Announced
Financials
Tags
energy-transition technologies
Canada
Environmental Consulting
Acquisition
Domestic
Private
Minority
Private Equity
Pending
Friendly
Synopsis
Brookfield Asset Management, an alternative investment management company, Canada Growth Fund, a public investment vehicle, and Advantage Energy, an oil and gas company, agreed to invest in Entropy, a developer of technologically-advanced carbon capture and sequestration projects. Financial terms were not disclosed. "With its abundance of natural resources, access to high-quality geological storage, and sophisticated engineering know-how, Canada is the best place in the world to build a CCS industry. The CGF Investment Management team is pleased to deliver this inaugural transaction in Alberta's carbon market, and we look forward to putting additional capital to work across Canada in the months ahead," Patrick Charbonneau, CGF Investment Management President and CEO.
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