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The latest Market Talks covering ESG Impact Investing. Published exclusively on Dow Jones Newswires at 10:00 ET and 17:00 ET.
1457 ET – Brookfield is seeking to buy polluting businesses and help them reduce carbon emissions even as it invests billions of dollars in clean-energy companies, Natalie Adomait, a managing partner at the infrastructure investment firm, says during a conference. She cites the $12.4B take-private of Australian utility company Origin Energy, which operates a large coal-fired power plant, by Brookfield and three other investors. “The goal will be to reduce emissions by actually shutting down [Origin’s] coal plant, while working with [Australia’s] government and regulators to make sure that we’re building renewables,” she says. Brookfield as of December had invested roughly half of its first, $15B energy-transition fund, Adomait adds. (luis.garcia@wsj.com; @lhgarcia)
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