Skip to main content

CPPIB

A very nice form letter to send to the Canada Pension Plant Investment Board about the egregious – in fact, possibly illegal – continued investement and abandonment of net zero targets. Can you tell which part I added? ;)

 To CPPIB directors and senior leadership,

As one of the 22 million Canadians whose retirement savings you manage, I’m beyond disgusted to learn that CPPIB quietly abandoned its already pathetically weak and ill-intentioned net-zero by 2050 commitment in May 2025. This reversal signals that CPPIB is only interested in short term financial gain while the world literally burns. You know better than I how quickly oil and gas will stop being viable, but you're trying to bamboozle Canadians into thinking you have their long-term interests at heart with your villainous investments, rather than the reality that continued fossil fuel investment feeds the swiftly approaching climate catastrophe that will be utterly unaffordable for all of us and will not be assuaged by the paltry dollars your nasty oil investments may garner us.

I applaud and support the 4 young Canadians who have launched a legal challenge to protect the Canada Pension Plan, arguing that CPPIB’s failure to address climate risk violates its fiduciary duty to contributors and beneficiaries. As the case proceeds, it’s clear that continued investment in fossil fuel expansion is not only financially reckless – it may be unlawful.

Climate change is a systemic threat to global financial stability. Continuing to invest in oil, gas, coal and pipelines is a dangerous gamble with our pensions. Responsible investing today requires winding down fossil fuel exposure and aligning assets with a science-based pathway to net-zero by 2050.

I urge you to immediately re-commit to a net-zero portfolio, with near-term targets, a clear plan to phase out fossil fuel investments and a transparent approach to managing climate-related financial risks – including prudent consideration of dangerous global warming scenarios.

Canadians are watching. We want our retirement savings aligned with a safe climate future – not invested in the industries most responsible for putting that future at risk.

Labels:

Comments

Post a Comment

Popular posts from this blog

Winnipeg Transit woes

  “We’ve increased support for municipalities year after year because we know strong communities depend on reliable, stable and predictable funding increases,” Municipal and Northern Relations Minister Glen Simard said in an emailed statement to the Free Press Tuesday. https://www.winnipegfreepress.com/breakingnews/2026/06/23/winnipeg-transit-needs-funding-boost-additional-staff-to-follow-new-provincial-accessibility-regulations-city-report This in answer to City of Winnipeg chair of Public Works Janice Lukes plea for the province to cough up money for the needed upgrades. Listen carefully because these are words I won't often say: I gotta agree with Lukes on this one. If the province is handing down new standards, given their higher capacity for raising revenues, they ought to help the city fund meeting said standards. What Simard fails to acknowledge is that those "year after year" funding increases started at the bottom basement after Conservative cuts and likely h...
Post a Comment
Read more

more journalistic malpractice from Canada's national broadcaster

The government has just rammed through legislation to turn Canada into a police surveillance state where all the democratic and processed based guard-rails have been removed.  They used some legislative loophole to force a vote on amendments without debate at a committee meeting at midnight. But this is what the front page of our national broadcaster's news site looks like. Do you see any mention of Bill C-22? Do you see any word of a midnight SECU session with a forced vote? Do you see any mention of MPs in tears at how democracy is being shredded before their very eyes? Do you see anything removing about all legal protections against having your data intercepted, read and kept on file (in a word of hackers and data breaches)? Do you see anything about how experts in Australia (who have already gone partway down the path Canada has just widened, flatted, and turned into a racetrack) are warning Canadians not to do this? No. The CBC is spineless. Just a mouthpiece for whoever wield...
Post a Comment
Read more

Letter writing success

Last week, several sources linked to a letter appealing to venerable Canadian scientist and nature advocate David Suzuki to withdraw from a supposed climate prize due to its deep ties to an unbashedly colonlialist Israeli organization. The JNF's claim to fame is planting trees in Israel. Pine trees. Non-native trees. Trees that are susceptible to wildfires. Trees intentionally planted atop forcibly-emptied Palestinian villages to try to erase their memory.  The letters worked. Suzuki withdrew. I hadn't gotten around to writing before I got the news. So when a follow up letter to other participants in the prize hit my inbox, I rushed to put my own spin on the letter and sign it. Send your own here I urge you to join David Suzuki in withdrawing from the upcoming Climate Solutions Prize (CSP) festival. CSP was instigated by the racist Jewish National Fund (JNF) of Canada with support from the Israeli government. Israeli Prime Minister Naftali Bennet announced the launch of CSP...
Post a Comment
Read more