Green Throne

In our last newsletter, we highlighted some of the big sustainability commitments large corporations have been making. Over the course of the past weeks, governments around the globe have followed suit. Most strikingly, China has announced that it aims to become carbon neutral by 2060, potentially mitigating a rise in global temperatures of 0.2 to 0.4 C. In last week’s Speech from the Throne, Canada’s federal government committed to making climate action a central part of Canada’s COVID-19 recovery strategy, demonstrating Canada’s leadership in rebuilding a more sustainable global economy. The strong commitments made were influenced by the final report produced by the Taskforce for a Resilient Recovery. The Taskforce was comprised of 15 leaders in clean energy and investments, including a few friends of our fund!  These commitments are indicative of strong government and regulatory tailwinds that we can expect will accelerate in the future, to the benefit of our portfolio companies. Private and public markets have already started rewarding companies with small carbon footprints with higher valuations. Our job is to make sure that dollars go to the right solutions that improve environmental sustainability, scale profitably and utilize these tailwinds to increase velocity. 

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