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  3. Canada Pension Plan Investment Board: “Here in Canada, we like pipelines.

Canada Pension Plan Investment Board: “Here in Canada, we like pipelines.

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  • alisoncreekside@mstdn.caA This user is from outside of this forum
    alisoncreekside@mstdn.caA This user is from outside of this forum
    alisoncreekside@mstdn.ca
    wrote last edited by
    #1

    Canada Pension Plan Investment Board: “Here in Canada, we like pipelines. We like oil and gas pipelines.” #CPPIB #cdnpoli
    CPPIB manages assets totaling $777.5 billion, from 22 million contributors to the CPP.
    CPPIB has major investments in American fossil fuel companies, AI companies, and fossil fuel companies seeking to power America’s AI expansion.
    47%t of CPPIB portfolio is invested in the US.
    https://thewalrus.ca/the-canada-pension-plan-is-funding-trumps-fossil-fuel-and-ai-ambitions/

    ottominati@mstdn.caO alisoncreekside@mstdn.caA 2 Replies Last reply
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    • alisoncreekside@mstdn.caA alisoncreekside@mstdn.ca

      Canada Pension Plan Investment Board: “Here in Canada, we like pipelines. We like oil and gas pipelines.” #CPPIB #cdnpoli
      CPPIB manages assets totaling $777.5 billion, from 22 million contributors to the CPP.
      CPPIB has major investments in American fossil fuel companies, AI companies, and fossil fuel companies seeking to power America’s AI expansion.
      47%t of CPPIB portfolio is invested in the US.
      https://thewalrus.ca/the-canada-pension-plan-is-funding-trumps-fossil-fuel-and-ai-ambitions/

      ottominati@mstdn.caO This user is from outside of this forum
      ottominati@mstdn.caO This user is from outside of this forum
      ottominati@mstdn.ca
      wrote last edited by
      #2

      @AlisonCreekside That's an article worth reading! I especially appreciate the coverage of all the "big" pension plans exposure to the US.

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      • alisoncreekside@mstdn.caA alisoncreekside@mstdn.ca

        Canada Pension Plan Investment Board: “Here in Canada, we like pipelines. We like oil and gas pipelines.” #CPPIB #cdnpoli
        CPPIB manages assets totaling $777.5 billion, from 22 million contributors to the CPP.
        CPPIB has major investments in American fossil fuel companies, AI companies, and fossil fuel companies seeking to power America’s AI expansion.
        47%t of CPPIB portfolio is invested in the US.
        https://thewalrus.ca/the-canada-pension-plan-is-funding-trumps-fossil-fuel-and-ai-ambitions/

        alisoncreekside@mstdn.caA This user is from outside of this forum
        alisoncreekside@mstdn.caA This user is from outside of this forum
        alisoncreekside@mstdn.ca
        wrote last edited by
        #3

        It seems a bit mad that we Canadians are carefully not buying US product at the store while our $777.5 billion pension fund is sinking our money into the new US gold dust twins - oil&gas and AI.

        It reminds me when corporate responsibility for climate change reduction got green-shifted onto citizens as individually responsible for recycling.

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