To invest or not to invest... / Investir ou ne pas investir...

Voir français ci-dessous

That is the question members of the EIG Equities Trading Committee asked themselves when a proposal to invest in Brookfield Asset Management (BAM) obtained marginal approval from EIG members following a lively discussion on fossil fuels (see previous post, Fossil fuels: divestment vs transition). While the vote on BAM led to a positive average score of +0.34 (scoring options from +2 to -2) meaning approval in principle, it also garnered one veto, with many members weighing in, expressing concerns in their comments about the appropriateness of such an investment for EIG. Happy to see so many members engaged with investment decisions in this way, the committee gave serious thought to their opinions and ultimately decided not to invest in BAM at this time.

Seeing our investment $$ at work

The great thing about investing locally is being able to see first-hand how our investment dollars help a community improve its quality of life. EIG members had this experience recently on the occasion of a return visit to Bâtiment 7, a project owned by the non-profit Collectif 7 à Nous, in Pointe-St-Charles. Bâtiment 7 is a 90,000 square-foot former CNR maintenance building progressively being converted into a shared community space.