The boards of Canada’s largest pension funds are already inundated with fossil fuel connections and the Ontario Teachers’ Pension Plan is about to add a former executive with ongoing ties to the industry to the mix.
The British Columbia Investment Management Corporation holds a total of $199.6 billion in managed assets and oversees retirement savings for the province's teachers, nurses, municipal workers and other government workers, according to its site.
As the world navigates an energy transition, Canada’s bankers find themselves neck-deep in oil money with a choice to make: Turn their backs on fossil fuels or keep financing the very activity threatening all life on Earth.
Students with a youth divestment group at McGill University are staging an unusual protest. They are using an "occupation" to draw extra attention to the school's pension fund investments in fossil fuels.