Start Replacing Oil in Portfolios

Horizons ETFs Nick Piquard thinks that in the long-term, the sector may not be able to realise as much value from these assets as once thought possible.

Ruth Saldanha 17 August, 2021 | 2:00AM
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Ruth Saldanha: Earlier this week the UN Climate Panel said that greenhouse gas levels in the atmosphere are high enough to guarantee climate disruption for decades if not centuries. UN Secretary General Antonio Guterres called it a code red for humanity and said that the report must sound a death knell for coal and fossil fuels before they destroy our planet. What does this mean for Canadian oil and gas stocks, especially as our energy sector accounts for a significant percent of both our economy and GDP? Nick Piquard, VP and Portfolio Manager at Horizons ETFs thinks that investors should start exiting fossil fuels in their portfolios and replace them with alternative assets. He's here today to tell us why. Nick, thank you so much for being here today.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Enbridge Inc50.85 CAD0.00Rating
Suncor Energy Inc24.75 CAD-0.12

About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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