TORONTO A new report by an advocacy group says some of Canada's major pension funds have made significant improvements in responding to the climate crisis, but overall are still falling short.
A new report by an advocacy group says some of Canada s major pension funds have made significant improvements in responding to the climate crisis, but overall are still falling short. The report by Shift Action for Pension Wealth and Planet Health shows a high level of inconsistency among the 11 pension funds evaluated, and finds they re lacking compared with some international peers.
Canada’s financial heavyweights are trying to convince the federal government to let them keep pumping money into the oil and gas sector, confidential documents obtained by Canada’s National Observer reveal.
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.