CPPIB pours $1.2 billion into 16,000-km U.S. pipeline network — Shift - Protect Your Pension and the Planet

In a risky bet on climate failure, the Canada Pension Plan Investment Board (CPPIB) has just announced its fifth investment in private fossil fuel assets this year. The CPPIB's investment in Denver-based Tallgrass Energy pours $1.2 billion into a 16,000-km U.S. pipeline network.

Shift - Protect Your Pension and the Planet (www.shiftaction.ca)

and here's Alice (scroll down):
https://www.cppinvestments.com/the-fund/investment-programs/investment-real-assets/

Canada’s pension plan has invested $1.2 billion in the company that owns and operates the Ruby Pipeline that would supply gas to Kevin O’Leary’s Stratos AI data centre. This would give it an estimated 24.5% stake in the company, which operates 16,000 km of oil and gas pipelines and storage terminals across the United States. Alice Yang, managing director of the Canada Pension Plan Investment Board's "Sustainable Energies" group, also sits on the Tallgrass board. Patrick DeRochie, senior manager with Shift Action for Pension Wealth and Planet Health told The Energy Mix this is just one example he’s tracking that shows the fund is “making a big bet on gas to power data centres.”

#pensionFunds #followthemoney #cdnpoli #environment #fossilfuels

This is one Canadian us Canucks do not mind having America claim as it's own.