Listen Live

HomeNewsCreston NewsCBT to alter investment policy

CBT to alter investment policy

The Columbia Basin Trust has been discussing policy with the RDCK on 2 key elements.

One is a change to their investment program.

This will see less focus on annual financial return in cases where the community benefits could be job creation, environmental or social.

CEO Neil Muth says such ventures could include investing in equity or business loans.

- Advertisement -

But this won’t apply to all investments.

Meanwhile Chairman Greg Deck continues to be asked why the trust can’t help pay to get small water systems into public health compliance.

But he says these systems still fall under local government infrastructure.

The RDCK has stopped taking on small water systems as they don’t have the staff to maintain and monitor them all.

- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading