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BMO Announces Plan to Partner With Breakthrough Energy Catalyst to Accelerate Climate Innovation

BMO intends to commit $50 Million over five years and provide extensive project finance capabilities and energy transition expertise
First Canadian company to announce a partnership with Breakthrough Energy Catalyst

TORONTO, Jan. 30, 2022 /CNW/ –¬†As part of its commitment to a sustainable future, BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced its plan to join Breakthrough Energy Catalyst and its philanthropic and private sector partners to accelerate clean technologies and climate solutions that are critical to getting the world to net zero carbon emissions by 2050.

“We’re excited by the opportunity to be the first Canadian company to join Breakthrough Energy Catalyst, whose mandate strongly aligns with BMO’s Purpose to Boldly Grow the Good in business and life, and our commitment to mobilizing capital for a sustainable future,” said Darryl White, CEO, BMO Financial Group. “We look forward to applying our extensive project finance and energy transition expertise to the acceleration of climate innovation critical to helping the economy, and our clients, make progress in the transition to a net-zero world.”

“Getting to net-zero is going to take a global effort to find and support innovative climate technologies, which can be expensive to adapt and scale,” said Jonathan Hackett, Head of Sustainable Finance and Co-Head, Energy Transition Group, BMO Financial Group. “BMO is particularly suited to this challenge given …

Full story available on Benzinga.com

Original Article: benzinga.com

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