BMO Capital Markets is establishing a dedicated energy transition group to support clients in their pursuit of opportunities driven by the global economy’s shift in production and consumption of energy.

“BMO is focused on being our clients’ lead partner in their pursuit of energy transition opportunities as they respond to regulatory and stakeholder initiatives related to a net zero future,” Dan Barclay, CEO and group head of BMO Capital Markets, said. “Our energy transition group will accelerate our leadership position as the global economy undergoes structural changes in how energy is produced and consumed.”

The group will accelerate BMO Capital Markets’ participation in the economy’s energy transition by providing knowledge, tools and support, including research from BMO’s Climate Institute, to support the firm’s various industry groups as they engage with clients on their energy transition endeavors. It also will draw on industry sector specialists initially from within BMO’s energy; power utilities and infrastructure; metals and mining; industrials; food, consumer and retail; and sustainable finance groups to provide a spectrum of expertise regarding energy transition developments and opportunities, including those in:

  • Hydrogen
  • Energy transition finance
  • Carbon capture, use and sequestration
  • Renewable power
  • Electric mobility/EVs
  • Nuclear power
  • Nature-based solutions
  • Energy demand-side management
  • Fuel cells
  • Electricity storage
  • Low carbon fuels
  • Energy transition minerals
  • Renewable natural gas
  • Circular economy solutions, including waste-to-value processes

Aaron Engen, vice chair of investment and corporate banking at BMO, will co-head the new group with Jonathan Hackett, managing director and head of sustainable finance at BMO. Both will report to Shane Fildes, managing director and head of investment banking at BMO.

The energy transition group also will include BMO’s existing sustainable finance group, including its sustainable finance advisory and impact investing platforms. BMO’s C$250 million ($207.26 million) impact investing fund will continue with its mandate of investing in companies that are solving sustainability challenges and scaling them.