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TORONTO — The fund manager for the Canada Pension Plan has committed to make its portfolio net zero by 2050 but said it would not be making any blanket divestments.
The Canada Pension Plan Investment Board, operating as CPP Investments, said Thursday it plans to achieve the goal while continuing to invest in the whole economy, and will push for an economic transition to a lower carbon economy as an active investor.
A Canadian charitable initiative is criticizing the Canada Pension Plan Investment Board’s new environmental investing strategy. “It’s encouraging to see that the CPPIB wants to invest in critical decarbonization pathways for hard-to-abate sectors,” wrote Patrick DeRochie (pictured), senior manager at Shift Action for Pension Wealth and Planet Health, in an email to the Canadian Investment Review. “But the CPP […]
A new report reveals that major Canadian oil and gas producers undercut Canada’s commitment to 1.5ºC — despite their claims otherwise.
The climate plans of major oil and gas companies operating in Canada rank among the worst worldwide.