CPPIB Watch: A quarterly update on CPPIB-owned fossil fuel companies (October – December 2025)
Shift’s latest deep dive into the incompatibility of CPPIB’s fossil fuel investments with the retirement security of Canadians
In late October, four young Canadians announced they are taking the Canada Pension Plan Investment Board (CPPIB, or CPP Investments) to court. The young Canada Pension Plan (CPP) members claim that CPPIB is breaching its duty to invest in their best interests and subjecting their pensions to undue risk of loss by failing to adequately manage climate risks – all while continuing to invest in fossil fuels – the primary drivers of climate change.
In particular, the applicants argue that CPPIB has failed to address the systemic risks that climate change poses to the broader financial and economic systems, while investing CPP funds in companies and assets whose financial performance depends on the expanded and prolonged use of fossil fuels. As lawyer and Sustainable Finance Lead at Ecojustice Karine Peloffy says, “Without action to curb fossil fuels, we are on track for a 3°C warming by the end of this century. Economists warn that it would be like experiencing the Great Depression forever, yet CPP Investments reports only a 4% net present value loss in a 'hot house world’”.
CPPIB makes new fossil fuel investments as young Canadians’ launch legal challenge
CPPIB’s quarterly financial report, announced a few weeks later, appears to underscore concerns raised in the young Canadians’ legal challenge. The report showed four new private investments in fossil fuels between July and October 2025, and an estimated total of $7.1 billion in new fossil fuel investments in the previous year. The new fossil fuel investments in fall 2025 include:
In September, $4.1 billion for a 13% stake in Sempra Infrastructure Partners, a company that develops, owns and operates fossil gas pipelines, power generation and fossil gas export facilities in the U.S. and Mexico. The Globe and Mail reported that “The deal illustrates CPPIB’s belief in natural gas as a fuel for the future.”
In October, $1.4 billion for a minority stake in AlphaGen, which owns and operates 23 power plants that burn fossil gas, oil, diesel and kerosene across six U.S. states.
$122 million for a 12% stake in Caturus, “a U.S.-based gas-focused exploration & production and liquefied natural gas (LNG) company, through a Kimmeridge co-investment vehicle.”
A $421 million commitment to ArcLight Capital Infrastructure Partners VIII, which CPPIB says “will focus on firm power, renewable energy and midstream assets, primarily in North America.” According to the Private Equity Climate Risks project, ArcLight Capital Partners owns 17 fossil fuel companies, representing 81% of the private equity firm’s energy portfolio.
As Shift’s Patrick DeRochie observed, “You don’t call climate change an ‘existential threat’ and the ‘single biggest investment risk that we face’, and then spend the next year pouring $7 billion from the Canada Pension Plan into investments which make this crisis worse. That’s reckless and absurd, and it underscores exactly why CPPIB is now facing climate litigation from its contributors.”
CPPIB continues to signal its support for the industry fueling the climate crisis
Meanwhile, CPPIB executives continued a well-documented pattern of expressing their support for fossil fuels and repeating false oil and gas industry talking points. For example, in an interview with the Financial Post, CPPIB CEO John Graham said that “Here in Canada, we like pipelines. We like oil and gas pipelines.” When announcing its investment in gas infrastructure company Sempra, CPPIB’s Senior Managing Director and Global Head of Real Assets Max Biagosch falsely claimed that “Natural gas has an important role to play in the global energy transition, and LNG infrastructure is central to meeting rising global demand and supporting long-term transition goals.”
Tell that to the International Energy Agency, whose World Energy Outlook 2025 re-affirmed for the fifth year in a row that no new investment in longer-term oil and gas megaprojects is required in a net-zero by 2050 scenario. Or tell that to Dr. Johan Rockström, Director of the Potsdam Institute for Climate Impact Research, who joined over 600 scientists in calling this fall for "an unprecedented acceleration of fossil-fuel phase-out."
Dr. Rockström warned CPPIB himself earlier this year about the dangers of climate tipping points and the need for a rapid energy transition. Some senior staff at CPPIB seem to understand this: as one CPPIB Managing Director wrote in September, “The effect of temperature increases is non-linear: that is, every additional degree of warming creates disproportionately greater economic damage.” These warnings don’t seem to be getting through to the CPPIB investment managers that keep gambling our national retirement fund on fossil fuel expansion and climate failure.
What have CPPIB’s fossil fuel companies been up to this fall?
Despite the scientific consensus on the need to phase out fossil fuels and the seeming awareness of this imperative among some analysts at CPPIB, our national pension manager continues to privately own and oversee fossil fuel companies that are expanding and prolonging the use of oil and gas. This quarter’s CPPIB Watch shows how:
CPPIB-owned Teine Energy signed an oil and gas industry letter calling on the Prime Minister to dismantle federal climate policies.
xAI: Earlier this year, CPPIB loaned US$300 million to help build a giant data centre for Elon Musk’s xAI, which is using fossil gas turbines to power its Grok AI tools, which are spreading racism, extremism, conspiracy theories and genocide denial.
CPPIB-backed VoltaGrid plans to supply AI data centres with 4.3 gigawatts (GW) of gas-fired power by 2028, including expansion plans in Texas, New Brunswick and the Middle East.
The CEO of CPPIB-owned Nephin Energy was named one of Europe’s largest polluters and faces an uncertain future amidst attempts to prolong the life of a gas field off the coast of Ireland.
CPPIB-owned California Resources Corporation, California’s largest oil and gas producer, acquired new production assets, helped to successfully delay a climate risk disclosure law, and spilled 4,000 gallons of oil and contaminated wastewater.
CPPIB-backed Caturus Energy and Commonwealth LNG persisted through legal challenges and regulatory delays to advance plans to build a Louisiana LNG terminal, supply it with Texas fracked gas, and sell it to Saudi Aramco.
Despite opposition in some states, CPPIB will become the 40% owner of Allete, an energy infrastructure company in the U.S. Midwest that owns assets that do not have credible transition plans, such as gas pipelines, gas-fired power plants and a lignite coal mine.
As it moves to divest pipeline company Transportadora de gas del Peru (TgP), CPPIB leaves Peruvians with a climate-wrecking parting gift: a proposed US$2-billion fossil gas pipeline.
CPPIB-backed Civitas Resources is merging with SM Energy to create one of the largest independent fracking companies in the U.S., part of a trend to expand and prolong oil and gas drilling in a low-price environment.
Read on for the full details.
Teine Energy signs oil and gas industry letter calling for the dismantling of federal climate policies
Teine Energy is 90% owned by CPPIB. Two senior staff in CPPIB’s “Sustainable Energies” group sit on Teine’s Board of Directors.
In September, Canada’s oil and gas industry sent a joint letter to the Prime Minister demanding that the federal government dismantle climate policies and regulations, including repealing the Impact Assessment Act and West Coast tanker ban, eliminating the oil and gas emissions cap and ending the federal industrial carbon pricing regulation.
One of the letter’s signatories was CPPIB-owned Teine Energy. The oil and gas company’s public support for the rollback of climate policies seem to contradict CPPIB’s “Climate Change Principles”, which include:
“Invest(ing) for a whole economy transition required by climate change,”
“Exert(ing) influence to create value and mitigate risk,” and
“Support(ing) a responsible transition.
Teine Energy and its industry partners may just get their wish, with November’s Canada-Alberta Memorandum of Understanding proposing to do much of what their letter asked for. It’s crickets from CPPIB as the MoU threatens to undo Canada’s limited progress in reducing emissions.
xAI using fossil gas turbines to power its Grok AI technologies – which are promoting racism, extremism, conspiracy theories and genocide denial
CPPIB loaned US$300 million to help finance the construction of the Colossus 2 data centre being built by Elon Musk’s xAI near Memphis, Tennessee.
Local communities are fighting back against xAI, the AI technology company founded and owned by Elon Musk, as it plans to build Colossus 2, a giant data centre complex in Memphis, Tennessee. Once completed, Colossus 2 will require 1.1 GW of power, about 40% of the energy consumption of Memphis on an average summer day, and pump one million gallons of water to cool its processors each day.
According to the Southern Environmental Law Center (SELC), xAI’s current data centre complex (Colossus 1) is located in a 90% Black working-class neighbourhood and operates 33 methane-powered gas turbines to fuel its AI technology despite holding a permit for only 15. The gas turbines “increase Memphis’s smog by 30-60%” as they “belch planet-warming nitrogen oxides and poisonous formaldehyde," pollutants linked to “respiratory and cardiovascular disease.” The extent of the emissions will “likely make xAI the largest industrial source of smog-forming pollutants in Memphis,” said SELC. A local primary care physician says that xAI’s gas turbines are “leading to a public health crisis” and “reinforcing a long legacy of environmental racism in Memphis – and our country.”
While xAI is now reportedly building a solar farm next to Colossus 1, the solar energy generated would only be enough to meet about 10% of the facility’s estimated power use. xAI is now reportedly planning to use another 59 gas turbines to power its second data centre, Colossus 2.
Meanwhile, a host of other concerns are being raised about xAI, its chatbot Grok, and Grokipedia (xAI’s online encyclopedia that wants to rival Wikipedia because it’s “too woke”). Numerous reports allege that Grok is enabling sexual assault of children, making absurd, sycophantic claims to glorify Elon Musk, propagating extremist political views and conspiracy theories, spreading and elevating misinformation and extremist content, and even praising neo-Nazis. Elon Musk has been forced to apologize.
In November, the European Commission called on xAI to take action against risks related to Grok, saying the chatbot ”goes against Europe’s fundamental rights and values”. France’s government, meanwhile, is now investigating Grok for generating French-language posts that questioned the use of gas chambers at Auschwitz, with French authorities saying Grok’s content could amount to racially-motivated defamation and the denial of crimes against humanity.
When various media outlets, including The Times, The Guardian and Canadian Press, asked xAI for comment on these environmental and social concerns, Musk’s company responded: “Legacy media lies.”
CPPIB-backed VoltaGrid plans to supply data centres with 4.3 GW of gas-fired power by 2028
CPPIB has committed hundreds of millions of dollars to VoltaGrid, which is part of CPPIB’s “Sustainable Energies” portfolio. A CPPIB managing director sits on VoltaGrid’s board.
CPPIB-backed, Houston-based VoltaGrid was busy this autumn announcing a string of gas-fired power deals falsely marketed as “low-emission” solutions for the booming data centre and AI sector in the U.S. These announcements include:
A partnership with Oracle Cloud Infrastructure, a firm led by a close ally of President Donald Trump, to deploy up to 2,300 MW of modular gas-fired power for AI data centres in Texas, supplied through pipelines operated by gas pipeline operator Energy Transfer, another major backer of President Trump.
A joint venture with Halliburton to deploy gas-fired power systems for data centres in the Middle East. Halliburton says that it sees VoltaGrid’s distributed power systems as a “critical enabler” to electrify oil production.
A partnership with INNIO group to provide 2.3 GW of power using 92 gas-burning “power packs” that deliver 25 MW each to AI data centres.
In New Brunswick, VoltaGrid faces mounting backlash over its proposal to build a 190-MW gas plant to power a data centre near Saint John. Residents warn the project will destroy old-growth forests and wetlands, put well water at risk at a time when the area is experiencing drought, and break the city’s promise to attract only non-emitting industries. Despite VoltaGrid’s claims of “98% emissions abatement,” the community remains unconvinced – and determined to fight the project. In the New Brunswick legislature, provincial Green Party Leader David Coon referred to VoltaGrid as “Trump’s business boys” and called on the premier to ”send them packing”. VoltaGrid CEO Nathan Ough responded that VoltaGrid is 51% Canadian-owned and that the company’s finances are “banked in large part out of Canada.”
In all, VoltaGrid says it has secured financing to accelerate deployment of 4.3 GW of gas power by 2028. The company falsely claims that its power generation systems are “sustainable” and “ultra-low” or “near-zero” emissions, greenwashing the fact that its power systems burn fossil gas. VoltaGrid’s claims likely refer specifically to “near-zero criteria air emissions” (emphasis added), which are classified by the U.S. Environmental Protection Agency as sulfur dioxide, nitrogen dioxide, particulate matter, carbon monoxide, ozone, and lead. VoltaGrid’s “ultra-low emissions” claim therefore does not apply to climate-warming greenhouse gases such as methane and carbon dioxide.
The Financial Times reports that data centre electricity demand is skyrocketing, and the U.S. market is heavily reliant on gas. During CPPIB’s 2024 National Virtual Public Meeting in November 2024, CPPIB CEO John Graham described how “the demand for energy globally is not declining” and AI is “further driving the demand for energy.” With portfolio companies like VoltaGrid, CPPIB appears to be focusing its energy-related AI investments on gas-powered data centres.
Nephin Energy named one of Europe’s largest polluters, faces uncertain future amidst attempts to prolong the life of Irish offshore gas field
Nephin Energy, 100% owned by CPPIB and part of its “Sustainable Energies” portfolio, holds a 43.5% stake in Ireland’s Corrib offshore gas field. Two senior CPPIB staff sit on Nephin Energy's Board of Directors.
In October, the European Commission added CPPIB-owned offshore gas producer Nephin Energy to its list of Europe’s largest polluters. European regulators will require Nephin, which co-owns the Corrib gas field off the coast of Ireland, to reduce its greenhouse gas emissions by one million tonnes annually until 2030 or face large financial penalties.
Interviewed on an Irish Times business podcast, Nephin CEO Tom O’Brien described how the Corrib gas field’s production is in decline. Nephin previously produced about 60% of Ireland’s daily gas consumption, but now produces less than 25% as Nephin depletes the gas field. Despite admitting that gas is “not climate-friendly” and that “there should be an energy transition away from (fossil fuels)”, the gas CEO estimates that Nephin has about ten years left in the Corrib field and hopes to elongate the field’s life using new technologies. O’Brien further outlined how Nephin is mapping the area off the Irish coast for more recoverable gas reserves, opining that gas is critical to the Irish energy system and lamenting that the Irish government has a ban on new exploration licences.
The CEO also mentioned vague plans to repurpose the gas infrastructure “towards maybe renewable energies” or “opportunities in the hydrogen space, green hydrogen or whatever”, without offering details, in the event that “(Nephin doesn’t) identify or secure another gas molecule.” O’Brien went on to question Ireland’s ability to rapidly build out and scale up offshore wind – despite the fact that Nephin is backed by the world’s sixth largest pension fund that has $14 billion invested in renewables and aims to “invest for a whole economy transition required by climate change”.
California Resources Corporation acquires new production assets, helps to successfully delay climate risk disclosure laws, and spills 4,000 gallons of oil and contaminated wastewater
CPPIB holds an 11.2% stake in California Resources Corporation (CRC), which is California’s largest oil and gas producer. A managing director from CPPIB’s “Sustainable Energies” group sits on CRC’s board.
In September, CRC announced that it plans to acquire Dallas-based oil and gas exploration and production company Berry Corp. for US$717 million, adding another 20,000 barrels of oil and gas production and 120,000 acres of land with oil and gas reserves to CRC’s portfolio. CRC will also acquire Berry’s assets in eastern Utah’s Uinta Basin and a well servicing company in the transaction. CRC’s CEO Francisco Leon made it clear that its acquisition of Berry Corp is about increasing production, saying that the deal provides the “flexibility to pursue new development opportunities amid an improving permitting backdrop in Kern County.” Leon went on to say that “The state is signaling a need for California production and in particular, Kern County production.”
The deal was announced just days after California state legislators caved to oil and gas lobbyists and passed legislation loosening climate and environmental regulations and streamlining permitting for oil and gas drilling. Following intense lobbying from the industry, California relaxed emissions regulations in key oil-producing counties, delayed enforcement of methane leak detention rules for oil fields, and made exemptions enabling longer phase-out periods for fossil fuel infrastructure.
In November, the California Chamber of Commerce supported its federal counterpart and other business groups in filing an “emergency application” to the U.S. Supreme Court to pause a state law that strengthens climate risk disclosure for large companies. The intervention by the business groups succeeded in halting the implementation of the law. CRC CEO Francisco Leon is a Board Member at the California Chamber of Commerce. One would think CRC’s push to delay climate risk disclosure wouldn’t sit well with CPPIB, whose CSO wrote in The Financial Times last year that company boards should push for improved sustainability disclosures, rather than “stand back and allow industry associations to undermine this critical disclosure framework by arguing for extended reliefs or carve-outs.”
Then, in December, Aera Energy, a CRC subsidiary that was 49% owned by CPPIB until it merged with CRC in 2024, spilled more than 4,000 gallons of oil and contaminated wastewater in California’s Monterey County. While Aera reported that the spill was “contained to the immediate area”, the spill occurred near Sargent Creek, just over a mile upstream from its confluence with the Salinas River – a key drinking and irrigation source for the Salinas Valley and much of California’s Central Coast.
Such incidents underscore the risks posed by aging fossil fuel infrastructure. “In the past few weeks, we’ve seen numerous examples of how oil production threatens California’s communities and water supplies,” Hollin Kretzmann, a staff attorney at the Center for Biological Diversity’s Climate Law Institute, said. “California needs to move away from dirty fossil fuel production as quickly as possible.”
Caturus Energy and Commonwealth LNG persist through legal challenges and regulatory delays to advance plan to build Louisiana LNG terminal, supply it with Texas fracked gas, and ship it to Saudi Arabia
In 2022, CPPIB committed US$100 million to private equity fund Kimmeridge Fund VI. Kimmeridge then used this money to buy fracked gas assets in Texas and help finance the proposed Commonwealth LNG project on Louisiana’s Gulf Coast. In August 2025, Kimmeridge announced it is partnering with Mubadala Energy (which is part of the United Arab Emirates’ sovereign wealth fund) to form Caturus Energy, a “well to water” gas company that plans to develop enough gas to supply the proposed Commonwealth LNG terminal. CPPIB’s Second Quarter Fiscal 2025 report disclosed that CPPIB now owns a 12% stake in Caturus.
In October, a proposed Louisiana LNG terminal pushed forward by President Trump and backed by a US$100 million private equity investment from CPPIB faced new legal setbacks and regulatory delays. A Louisiana judge ruled that officials violated the state’s constitution when they issued a land-use permit for Commonwealth LNG, finding that the Louisiana Department of Conservation and Energy failed to consider the environmental and climate impacts on surrounding communities of colour and low-income fishing villages, which are increasingly vulnerable to climate impacts such as sea level rise, flooding and hurricanes. According to the Sierra Club, Commonwealth LNG would export fossil gas that would have annual greenhouse gas emissions equivalent to 14 coal-fired power plants and would destroy or alter hundreds of acres of wetlands.
The legal setback was short-lived, however. In November, Louisiana regulators re-issued the key land-use permit, claiming that the economic benefits of the LNG terminal outweighed the environmental costs and citing the Trump administration’s “energy dominance” agenda. In October, the Federal Energy Regulatory Commission also granted Commonwealth LNG’s request for a four-year extension to start construction, moving the deadline to complete the LNG terminal from November 2027 to the end of 2031.
Meanwhile, Commonwealth LNG was busy this fall finding producers and importers for its fossil gas expansion plans. In November, Saudi Aramco announced a Memorandum of Understanding that included a potential agreement to purchase fossil gas from Commonwealth LNG. And Caturus Energy signed an agreement to drill gas wells across 220,000 acres of land owned by Black Stone Minerals LP in East Texas, in support of Caturus’ “broader strategy of building a wellhead-to-water natural gas platform” that would supply the Commonwealth LNG terminal.
CPPIB to become private owner of energy infrastructure conglomerate Allete, including electric and gas utilities and a coal mine
CPPIB announced a proposed US$6.2 billion deal to acquire a 40% stake in Allete in partnership with Global Infrastructure Partners in May 2024. The deal is now expected to close in early 2026.
Following a deal first announced in May 2024, CPPIB is set to become the 40% owner of Allete, following approvals from state and federal regulators. Based in Duluth, Minnesota, Allete owns a portfolio of electric utilities and power generation companies that includes Allete Clean Energy; New Energy Equity; Superior Water, Light & Power; Minnesota Power; BNI Energy; and an 8% equity interest in Wisconsin-based American Transmission Co. In November, Australian sustainable finance NGO Market Forces included Allete in its “Fossil Fuel Expansion Index”, a global list of 200 companies that are ”actively undermining the climate goals of the Paris Agreement and impeding the clean energy transition by expanding fossil fuels."
While CPPIB’s acquisition of Allete includes a growing portfolio of renewable energy and electricity distribution and transmission assets across the U.S. Midwest, the deal also invests Canada’s national retirement fund in a lignite coal mine in North Dakota, a fleet of coal- and gas-fired power plants, and gas pipelines. Allete does not have a net-zero commitment or a credible transition plan for all of its subsidiaries.
This fall, the sale of Allete and its subsidiary Minnesota Power to CPPIB and Global Infrastructure Partners (GIP) faced stiff opposition in Minnesota. The state’s Attorney General’s Office, consumer advocacy groups, several environmental groups and Minnesota Power’s largest industrial customers were opposed to the sale. A judge in July recommended that state regulators reject the deal, arguing that it wasn’t in the public interest. The Sierra Club said that the deal falls short of a guarantee to make Minnesota’s electricity grid fossil-free by 2040 and would put the state’s climate commitments at risk, while other residents and stakeholders are concerned that the deal puts private profits ahead of the public interest.
Despite significant public and stakeholder opposition, the Minnesota Public Utilities Commission (PUC) approved the deal with conditions, including requiring CPPIB and GIP to fund Allete’s $5-billion, five-year capital plan; invest in energy efficiency, conservation, fuel-switching, renewable energy, transmission and other clean technology; and consider alternatives to gas plants.
Shift supports the use of public pension capital to increase investment in renewable energy and electrification and to accelerate the decarbonization of electric utilities, and will be watching closely to see if CPPIB demonstrates this through its ownership of Allete and its subsidiaries.
CPPIB moves to exit TgP with a climate-wrecking parting gift for Peru: a new fossil gas pipeline
CPPIB first invested in Transportadora de Gas del Peru S.A (TgP) in 2013, and provided additional financing between 2014 and 2017 for a total of US$1.4 billion. While CPPIB reached an agreement to sell its 49.9% stake in TgP in August, the pipeline company remains listed as part of CPPIB’s Infrastructure portfolio. As of December 2025, three senior CPPIB staff remain on TgP’s board of directors.
Before CPPIB completes the process of divesting from Transportadora de Gas del Peru (TgP), the company proposed a climate-wrecking parting gift for Peruvians: a new 920-km fossil gas pipeline.
Under CPPIB’s stewardship, TgP already operates a pipeline that transports fracked gas from the Camisea gas fields in the Peruvian Amazon to the country’s coast. Virtually all of the fossil gas produced in Peru passes through this 730-km pipeline, supplying about 40% of Peru’s electricity generation.
Now, TgP is applying to move forward with the proposed US$2-billion Southern Extension pipeline, which will transport at least 300 million cubic feet of fossil gas along the Peruvian Coast until at least 2043. The pipeline will “boost the development of the national petrochemical industry” and facilitate the incorporation of 1,500 megawatts (MW) of gas-fired power generation into Peru’s electricity system, “significantly expanding Peru’s natural gas infrastructure.” According to Pipeline Technology Journal, TGP is also proposing a separate US$179 million expansion of its existing gas pipeline system: “The dual proposals underscore TGP's long-term strategy for the country's energy infrastructure as it seeks to secure its operating rights for the next decade.” The pipeline proposals would lock in Peru’s dependence on high-risk fossil fuels, making the climate crisis even worse.
CPPIB-backed Civitas Resources is merging with SM Energy to create one of the largest independent fracking companies in the U.S., part of a trend to expand and prolong oil and gas drilling in a volatile-price environment
CPPIB has invested US$5.5 billion in oil and gas producer Civitas Resources and its subsidiaries since 2016. Civitas is listed on CPPIB’s website as being part of its dubiously-named “Sustainable Energies” portfolio.
CPPIB-backed Civitas Resources is merging with oil and gas exploration and production company SM Energy in a US$12.8 billion deal to create one of the largest independent fracking companies in the U.S. The combined company will hold about 823,000 net acres of land with fossil fuel reserves. Industry analysts say the deal is part of a trend to expand and prolong oil and gas drilling amidst an environment of volatile oil prices.
CPPIB says every degree increases economic damage, yet doubles down on fossil fuels
With its Climate Change Principles guiding its investment strategy, its analyses measuring physical climate risks, and its recognition that climate change is “the single biggest investment risk that we face,” CPPIB appears to have dedicated staff that understand the urgent and systemic risks to our national pension portfolio.
Yet CPPIB continues to gamble billions of dollars on new fossil fuel investments, while its own portfolio companies lack credible transition plans, lobby against climate policy, and propose and build projects that will expand the use of oil and gas. All of these decisions make the climate crisis worse, exacerbate climate risks to the CPP, and create undue risk of loss in the long-term.
While other pension funds exit the fossil fuel sector and vocally push for more ambitious climate action, CPPIB continues to double down on oil and gas. As Aliya Hirji, one of the young Canadians taking CPPIB to court, says:
“A basic understanding of climate science and economics dispels CPP Investments’ claims that investing in fossil fuel expansion is compatible with sustainability, an adequate standard of living, and a functioning economy. Our pension managers are betting against our future. We deserve better, we expect better, and other financial actors should take note.”
With CPPIB investing our national retirement fund in fossil fuel expansion, these young Canadians need our support. Join us in calling on the CPPIB to stop investing in fossil fuels and start investing in a safe climate future.