yet was sold 15 years later to Rogers for just $25 million. In February 2021, Mark Carney, Vice Chairman and Head of Impact Investing and ex Governor of the Bank of England, had to retract an earlier claim that the $600 billion Brookfield Asset Management portfolio was carbon neutral. He based his claim on the fact that Brookfield has a large renewable energy portfolio and "all the avoided emissions that come with that". The claim was criticized as an accounting trick, as avoided emissions do not counteract the emissions from investments in coal and other fossil fuels responsible for a carbon footprint of about 5,200 metric tons of carbon dioxide. The company is actually aiming to be net-zero by 2050, which is decades behind leading companies. Finances For the fiscal year 2018, Brookfield Asset Management reported earnings of US$3.584 billion, with an annual revenue of $56.771 billion, an increase of 39.2% over the previous fiscal cycle. Brookfield Asset Management's shares traded at over $38 per share, and its market capitalization was valued at over $40.8 billion in November 2018. See also Edper Investments, the Bronfman holding company that controlled Brascan from 1979 to 1993 List of real estate companies of Canada References External links Financial services companies established in 1899 Companies listed on the Toronto Stock Exchange S&P/TSX 60 Companies based in Toronto Multinational companies headquartered in Canada Real estate companies of Canada