- IFM Investors Pledges to Cut Carbon Emissions by Its Portfolio Companies
- Editorial: Canadians Who Once Paid to Use Roads and Need to Start Paying Again
- These are just some of the toll industry developments TRN is following.
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IFM Investors Pledges to Cut Carbon Emissions by Its Portfolio Companies
Bloomberg reports, “One of Australia’s biggest infrastructure investors” — IFM Investors Pty. (the major stakeholder in the Indiana Toll Road Concession) — “has pledged to cut carbon emissions across its portfolio of airports, toll roads and electricity assets in the nation by about 10%, as the pensions industry steps up its commitment to tackling climate change. . . . The Melbourne-based firm, which is owned by 27 pension funds, intends to implement a similar program across it’s global portfolio and announce a set of targets by late next year, according to Chris Newton, IFM’s executive director for responsible investment.” The article notes that Australian pension fund managers are increasing their pressure on companies to curb emissions.
Australia Environmental Protection Policies Procedures And Initiatives IFM Investors Indiana Toll Road Concession Company (ITRCC)Editorial: Canadians Who Once Paid to Use Roads and Need to Start Paying Again
The Globe and Mail editorial board observes, the advent of electronic tolling technology “should have allowed the shifting of road costs off government books, thereby freeing up billions of dollars a year in tax revenue for more pressing public issues. . . . That hasn’t happened and the reason isn’t economics. It’s politics.” The editors suggest it’s time for the Canadian public and politicians to open their minds to users paying a greater share of the costs of the “fiscal elephant” that is the country’s public highway system.
AET (All-Electronic Tolling) Canada OntarioThese are just some of the toll industry developments TRN is following.
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