Climate Transformed Ventures (CTV) is a methane infrastructure and origination platform company that leverages government funding and private capital to cap orphaned oil wells across the United States and Canada.

An orphaned oil well has no solvent owner of record, leaving the responsibility of capping in the hands of state and federal governments.

The EPA estimates that there are up to 3.7 million orphaned wells in North America, with the estimated cost to cap them ranging from $200bn- $300bn.

There is only $4.7bn allocated by the US Federal Government under the Infrastructure Investment and Jobs Act (IIJA).

This is the first phase of a multi-decade solution that will require the extensive deployment of private capital

Brooke Tucker-Reid

Global Head of ESG Strategy & Reporting


As Global Head of ESG Strategy & Reporting, Brooke Tucker-Reid leads Manulife’s global ESG reporting and disclosure strategy and strategic initiatives such as target setting and the company’s internal ESG governance structure, as well as oversight for its sustainability communications strategy.

Supported by a team of phenomenal professionals, this work includes managing the annual ESG Report informed by several voluntary reporting frameworks (i.e. SASB, TCFD, GRI), ESG performance data, reporting and data governance, policy and position statement development, and responses to ESG rating agencies. Previous to her current role, Brooke led impact-related external communications for eight years on Manulife’s Global Communications team.

Brooke has also held communications positions at Rogers Communications Inc. and Fairmont Hotels and Resorts. She holds an honours B.A. from the University of Toronto in Journalism. She is also a member of the IFRS Foundation’s ISSB Technical Working Group.   

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February 1, 2023

A Canadian Life and Health Insurer’s Perspective
Decarbonization of Asset Ownership

Manulife is our case study on how insurance companies align their investment strategies with climate-related goals and integrate climate-related risks into their underwriting and risk management practices. The reporting requirements are onerous, and Manulife’s Head of ESG Strategy and Reporting, Brooke Tucker-Reid, walks us through the complexity and toward the thought-leading change stemming from the insurance industry,

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