abrdn Position Statement – Fossil Fuels - Why is this important for investors

We carefully The issue consider fossil-fuel-related risks and the ability to transition Financial risks related to fossil fuels are becoming to alternatives in our investment decisions. [...] At abrdn, we fully acknowledge climate scenarios1 and the risk of demand destruction and the role of fossil fuels in causing and exacerbating increasing carbon costs, particularly for fossil-fuel-related climate change. [...] To meet the objectives of On the path to that world, we need to transition the Paris Agreement and limit global temperature increase to to a low-carbon economy, in which fossil fuels 1.5°C, unabated coal power generation must be phased out are phased out and replaced with cost-effective by 2030 in the OECD and EU, and by no later than 2040 in the and reliable alternatives. [...] It also provides us with the ability to influence and outline our expectations in relation to alignment with the goals of the Paris Agreement and the PPCA. [...] abrdn Canada Limited is registered as a Portfolio Manager and Exempt Market Dealer in all provinces and territories of Canada as well as an Investment Fund Manager in the provinces of Ontario, Quebec, and Newfoundland and Labrador.