The Investment Page

Divest – Invest

Disclaimer

The following suggestions are meant only to provide readers with a place to start.

At our Global Divestment Day event on February 12, 2015, hosted by OREC, people attending offered these suggestions from their personal experiences in response to 3 questions.

1.      What divested products have you found?

Van City Bank: SRIs

Meritas SRI Funds

Real Estate Investment Trust (REIT)

2.      What self-directed divestment options have you found?

Mackenzie Ivy Foreign Equity Fund (low % of fossil fuels)

Northland Power

Ottawa Renewable Energy Cooperative Inc. (OREC)

Solar Income Fund (Ontario)

SolarShare

ZooShare Biogas Coop

Direct Invesment Services

Alterna Savings Qtrade

Toronto Stock Exchange

Algonquin Power & Utilities Corp (TSE: AQN)

Brookfield Renewable Energy Partners LP (TSE: BEP.UN)

Innergex Renewable Energy Inc (TSE: INE)

New Flyer Industries Inc. (TSE: NFI)

Other

Syndicated Mortgages

 3.      Which financial advisers have you found to be helpful?

You may already have an investment advisor with whom you have developed a good relationship and who is open to talking about investments in renewables, but if you don’t, the following Ottawa investment advisors with a special interest in investing in renewables include:

Tricia K. Spooner, B.Comm
Investment Advisor, CIBC Wood Gundy
555 Legget Drive, Tower B, Suite 1030
Kanata, Ontario, Canada K2K 2X3
Phone: 613 239-2851

John Hastings, MBA
Investment Advisor, RBC Dominion Securities Inc.
45 O’Connor Street, Suite 900
World Exchange Plaza
Ottawa, ON K1P 1A4
Phone: 613-566-2003

Walter Traversy
Investment Advisor, CIBC Wood Gundy
555 Legget Drive, Tower B, Suite 1030
Kanata, Ontario, Canada K2K 2X3
Phone: 613-271-1511

Resources

Market Indexes:

TSX Market Activity now includes:  S&P/TSX Renewable Energy and Clean Technology Index. This index lists 24 companies (constituents) in 5 sectors and notes the top 10 performers.

Fossil Fuel Divestment for Index Investors is a website whose missions is to “… develop a family of fossil free indexes that capture broad markets in the US, in developed markets beyond the US, and in emerging markets”.  Includes:  The Carbon Underground 200 which identifies the top 100 public coal companies globally and the top 100 public oil and gas companies globally, ranked by the potential carbon emissions content of their reported reserves.

ETHO Climate Leadership Index  “Our mission is to build the world’s best fossil free investment solutions by providing superior environmental, social, and financial performance.”

International Index Fund  “The Green Century MSCI International Index Fund seeks to achieve long-term total return that matches the performance of an index comprised of the stocks of foreign companies selected based on environmental, social and governance (ESG) criteria.”

Other resources:

Divestment Guide:  A website providing information on a divestor’s options. 

Trinity St. Paul’s United Church: the story of their journey of divestment of their congregational funds from fossil fuels – a useful tool for faith groups and others.

Alternative Investment: –  a website that provides an excellent overview for those wishing to divest from fossil fuels and invest in renewables.

Tim Nash (sustainable economist)

4 Ways to Invest in the Low-Carbon Economy

No Fuel Costs: The Sexy Seduction of Renewables

Fossil Free Funds – A Webinar that launches a tool for finding out what fossil fuel companies your mutual fund is invested in.   It’s a powerful addition to your investment decision-making strategies.

Black Rock – serving clients from nearly every corner of the globe.   In particular, consider:  iShares MSCI ACWI Low Carbon Target ETF where they seek to maintain global stock exposure while reducing the carbon footprint of an investment portfolio.   Their article, ‘Adapting portfolios to climate change‘, provides a useful perspective for investors looking to divest from fossil fuels.

Extracting Fossil Fuels From Your Portfolio, a guide developed by Green Century Funds

Current report (September 2016) from Genus Fossil Free Investing

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