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Canada oil cut stirs investor worries

Bloomberg While Alberta’s plan to mandate Opec-style production cuts already is boosting oil prices and shares, the revival of Canada’s resource nationalism adds another layer of risk for investors to consider. The removal of millions of barrels of crude from the market will help shareholders of smaller producers who are exempt from the cuts, like Bonterra Energy Corp, as well ...

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Greenworks secures $440mn for clean energy real estate

Bloomberg Greenworks Lending, which provides financing to commercial-property owners working to boost building efficiency, has arranged $440 million in funding for sustainability and clean energy. The deals are in three parts: CarVal Investors committed $250 million to fund new projects, along with a $40 million corporate investment, according to a statement. Greenworks, which finances clean-energy systems through a model called ...

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Nissan directors meet to pick chairman

Bloomberg Nissan Motor Co.’s independent board members were expected to meet on Tuesday to select Carlos Ghosn’s successor as chairman, with their choice to replace the arrested car titan an indicator of the direction the automaker’s alliance with Renault will take. The most likely successors fall on each end of the spectrum: Chief Executive Officer Hiroto Saikawa, who has emerged ...

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