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Canada's pension plan shouldn’t be a cheerleader for Alberta’s oil and gas industry

Corporate Knights

Graham’s speech also included dubious statements about divestment and the pace of transition away from fossil fuels, claiming that the “global investment community has also changed its tune when it comes to fossil fuel divestment.” This “consensus” is imaginary.

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Phoenix Group: Governments Key to 2030 Climate Goals  

Chris Hall

The asset owner’s carbon footprint is around 24 million tonnes of CO2, according to Dr James Wilde, Chief Sustainability Officer at Phoenix Group – equivalent to 5% of the UK’s emissions or the heating of over eight million homes. It has pledged to decarbonise its £0.3

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CPP Investments Backs Active Engagement on Net Zero Path

Chris Hall

Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. And it isn’t the way that we as active investors have maximised our returns over time.”.

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Transition in Practice

Chris Hall

Richard Manley, Chief Sustainability Officer at CPP Investments, outlines how the pension plan is greening its portfolio by exerting influence in private and public markets. C to prevent catastrophic climate change. “To

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Let the Climate Finance Flow

Chris Hall

For investors, engaging with investee corporates in the transition process has replaced the blunt tool of divestment as a means of decarbonising portfolios. “But to actually implement it, we need to have methodologies in place and a change in approach.”. Engagement ring.

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ESG Today: Week in Review

ESG Today

Million Exec Moves Caterpillar Appoints George Moubayed as Chief Sustainability Officer Reports, Surveys & Studies Climate Tech Investment Falls in Tough Market, But Hits Record Share of VC and PE Funding: PwC 80 Million Kilometers of Grid Investment Needed by 2040 to Meet Global Climate Goals: IEA

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Investors Search for Answers

Chris Hall

Large institutional investors have taken divergent approaches to managing the climate risks in their portfolios, with some pension funds divesting fossil fuel holdings. Nietsch agreed: “Nature issues tend to be so complex and systemic that divestment may have less of an effect than it might for climate. They make the same mistakes.