Canadian pensions are retiring fossil fuel investments
For decades, Canada’s collective retirement savings have been heavily steeped in the fossil fuel sector. In recent years, climate-conscious investors, lawyers and activists warned that many of Canada’s pension funds were risking our future by continuing to pursue investing strategies that keep us on the pathway to catastrophic climate change. But tectonic shifts are happening behind the scenes even at Canada’s most conservative pension plans, as sustainable investing gains momentum worldwide. New research reveals that sustainable investing is becoming a key strategy for Canada’s largest pension fund managers.