5d ago

A tale of two pension funds: one abandons net-zero, the other doubles down on climate action

www.nationalobserver.com

Mere weeks after the CPPIB [Canada Pension Plan Investment Board] walked back its net-zero target, the country’s next-largest public pension fund, the Caisse de dépôt et placement du Québec (CDPQ), published its climate action plan and related transition financing framework which doubled down on climate action — effectively blowing a hole through the rationale the CPPIB put forward.

5 comments

Three of the 10 members of CPPIB’s board of directors also sit on the boards of fossil fuel companies. The CDPQ, by contrast, does not have any board directors who also sit on the board of a fossil fuel company. CPPIB’s board includes Barry Perry (former CEO of Fortis) who now sits on the board of Capital Power; Judith Athaide who also sits on the board of Kiwetinohk Energy, and Ashleigh Everett who is also the president and a director of Royal Canadian Securities, a holding company for Domo Gasoline Corporation.
https://archive.vn/qkyZ5
Energy will always be in demand
- Which is why we need to make sure we produce it sustainably.
  
  Well it definitely breaches fiduciary duty then.