‘Against the flow’: critics question move by Canada’s Pension Plan Investment fund to keep supporting big polluters

But the Canada Pension Plan Investment Board remains wary of any attempts to write climate concerns into its mandate.

Bloc MP Jean-Denis Garon, left, says the Canada Pension Plan Investment Board should be divesting from high-emitting businesses. Liberal MP Julie Dzerowicz supports the CPP Investments' plan to support businesses that promise to decarbonize, but said she is open to updating the mandate if appropriate. Conservative MP Greg McLean opposes any attempt to adjust the CPP Investments' existing mandate. Photographs courtesy of Jean-Denis Garon, Julie Dzerowicz, The Hill Times photograph by Andrew Meade

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BY KEVIN PHILIPUPILLAI

January 19, 2022

The Canada Pension Plan Investment Board, which manages an investment fund of approximately $541.5-billion for more than 20 million contributors and beneficiaries of the CPP, is making both an ethical and financial mistake, according to one Bloc MP, by continuing to invest in high-emitting businesse...

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