Smart money? Pension funds taking more chances on renewable energy
Daniel Martins
Tuesday, December 15th 2020, 6:30 am - Like other pension plans, the Canada Pension Plan is starting to boost its renewables holdings, but critics say many of its first investments are essentially greenwashing.
Whether the world s energy future lies in fossil fuels or renewables is still to be determined – but increasingly, the smart money seems to think it s the latter that will win out.
Last month, ExxonMobil was dropped from the Dow Jones Industrial Index after more than a century – only to find itself surpassed in market value by a renewable energy company, NextEra.