Major Canadian Bank to Support Renewables

A major Canadian bank has set up the first investment group of its kind by a Canadian financial institution, to invest in sustainable development opportunities.

TORONTO, Ontario, CA, 2001-08-29 [SolarAccess.com] A major Canadian bank has set up the first investment group of its kind by a Canadian financial institution, to invest in sustainable development opportunities. The new investment opportunity has been created by Jones Heward Investment Counsel, a member of the Bank of Montreal Group of Companies. The Bank’s Private Client Group manages total assets of $235 billion. “Investing in companies that are committed to ensuring their activities are compatible with environmental, social and community interests, is an area we feel our clients will be very interested in,” says chairman and CEO Barry Cooper. The Counsel has hired Blair Feltmate and Brian Schofield as co-founders of the new division, who will invest in companies that quantifiably practice sustainable development and long-term creators of shareholder value. Chosen companies are committed to the best environmental and social practices in their industries.
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