Certain Desjardins funds to stop investing in fossil fuels

By Staff | March 26, 2020 | Last updated on March 26, 2020
1 min read
Gas flaring. Torch against the sky.
© Leonid Ikan / 123RF Stock Photo

Desjardins Investments Inc. is excluding fossil fuels from the investing policy of certain funds, the Montreal-based firm said in a release on Thursday.

Effective April 1, the Desjardins Funds’ SocieTerra line will stop investing in companies for which fossil fuels represent a large part of activities. These include the extraction, production or pipeline transportation of oil and gas; coal mining; and coal-fired electricity generation, the release said.

The SocieTerra line includes the Desjardins SocieTerra funds and the SocieTerra portfolios.

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.