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Shift’s ED Adam Scott writes with Matt Price, ED of Investors for Paris Compliance, that major investors will find it increasingly difficult to meet their net-zero commitments while continuing to finance Canadian oil and gas expansion. https://t.co/CnAHulSs4G
Climate change poses systemic, existential risks to our pensions and our retirement security. Register now and join us on April 2nd! https://t.co/SkYuLanAKG
On Wednesday, April 2nd, from 12:00-1:00 p.m. ET, we invite you to join us for an online presentation of key insights from Shift's annual Canadian Pension Climate Report Card. https://t.co/iNtKfLPayD
In this engaging online session, we’ll dive into the report card's findings, outline the critical steps pension funds must take on climate, showcase promising examples from Canadian and international funds, and call on Canadian pension managers to take a climate leadership role.
While Canadians boo the American anthem at hockey games, boycott American products, and cling to their jobs in the face of President Trump’s tariffs, the Canada Pension Plan Investment Board @cppib is using our national retirement fund to invest in oil, gas & pipelines in the US.
This winter, as the Trump administration takes a wrecking ball to U.S. climate policy and pledges to “drill, baby, drill”, CPPIB reported that it invested US$807 million in fossil fuel expansion in the U.S. in the final quarter of 2024.
For all the details, read Shift’s detailed analysis of CPPIB in our 2024 Canadian Pension Climate Report Card, which includes a special section on “CPPIB’s Fundamentally Flawed Decarbonization Thesis for Fossil Fuels.” https://t.co/TLzjfCL782
The Canada Pension Plan Investment Board @cppib (CPPIB) earned an overall C-minus in Shift’s Canadian Pension Climate Report Card, placing it toward the bottom of the pack of Canadian pension funds on its approach to the climate crisis.
Despite having a growing team of smart, dedicated sustainability staff with the most sophisticated climate risk analysis tools at their fingertips, CPPIB appears less credible year over year when it comes to climate.
[T]he biggest of them all, and the one you would think might take the most expansive view of the long-term well-being of Canadians, the Canada Pension Plan, saw an already bad performance get worse.
So it’s a bit concerning that on that score, Canada’s record is far from perfect. This week, Shift: Action put out its annual Canadian Pension Climate Report Card, an assessment of the climate policies of 11 of Canada’s largest pension funds. https://t.co/dob8hy4j0p