Friday, April 27, 2018

Recent Purchase


     As investors we can benefit by paying attention to trends.   A lot of politicians all over the world believe that climate change is the biggest problem facing the current generation and future generations. On April 22 2016, a lot of the countries signed on to the Paris Agreement.  The Paris Agreement is basically countries agreeing to take serious action on addressing climate change.

       In Canada, the federal liberal government decided to put a price on carbon.  The federal government will put a price on carbon in a province that does not implement their own carbon tax or cap and trade that meets the conditions set out by the federal government.

       In Alberta, the NDP provincial government started a carbon tax on January 1, 2017 at $20 a tonne and increase it $30 a tonne on January 1, 2018. The federal government wants $50 a tonne by 2022 for all provinces.  The carbon tax basically increases the cost of everything such has heating your home, the price of groceries and the price of gasoline.  The Alberta government said the money collected with the carbon tax will go to rebates and for green initiatives.   The Alberta government has recently said the further increases in the carbon tax will go towards general revenues.  

    Is there a way to benefit from the issue of climate change on a world scale as an investor and be paid for it?  In Canada, investors can purchase units in Brookfield Renewables Partners LP.

       Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. The company was founded in 1999 and is based in Hamilton, Bermuda. Brookfield Renewable Partners L.P. is a subsidiary of Brookfield Renewable Partners Limited. (source: Yahoo Finance

   Brookfield Renewable  Partners LP trades on the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbols BEP.UN and BEP respectively.  


   On April 25. I purchased 33 shares of BEP.UN at a cost of $38.48 per share for a total cost of 1274.91 including commissions.  Due to the tax treatment of BEP.UN distributions, I made this purchase in my tax free savings account. The purchase price was near the 52 week low for BEP.UN units.

    BEP.UN pays a quarterly distribution of $0.49 US per share. The dividends will show up in my account as the distribution expressed in Canadian dollars.  Based on the conversion of USD to CAD. at the  time of this writing, my annual dividend/distribution income will be increased by $83.07 to my annual dividend income.

   I do not have time right now to do a write a better report  With utilities it is often better to look at adjusted funds from operations instead of earnings.

  I will update my spreadsheet in early May with this purchase.

Disclosure: Long BEP.UN

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I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.


  1. woot nice purchase! you said you were going to buy them and here you are.

    love the company and renewables in general.

    keep stacking those dividends

    1. Passivecanadian,

      I think this has been one of my better purchases, especially after the mistakes of buying High Liner and Cineplex at I did.

      With the signing of the Paris Agreement, I think BEP.UN will do well for years to come.