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TORONTO, May 28, 2021 (GLOBE NEWSWIRE) Wine Rack workers, members of SEIU Local 2, gathered outside of the Ontario Teachers’ Pension Plan offices, to call on OTPP to take immediate action.
The workers, who are in bargaining with Wine Rack, say these are not “negotiations as usual.”
“We are under attack by Wine Rack,” said Radha Bhagat, who works at a store in downtown Toronto.
What might come as a surprise to some, is
who owns the company: The Ontario Teachers’ Pension Plan, through one of its holdings, Arterra Wines Canada.
Some teachers are already voicing their support for the Wine Rack workers and are calling on their colleagues to do the same.
Canada’s top pension funds boost investments in high-carbon oil sands
Canada’s biggest pension managers boosted their investments in the country’s major oil sands companies in the first quarter of 2021, raising questions about the funds’ recent commitments to greening their portfolios.
The cumulative investment by the country’s top five pension funds into the U.S.-listed shares of Canada’s top four oil sands producers jumped to $2.4 billion in the first quarter of 2021, up 147% from a year ago, a Reuters analysis of U.S. 13-F filings show. Much of that increase, which bucked a declining trend since 2018, came from rising prices of shares already owned, but the funds also purchased more shares.