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A watchdog group is praising an Ontario public pension fund manager for promising to phase out new fossil fuel investments, but still accusing it of using “weasel words” for some of the details in the plan.
The boards of Canada’s largest pension funds are already inundated with fossil fuel connections and the Ontario Teachers’ Pension Plan is about to add a former executive with ongoing ties to the industry to the mix.
The Investment Management Corp. of Ontario is revealing interim carbon reduction targets for 2030. The investment organization is planning to halve its $79 billion portfolio’s scope 1 and scope 2 emissions from 2019 levels by 2030. It’s also aiming for investments in climate solutions to account for 20 per cent of its assets by the […]
With a goal of reaching net-zero by 2040, the University Pension Plan Ontario has catapulted itself to a position of climate leadership, advocates say.
The British Columbia Investment Management Corporation holds a total of $199.6 billion in managed assets and oversees retirement savings for the province's teachers, nurses, municipal workers and other government workers, according to its site.