Earlier we heard about Brookfield from an opposition MP. It's really their go-to buzzword. I'm hearing it a lot these days. I also find it funny, this obsession by the Conservatives with Brookfield. Did you know that it appears that the Leader of the Opposition himself owns an exchange-traded fund called VCN, or Vanguard All Cap? Ironically enough, one of their top 10 holdings is Brookfield. Is the Leader of the Opposition himself invested in Brookfield? When I'm hearing this buzzword over and over, it makes me ask myself these questions.
Mr. Leuprecht, you touched on global investments, which I wanted to follow up on. The International Energy Agency, the IEA, released a world energy investment report a couple of weeks back. Global energy investments for this year are set to reach about $3.4 trillion. About $2.2 trillion of that is expected to flow into clean energy. That includes renewables, nuclear, grids, storage, energy efficiency and, generally speaking, electrification. Of that $3.4 trillion, about $1.2 trillion is going to oil, gas and coal.
About two-thirds of global investments in energy are going toward clean energy, if the IEA is correct, and one-third is going into conventional energy for this year. It appears that clean energy is set to double conventional energy.
I'm curious, Mr. Leuprecht. What do you make of this assessment by the IEA?