BCI Archives - Oil Sands Divestment

Chicago teachers fund to divest fossil fuels by end of 2027

This article was written by Rob Kozlowski and originally published in Pensions & Investments on October 21, 2022. Chicago Public School Teachers’ Pension & Retirement Fund plans to divest from fossil fuels by the end of 2027. The $11.5 billion pension fund’s board at its Oct. 20 meeting approved a new resolution seeking to engage with…

Campaign ramps up to pressure one of Canada’s largest pension firms to divest from fossil fuels

This article was written by Cloe Logan and originally published to Canada’s National Observer on July 8th, 2022. People are pushing the investment firm that manages retirement savings for B.C.’s public sector workers to move roughly $2 billion out of fossil fuels by the end of the year. The British Columbia Investment Management Corporation (BCI)…

Campaign Launch: BCI Divest from Fossil Fuels

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…

Four of the biggest Canadian pension funds have stakes in companies that transport Russian gas

This article was written by David Milstead and originally published in The Globe and Mail on April 29, 2022. Four of the biggest Canadian pension plans have major ownership in European pipeline or gas-distribution companies serving countries that depend on the flow of natural gas from Russia. The pensions, all of which announced they would…

B.C. public-sector pension fund to drop Russian companies

This article was written by Cindy E. Harnett and published in the Times Colonists on March 2, 2022. The province’s public-sector pension fund says it has begun to divest its holdings in Russian companies in light of that country’s war on Ukraine. On Tuesday, B.C. Investment Management Corporation (BCI) issued a statement saying it is…

EU’s biggest pension fund ABP to divest US$17.4 billion fossil fuel assets

This article was written by Alastair Marsh and originally published by the Financial Post on October 26, 2021. Europe’s biggest pension fund, ABP of the Netherlands, has joined a growing number of investment managers blacklisting fossil fuels as the finance industry gives in to pressure from activists and customers alarmed at the prospect of a…