Mackenzie Financial Corp. has partnered with energy provider Bullfrog Power to offset the natural gas consumed by one of its Toronto offices with “green” natural gas.
The two firms announced a deal Monday that will see Bullfrog Power match the amount of conventional natural gas used by the Toronto office of Mackenzie Investments with its “green” natural gas. Bullfrog’s alternative to conventional natural gas utilizes biogas that is captured from a landfill, and injected into the natural gas pipeline, displacing conventional gas and reducing carbon emissions.
Mackenzie says that the arrangement is part of a broader initiative by its parent company, IGM Financial Inc. (TSX:IGM). Last week, IGM subsidiary, Investors Group also announced a deal to match the gas consumption its Winnipeg head office with Bullfrog’s green natural gas.
Numerous other financial firms also have deals with Bullfrog to utilize its green power for certain aspects of their operations, including BMO, RBC, CIBC, Manulife, and NEI Investments.
“We believe taking care of the environment is right thing to do for future generations,” said Jeff Carney, president and CEO of Mackenzie Investments. “Incorporating environmental considerations into our business decisions makes our business stronger and by partnering with Bullfrog Power we are taking our environmental responsibility to a new level.”
“Bullfrog Power is proud to partner with Mackenzie Investments on their latest sustainability initiative,” said Peter Melanson, CEO, Bullfrog Power. “And by choosing green energy, Mackenzie Investments is reducing its own environmental impact while helping to support the development of new renewable energy projects across Canada.”