A new Hamilton Community Foundation impact investment in a renewable natural gas project will help reduce carbon emissions by approximately 110,000 tonnes over the next 15 years.
The project, led by Oakville-based BerQ RNG, will use refining equipment to create renewable gas from organic waste. Like-minded investors The Atmospheric Fund, Verge, and London Community Foundation are also partners in the project.
HCF’s investment reflects an interest in projects that have the potential to be catalytic. BerQ RNG has six additional projects in the works that will result in an estimated 944,000-tonne reduction in carbon emissions. The project could also help to advance effective climate policy by demonstrating the commercial benefits of renewable natural gas over fossil gas.
“This investment exemplifies how we continue to use our assets not only to provide strong financial returns to support our grants to charities, but also to support positive environmental change,” says Annette Aquin, Executive VP Finance & Operations at HCF.
Excert from 2019 Fall Legacy newsletter