Canada Infrastructure Bank focuses on impact investing amid challenges

The Canada Infrastructure Bank (CIB), with $35 billion in financing, has shifted its focus under CEO Ehren Cory to become an impact investor, funding over 70 projects totaling $35.5 billion. Despite initial struggles, it has recently backed significant initiatives, including Canada’s largest energy-storage project. However, the Conservative Party, leading in polls, has pledged to shut it down, citing past failures and slow project completions.