Brookfield Asset Management has secured up to $4B in commitments from a new UAE investor for two of its global energy transition and climate funds. The Brookfield funds plan to deploy over $27B to climate and decarbonization initiatives.
Brookfield Properties plans to power its entire 70-million-square-foot U.S. office portfolio utilizing only zero-emissions electricity by 2026. More than 65 per cent of its office space will make the transition by 2024, the firm announced Wednesday.
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