In an annual update, the Caisse de dépôt et placement du Québec said it would invest the funds over the next five years. The provincial pension, which has $473 billion in assets under management, will funnel the capital into areas like decarbonization tech, infrastructure and other products and services. (The Logic)

Talking point: The investment plans mark a departure from a broader trend of pension funds and companies cutting their climate goals. In May, the CPP Investment Board shelved its 2050 climate targets, and a month later RBC dropped its $500-billion green finance plans, citing Ottawa’s anti-greenwashing law. The Caisse said Thursday it would “accelerate the decarbonization of companies and significantly increase transition-related investments by 2030.” It’s not the only investor cutting against the grain. Earlier this year Power Sustainable, the investment arm of the Desmarais family’s Power Corp, closed a US$330-million fund aimed at backing decarbonization technologies.