Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Carney’s Brookfield acquires National Grid renewables in £1.3bn net zero push

by February 24, 2025
February 24, 2025
Carney’s Brookfield acquires National Grid renewables in £1.3bn net zero push

Mark Carney’s investment vehicle Brookfield has struck a deal to acquire National Grid’s renewables arm for $1.7bn (£1.3bn), bolstering the former Bank of England governor’s credentials as he campaigns to become Canada’s next prime minister.

The Canadian asset manager, which Mr Carney chairs, expects to complete the takeover by the end of September. Its swoop on National Grid Renewables in the US follows Brookfield’s recent $10bn fundraising for an eco-focused investment fund.

National Grid, the FTSE 100 company that operates much of Britain’s electricity system, is offloading non-core assets to concentrate on infrastructure over energy generation. It has already announced plans to invest £35bn in electricity transmission through to 2031 and a total of £60bn in networks by the end of the decade, encompassing operations in both the UK and the US. The group has also put its UK LNG terminal at Grain on the market.

Mr Carney, 59, hopes to succeed Justin Trudeau as leader of Canada’s Liberal Party in the March 9 contest. If he wins, he will lead his party into a general election that must take place by late October. He has been a vocal advocate of climate-friendly policies, arguing that “there is money to be made” in the shift to net zero, and has criticised former UK prime minister Rishi Sunak’s environmental stance.

Yet Mr Carney may face renewed pressure from Donald Trump’s White House on net zero targets. Mr Trump returned to office on a pledge to “drill, baby, drill,” ramping up domestic oil production and withdrawing the US from international climate accords. America’s new energy secretary, Chris Wright, last week denounced Britain’s ambition to reach net zero by 2050 as “sinister,” insisting it has driven up household bills and made manufacturing unviable.

Mr Carney was previously criticised for publicly endorsing Chancellor Rachel Reeves in the UK’s recent general election. Now, though, attention is focused on his political ambitions in Canada and how Brookfield’s sweeping renewables deal might reinforce his green agenda on the global stage.

Read more:
Carney’s Brookfield acquires National Grid renewables in £1.3bn net zero push

0
FacebookTwitterGoogle +Pinterest
previous post
Mcdonald’s keeps DEI on the menu in Britain despite trump’s rollback in the US
next post
Just Eat snapped up at a fraction of its pandemic peak as appetite for takeaways wanes

You may also like

China retaliates against EU tariffs with brandy tax

October 9, 2024

New HMRC figures show EIS investment grew 39%...

May 17, 2023

Twinco Capital raises $12M led to expand next-gen...

February 8, 2023

5 Tips for Managing Change in the Workplace

June 10, 2024

Jacob Rees-Mogg to receive £500,000 in fund dividend

January 9, 2023

Chancellor needs to stop relying on selling futures...

January 29, 2025

Reasons Your Business Should Invest in a Telecom...

December 23, 2022

Fraud on the rise as cost of living...

August 5, 2022

Will HMRC ever be able to deliver Making...

December 21, 2022

Co-operative Bank looking for buyer amid profits slide

November 9, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Biden only hand-signed one pardon during final spree, and it was his most controversial one

      June 5, 2025
    • GOP bill takes aim at Congress’ ‘no rules apply’ emergency spending

      June 5, 2025
    • White House highlights Pelosi hypocrisy after Schiff demands Trump admin financial, ethics docs

      June 5, 2025
    • Musk says Trump would have lost 2024 election without him as ‘Big, Beautiful Bill’ feud continues

      June 5, 2025
    • Ex-Biden advisor calls Jean-Pierre ‘kinda dumb,’ deletes tweet, says she’s not a ‘genius-level Black woman’

      June 5, 2025
    • Harmony Squad: Supreme Court Issues Six Unanimous Decisions

      June 5, 2025

    Categories

    • Business (8,149)
    • Investing (2,011)
    • Politics (15,538)
    • Stocks (3,128)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved