Post says Aecon well positioned for climate contracts
2023-09-20 09:23 ET - In the News
The Financial Post reports in its Wednesday edition that climate resilience has emerged as a key theme shaping government policies and transforming markets. Guest columnist Aman Budhwar writes that a recent report by Blackrock Investment Institute estimates extreme weather -- the fires, hurricanes, floods, and tornadoes that have been front-page news all summer -- could clip more than 5 per cent from economic activity by 2050, even as the low-carbon transition evolves. Current and future investment decisions need to factor in the various effects of policy, production, consumption patterns and capital allocation during the transition to a low-carbon world. Many companies are poised to benefit from the clean energy transition and some of them are in Canada. Mr. Budhwar notes, for example, that Aecon Group is positioned to harness opportunities from the transition to a net-zero economy. Sixty per cent of its revenue in 2022 was tied to sustainability projects, including utilities (grid modernization, energy storage), civil and industrial (water distribution and management, hydroelectricity), nuclear (small modular reactors, refurbishment and decommissioning), and urban transport (light rail, high-speed rail).