The government proposed legislation to protect the pension fund manager from being sued for decisions it made before November 2024. The legislation would also shield companies in the province from lawsuits alleging greenwashing in cases where they’ve made “good-faith” disclosures about their climate change efforts. (The Logic)

Talking point: The move comes as AIMCo—which manages about $180 billion in assets for public pension plans in the province—faces a potential claim of $1.3 billion from some public-sector pensions after it suffered roughly $2 billion in losses tied to a risky investment strategy in 2020. Finance Minister Nate Horner said the fund manager has “remedied” the investment strategy that led to the losses. Meanwhile, the government’s proposed greenwashing protection follows a federal government bill passed last year to crack down on deceptive advertising. Since then, many companies and investors have scaled back climate targets and disclosures.

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