The Alberta Investment Management Corporation said Thursday that its new Energy Transition Opportunities Pool will invest in sectors like carbon capture, renewable fuels, sustainable energy production and electrification. (The Logic)

Talking point: The fund will be for new investments, on top of any existing cleantech spending. But AIMCo, which manages over $158 billion in assets on behalf of pension, endowment, insurance and government funds within the province, said its team will evaluate climate risk for both new and existing investments. Unlike other Canadian pension funds that have pledged to divest from oil and gas, chief investment officer Marlene Puffer told The Globe and Mail that AIMCo is still keeping high-emitting investments in its portfolio in order to push them to be greener. Last week, CEO Evan Siddall said AIMCo would be open to backing oil projects like the Trans Mountain pipeline.