Posts Tagged ‘pension fund’
Europe’s Biggest Pension Fund Issues ESG Warning to Banks
This article was written by Frances Schwartzkopff and initially published in Bloomberg on January 23, 2023. One of Europe’s biggest investors is putting banks on notice and may start exiting the sector unless it sees proof that claims of portfolio decarbonization are matched by action. “The financial sector has really lagged,” said Dominique Dijkhuis, a member…
Read MoreCanada’s largest pension plans ramp up investing in offshore wind projects
This article was written by James Bradshaw and originally published in The Globe and Mail on December 30th, 2023. One of the next frontiers for clean energy that is attracting investment dollars from Canada’s largest pension plans is just out of sight to the naked eye onshore, in an expanse of ocean water 32 kilometres…
Read MoreCanadian Pension Fund Rejects Divestment, Takes Fire for Fossil ‘Entanglement’
This article was written by Gaye Taylor and originally published in The Energy Mix on November 2, 2022. The CEO of the pension fund that controls retirement investments for 21 million Canadians has reconfirmed his position that “engagement,” not divestment from fossil fuel companies, is the right way forward during the global energy transition. John…
Read MoreCaisse Invests Up to $474M in Japanese Renewables Firm
This article was originally published in The Energy Mix on October 26, 2022. The giant Caisse de dépôt et placement du Québec (CDPQ) is investing up to US$474 million, or 70 billion Japanese yen, in a company that got its start as a search for energy alternatives in the wake of the Fukushima nuclear disaster…
Read MoreChicago 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…
Read MoreHealth pensions must divest of fossil fuels
This article was written by Mike Apostol, Travis Frampton, Mike Kurz, and Magdalene Winterhoff and originally published in The Hamilton Spectator on July 7, 2022. Recently, 130 Australian health-care workers noisily walked away from their pension plan. Why would health-care workers walk away from a valuable retirement savings scheme? Because their pension fund, HESTA, still has billions…
Read MoreIs one of Canada’s largest pension funds quietly divesting from fossil fuels?
This article was written by Paul Burns, Aislinn Clancy, and Melissa Rosato and originally published in Corporate Knights on August 9th 2022. As the burning of fossil fuels presents us with yet another summer of catastrophic impacts, the pressure is growing for institutional investors to either phase out their oil, gas and coal and pipeline…
Read More‘Impossible to track’ climate action of Canada’s 2T pension industry: study
This article was written by Jeff Lagerquist and originally published in Yahoo Finance on July 22, 2022. Climate progress at Canada’s largest pension funds is “impossible to track,” according to a new study calling for greater transparency from an industry that manages more than $2 trillion in assets on behalf of millions of Canadians. Many…
Read MoreCampaign 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…
Read MoreIt’s time to consider divesting our pensions from fossil fuels
This article was written by Riley Hill and originally published on the BCTF website. For many of us in BC, 2021 was a wake-up call. The heatwave that ripped through our province shattered temperature records and killed 595 people. The town of Lytton burned to the ground, and approximately one billion sea animals baked in…
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