Insight, Brookfield and Canada Pension Plan Back Carbon Tracker Project Canary

Wall Street Journal
By Luis Garcia Feb. 24, 2022 7:00 am ET

Insight Partners, Brookfield Asset Management Inc. and Canada Pension Plan Investment Board have backed a $111 million investment in carbon emission-monitoring company Project Canary PBC.

Carica Sustainable Investments, an affiliate of the family office of former Blackstone Inc. executive vice chairmanHamilton James, also invested in the…

About Project Canary

Project Canary is a SaaS-based data analytics company focused on accurate corporate climate ESG data for emission-intensive industrial companies. We are the leaders in holistic environmental assessments (air, water, land, and community). Project Canary scores responsible operations, delivering independent emission profiles via high-fidelity continuous monitoring technology to provide actionable environmental performance data. Our sensor portfolio includes high-fidelity spectroscopy-based methane detection and emissions quantification for the oil and gas sectors, plus Aeris Technologies’ laser-based gas analyzers covering other emissions, including ethane, nitrous oxide, formaldehyde, ethylene oxide, benzene, and more. Formed as a Public Benefit Corporation, Project Canary’s Denver-based team of scientists, engineers, and seasoned industry operators identify and quantify areas to reduce emissions.

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