For climate’s sake, Canada Pension Plan needs to take a serious look at its investments
by James Rowe, Jessica Dempsey and James Mager | September 9, 2021
The Canada Pension Plan (CPP) manages the pensions of 20 million Canadians. In a recent Corporate Mapping Project report, we found that the CPP has increased the number of shares it owns in fossil fuel companies since Canada signed the Paris Agreement five years ago. The CPP’s total fossil fuel investments across its entire portfolio …
An Insecure Future: Canada’s biggest public pensions are still banking on fossil fuels
by Jessica Dempsey, James Rowe, Katie Reeder, Jack Vincent and Zoë Yunker | August 12, 2021
Two of Canada’s biggest public pension plans could lead the way toward a global transition to a greener, more sustainable economy, but their commitments to climate action may be more talk than walk. The Canada Pension Plan and the Caisse de dépôt et placement du Québec say they are serious about tackling climate change, however they continue …
Canada’s biggest public pension plans still banking on fossil fuels
by Corporate Mapping Project | August 12, 2021
VANCOUVER — The world’s leading authority on climate change says we are headed for catastrophe unless emissions are slashed quickly. Yet, two of Canada’s biggest public pension plans are still banking on fossil fuels, a new Corporate Mapping Project report shows. The Canada Pension Plan Investment Board (CPPIB) and the Caisse de dépôt et placement du …
CPP oil investments on the rise
by James Rowe, Jessica Dempsey and Zoë Yunker | August 12, 2021
From unprecedented droughts to deadly heat waves, climate change is making the present—and all of our futures—less secure. The dream of a tranquil retirement is already being interrupted by nightmares such as the wildfires raging across BC and Alberta this summer. Sadly, the Canada Pension Plan (CPP), which was designed to enhance our retirement security, …
