15 billion for a fund dedicated to investing in the global transition away from fossil fuels, creating what it calls the largest private vehicle of its kind.

The Brookfield Global Transition Fund is headed by Mark Carney, former governor of the Bank of England and the Bank of Canada, and Connor Teskey, the chief executive officer of Brookfield Renewable. It will invest in solar power and other technologies that reduce greenhouse-gas emissions.