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Canadian pension funds ignore rapid rise in climate dangers

Corporate Knights

Unlike asset managers such as mutual funds that don’t have long-term financial obligations, pension funds are considered asset owners , and are obligated to match their assets with their long-term liabilities, namely pension payouts to their current and future retirees. C above those levels in July, the hottest month on record. ).

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

Corporate Knights

By standing before the Calgary Chamber of Commerce and pledging our national pension fund’s continued support for the Alberta oil and gas industry, Canada Pension Plan Investment Board (CPPIB) CEO John Graham predictably told Alberta Premier Danielle Smith and her Big Oil allies exactly what they wanted to hear.

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Canadian pension funds are starting to embrace the green transition

Corporate Knights

But it’s not here yet – which is why Corporate Knights is publishing its second annual dashboard measuring the transition-readiness of Canada’s largest investors: its giant pension funds. The new report analyzes 14 funds, which represent more than 50% of Canada’s total pension fund assets. trillion, versus just 7% of $2.1

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Canadian pension funds are making climate promises they’re not backing up

Corporate Knights

Patrick DeRochie is the senior manager for Shift: Action for Pension Wealth and Planet Health. . Canada’s pension beneficiaries are increasingly worried about how their pensions are being invested in the face of a rapidly worsening climate crisis.

Net Zero 329
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Canada’s Pensions Taking Small Steps to Climate Credibility

Chris Hall

But these commitments are just the first steps in a credible climate plan.” The asset owner should now go further by publishing a timeline and plan for the managed phase-out of its existing oil pipeline and fossil gas assets, Shift said. “It’s imperative that pension funds have credible science-based climate plans,” said Scott.

Net Zero 116
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Colorado pension fund loses US$2.7 billion by not divesting from fossil fuels

Corporate Knights

That was one of the conclusions from a new Corporate Knights report that revealed that a Colorado pension fund missed out on an additional US$2.7 Some of Canada’s largest pension funds, such as the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board , continue to finance oil and gas expansion.

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A new year’s resolution for federal pension funds: Stop financing fossil fuels

Corporate Knights

Patrick DeRochie is senior m anager for Shift Action for Pension Wealth and Planet Health, a charitable initiative that works to protect pensions and the climate by bringing together beneficiaries and their pension funds to engage on the climate crisis. . This inconsistency must be addressed.

Net Zero 275