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Originally Posted by Ozy_Flame
Some food for thought: If an APP actually comes to fruition, it will be absolutely telling about what the realities of where the markets are based on their investment portfolio.
Would be interesting to see if the UCP agrees with or attempts to interfere with AIMCo in how much of that portfolio is O/G, coal, renewables, EV companies, and anything that gaslights their ideology.
And if the majority of investments are in things Dani has rallied against, that would be just too perfect.
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AIMco is a signatory to the UN PRI (Principles of Responsible Investing). They have a fiduciary duty to factor in ESG to their investment models and they're not just going to abandon that for Danielle Smith.
The number one principle is that they will incorporate ESG factors into their investment analysis and decision making processes. You can see a full report on their website, and frankly this is the standard for asset managers globally at this point. It's been made very clear to us that if you are not factoring in ESG, you are not meeting the fiduciary standard.
But, despite all my opinions and views about whether we should do an APP here, the reality is that it would be in good hands. AIMco is reputable, and they're going to manage the funds properly.
Just to be clear...just because I think that's the case doesn't mean that this is good plan for the province.