TORONTO – The Atmospheric Fund (TAF) welcomes the naming of its VP for Impact Investing, Tim Stoate, to the board of the newly formed Green Ontario Fund. The announcement was made today by Ontario’s Minister of Environment and Climate Change Chris Ballard.
“The Green Ontario Fund is a crucial complement to ongoing climate action by TAF and as it helps homeowners and businesses bring down their carbon emissions,” TAF VP Tim Stoate said. “I’m honoured to join the Green Ontario Fund’s board and bring in my impact investing and experience in incubating low-carbon solutions.”
Tim joined TAF in 2007 and has over 30 years of banking and business experience under this belt. His development of innovative financing strategies, including a specialized loan for new condo construction and the non-debt Energy Savings Performance Agreement (ESPA™) for energy efficiency retrofits has been recognized with awards from Scotiabank, the Financial Times/International Finance Corporation, Clean50 and others.
“I’m honoured to be leveraging The Atmospheric Fund’s focus on incubating low-carbon solutions and my impact investing expertise to benefit the Green Ontario Fund,” said Stoate. “We need to maximize the impact of this key province-wide vehicle to help homeowners, institutions and businesses achieve energy savings and carbon reductions on a large scale.”
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Founded in 1991, The Atmospheric Fund (TAF) invests in urban low-carbon solutions in the Greater Toronto and Hamilton Area to reduce carbon emissions and air pollution. TAF is supported by dedicated endowment funds provided by the City of Toronto (1991) and the Province of Ontario (2016). For more information about TAF, please visit taf.ca.
Tim Ehlich, Communications Manager, The Atmospheric Fund, 647-468-3641 (cell) or firstname.lastname@example.org