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Since the Paris Agreement, Canada Pension Plan has increased investments in fossil fuels: report

Since the Paris Agreement, Canada Pension Plan has increased investments in fossil fuels: report
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At least $23 billion spent supporting pipelines since 2018

International Institute for Sustainable Development policy adviser Vanessa Corkal with documents obtained through access to information. Photo courtesy of IISD Listen to article Since 2018, governments in Canada have pumped at least $23 billion worth of support into three megaproject pipelines designed to move giant amounts of oil and gas to international markets, undermining Ottawa’s commitment to lower greenhouse gas emissions, says a new report from the International Institute for Sustainable Development (IISD). Those pipelines are Trans Mountain, Coastal GasLink, and Keystone XL. The IISD found that since the COVID-19 pandemic hit, governments supplied those projects with at least $10 billion worth of support.

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