Pipelines Are About to Join the ESG Trend, National Bank Says

(Bloomberg) — Pipeline and midstream energy companies may be about to join the sustainable investment trend.The sector has often been a target of environmental opposition, but their “impressive” safety track records and relatively low environmental footprints could make them a focus for investors who favor environmental, social and governance factors, according to National Bank of Canada.Enbridge Inc. and TC Energy Corp. topped National Bank’s pipeline-ESG ranking, with Inter Pipeline Ltd garnering a positive mention. Compared to power and utility companies, the group has to do a lot of work to develop sustainability reports and targets but that provides an attractive …read more

Source:: Yahoo Finance

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