The Toronto-based asset manager’s sustainability arm is teaming up with U.S. investment firm Closed Loop Partners to form Circular Services—a merger of five companies in the Closed Loop portfolio. The entity will manage recycling for seven U.S. states. (Bloomberg)
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The Toronto-based asset manager’s sustainability arm is teaming up with U.S. investment firm Closed Loop Partners to form Circular Services—a merger of five companies in the Closed Loop portfolio. The entity will manage recycling for seven U.S. states. (Bloomberg)
Talking point: Brookfield has so far invested US$200 million for a minority stake in Circular Services and has committed up to another US$500 million to help the firm pursue growth opportunities. It’s the latest in a string of investments through Brookfield’s US$15-billion Global Transition Fund, co-led by former Bank of Canada and Bank of England governor Mark Carney. Carney has been a staunch proponent of diverting investments into assets that will curb carbon emissions as a key strategy for limiting global warming.
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