I attended the Canada Pension Plan information session yesterday evening in Calgary.
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I attended the Canada Pension Plan information session yesterday evening in Calgary. I left with more questions than answers and many concerns about how the CPP is investing the almost $800 billion now in the fund.
Are they making solid investment decisions based on facts or listening to PR/spin by wealthy executives receiving bonuses from corporations with their heads in the sand about the seriousness of climate change?
It seems like the latter.
That being said, I'm absolutely not a fan of an Alberta pension plan, which would be infinitely worse.
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R relay@relay.mycrowd.ca shared this topic
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I attended the Canada Pension Plan information session yesterday evening in Calgary. I left with more questions than answers and many concerns about how the CPP is investing the almost $800 billion now in the fund.
Are they making solid investment decisions based on facts or listening to PR/spin by wealthy executives receiving bonuses from corporations with their heads in the sand about the seriousness of climate change?
It seems like the latter.
That being said, I'm absolutely not a fan of an Alberta pension plan, which would be infinitely worse.
Most of the questions were on the topic of climate change and I applaud those who stood up to ask about the topic. One person also asked about military investments.
It's always surprising to hear people suggesting investments in risky projects such as a bitumen pipeline to the west coast, which even private companies are not willing to invest in right now.
But, someone in the audience did suggest that. 🤯
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Most of the questions were on the topic of climate change and I applaud those who stood up to ask about the topic. One person also asked about military investments.
It's always surprising to hear people suggesting investments in risky projects such as a bitumen pipeline to the west coast, which even private companies are not willing to invest in right now.
But, someone in the audience did suggest that. 🤯
Someone also asked about investing in AI, given that there is legitimate concern about how some of the big tech companies are financing their expansion of data centres.
And I couldn't tell you what the CPP spokesperson answered. It was that clear.
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R relay@relay.infosec.exchange shared this topic
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I attended the Canada Pension Plan information session yesterday evening in Calgary. I left with more questions than answers and many concerns about how the CPP is investing the almost $800 billion now in the fund.
Are they making solid investment decisions based on facts or listening to PR/spin by wealthy executives receiving bonuses from corporations with their heads in the sand about the seriousness of climate change?
It seems like the latter.
That being said, I'm absolutely not a fan of an Alberta pension plan, which would be infinitely worse.
@JEmphatically Absolutely! The reckless CPPIB is failing in their fiduciary responsibility to invest on behalf of Canadians. The Board is so tangled up with fossil fuels and extractive industries without any climate risk assessment that they are putting everyone at risk.
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Most of the questions were on the topic of climate change and I applaud those who stood up to ask about the topic. One person also asked about military investments.
It's always surprising to hear people suggesting investments in risky projects such as a bitumen pipeline to the west coast, which even private companies are not willing to invest in right now.
But, someone in the audience did suggest that. 🤯
@JEmphatically odds that the person works for Enbridge or TCPL?
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@JEmphatically odds that the person works for Enbridge or TCPL?
But, someone in the audience did suggest [a bitumen pipeline to the west coast]. 🤯
odds that the person works for Enbridge or TCPL?
According to leaked audio from a TC Energy meeting, they go to such extremes that I wouldn't bet against it: https://thenarwhal.ca/tc-energy-recording-explainer/
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I attended the Canada Pension Plan information session yesterday evening in Calgary. I left with more questions than answers and many concerns about how the CPP is investing the almost $800 billion now in the fund.
Are they making solid investment decisions based on facts or listening to PR/spin by wealthy executives receiving bonuses from corporations with their heads in the sand about the seriousness of climate change?
It seems like the latter.
That being said, I'm absolutely not a fan of an Alberta pension plan, which would be infinitely worse.
@JEmphatically Also "are they and their advisors and the media covering them being targetted with precision geofenced ads by oil & gas companies"
Again citing https://thenarwhal.ca/tc-energy-recording-explainer/ : unequivocally yes.
