The Caisse de dépôt et placement du Québec had committed to fully divest its oil and gas assets by the end of last year. The Quebec fund manager’s holdings in the sector amounted to about 0.05 per cent of its total assets as of Dec. 31, 2022. (The Logic)

Talking point: CDPQ, which manages $402 billion in assets, said in a report Monday that its exit from the sector “is essentially completed.” It said it has a single investment left in the sector, though did not disclose the holding. La Presse reported the shares were held through a private placement, making them harder to liquidate than shares on public markets. Since announcing its divestment plans in September 2021, CDPQ has offloaded about $2.8 billion in resource giants including Total, Suncor, Exxon and Canadian Natural Resources.