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Alberta Investment Management Corp. sets up $1B fund to invest in energy transition

Alberta Investment Management Corp. sets up $1B fund to invest in energy transition
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The Alberta Investment Management Corp. has set up a new $1-billion fund dedicated to investing in the global energy transition and decarbonization sectors.

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The investment manager says the money represents new capital and investments made through the fund will be in addition to its other climate-related investments across asset classes.

AIMCo chief investment officer Marlene Puffer says it has been strategically evaluating climate change risks and opportunities for the last decade and the organization has a strong track record of making investments in the energy transition space.


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AIMCo says the new fund will look to offer exposure to a range of energy transition opportunities such as industrial decarbonization, carbon capture and sequestration.

Other areas could include renewable fuels, low-carbon renewable energy production and related technologies and electrification, storage and energy efficiency.

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AIMCo invests on behalf of pension, endowment, insurance and government funds in Alberta and has more than $158 billion in assets under management.

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