CIBC has become the first major Canadian bank to form an investment team focused on green energy and clean technology markets, forging a path that industry experts say is likely to be followed by its big-bank rivals. Canada’s fifth-largest bank announced Tuesday that it has appointed Don Roberts, a former managing director and forestry analyst at CIBC World Markets Inc., as vice-chairman of the new wholesale banking team. Roberts told the Star the decision sends a clear signal to the market and internally at the bank that renewable energy and clean technologies are more than a passing investment fad.
Opinion:
It’s very cool how CIBC is trying out new things by utilizing their resources to take full advantage of their opportunity. With this plan CIBC is planning to launch things like solar and wind projects to water technologies to biochemical production.
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