Canadian Pension Board Invests $141M in Chinese Coal Projects

08/31/2020

The Canada Pension Plan Investment Board (CPPIB) is jeopardizing Canadians' retirement savings, undercutting federal government policy, and making a mockery of one of the country's few points of climate leadership on the world stage by investing C$141 million in Chinese coal companies, a leading pensions and climate advocate said this week.

"It's completely offside with Canada's commitments to the Powering Past Coal Alliance and its domestic goal to retire coal-fired generation," said Adam Scott, director of Toronto-based Shift Action. "It's completely offside with all of Canada's climate commitments. And it's a red flag for Canadians to be worried about their pension savings."

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