this post was submitted on 29 Jun 2025
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A tale of two pension funds: one abandons net-zero, the other doubles down on climate action (www.nationalobserver.com)
submitted 1 week ago by [email protected] to c/[email protected]
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Mere weeks after the CPPIB [Canada Pension Plan Investment Board] walked back its net-zero target, the country’s next-largest public pension fund, the Caisse de dépôt et placement du Québec (CDPQ), published its climate action plan and related transition financing framework which doubled down on climate action — effectively blowing a hole through the rationale the CPPIB put forward.

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[–] [email protected] 16 points 1 week ago

Three of the 10 members of CPPIB’s board of directors also sit on the boards of fossil fuel companies. The CDPQ, by contrast, does not have any board directors who also sit on the board of a fossil fuel company. CPPIB’s board includes Barry Perry (former CEO of Fortis) who now sits on the board of Capital Power; Judith Athaide who also sits on the board of Kiwetinohk Energy, and Ashleigh Everett who is also the president and a director of Royal Canadian Securities, a holding company for Domo Gasoline Corporation.