Climate Pension Quarterly - Issue #5
The September 2022 edition of Shift’s Climate Pension Quarterly, a collection of climate finance news with a focus on pensions, is now available.
Headlines include:
The University Pension Plan’s climate action plan marks a Canadian first by committing to net-zero emissions by 2040
The Caisse de dépôt et placement du Québec held the line on oil divestment
The Ontario Teachers’ Pension Plan reported on and upped its climate commitment (without mentioning its fossil fuel investments)
The Investment Management Corporation of Ontario and OPTrust promised climate targets for 2022 and 2023, respectively
The Alberta Investment Management Corporation further entangled itself in the oil and gas value chain
OMERS sold off another major fossil fuel asset
The Healthcare of Ontario Pension Plan stayed silent on climate while beneficiaries called for it to divest of fossil fuels
PSP Investments is undertaking a climate analysis of its Global Natural Resources portfolio
The British Columbia Investment Management Corporation’s ESG Report is both high on disclosure and high on fossil fuels
The Canada Pension Plan Investment Board continues its “all of the above” approach to energy, making big investments in renewables while still betting on oil and gas expansion and carbon capture utilization and storage
The Caisse de dépôt et placement du Québec, OPTrust, and University Pension Plan Ontario signed the 2022 Global Investor Statement to Governments on the Climate Crisis.
Plus:
Planetary Pension Progress, with updates from climate-leading pensions in the United States, the United Kingdom, and Australia;
Everyday Pension Protectors, with op-eds by members of OMERS and Healthcare of Ontario Pension Plan;
In the House, with news on climate finance regulation from the European Union, the United Kingdom, Australia, and the United States; and
What We’re Reading, a round-up of news that caught our eye this last quarter.