Energy Now Media, a pro-fossil fuel organization published an article addressing our BCI Divestment campaign, click here to read it. We’re glad to see that the oil sands supporters are paying attention, but we would request they actually read our website. If BCI divests from fossil fuels it will likely benefit workers because they will…

Oil Sands Divestment, along with a coalition of pension plan members and concerned organizations, is calling for the British Columbia Investment Management Corporation (BCI) to divest all fossil fuel holdings by the end of the 2022 calendar year.  BCI manages most of the public sector pension plans in BC totalling around $153 billion. This includes…

Defined Benefit Pension Plan The majority of the pension funds invested through BCI are defined benefit pension plans. This type of plan uses a specific formula that considers your individual salary and years of employment to determine the amount of benefits available to you once you retire.  Throughout your employment, a portion of your salary…

This briefing note was produced by Oil Sands Divestment, to download or view it in a PDF format click here. The BCI Investment Management Investment Corporation (BCI) invest most of BC public sector pension funds – in total about $153 billion Canadian, which, if you’re a pension plan member, is your money. The BC Public…

This briefing note was produced by Oil Sands Divestment, to download or view it in a PDF format click here. The British Columbia Investment Management Investment Corporation (BCI) invests most BC public sector pension funds – in total about $153 billion. The BC Public Sector Pension Plans Act mandates that BCI has a fiduciary duty…

This post was written by Oil Sands Divestment and published on November 19, 2021. Oftentimes in the context of a sustainable future, we hear the term ‘Just Transition’, advocated for by environmental organizations such as 350.org for years, and more recently discussed by the Canadian government. The Just Transition includes retraining workers in some of…

This post was written by Oil Sands Divestment and published on October 18, 2021. The Canadian government used to roll out two stock answers when it was criticized for continuing to exploit fossil fuels. The first was that “no country in the world would leave Canadian oil untapped”, and the second that “oil is going…

This post was written by Oil Sands Divestment and published on October 17, 2021 The New York Times ran an interesting piece this week about private equity companies buying up fossil fuel shares. To summarize, as there’s more pressure on banks and pension funds to divest from fossil fuels, private equity companies that often operate…

This post was written by Oil Sands Divestment and published on August 18, 2021. Enbridge’s largest project, Line 3 is slated to bring oil from Alberta’s oil sands, through Minnesota to Wisconsin, and has faced fierce opposition since day one. Despite this, construction is completed in Alberta and Wisconsin and tensions continue to rise in…

This post was written by Oil Sands Divestment and published on July 1, 2021. On May 11, 2020, environmental organizations; Environmental Defence, Stand.earth, and Équiterre published an investigative report analyzing the foreign ownership of the Canadian oil sands. The COVID-19 pandemic greatly disrupted the global economy, including the oil and gas industry. However, prior to…