Canadian pensions warned of legal duty to manage climate risk

Beneficiaries of Canada’s 10 largest pension funds—including the Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan and Alberta Investment Management Corporation—sent the firms letters calling for a plan to meet their fiduciary duty to address the climate crisis and for more transparency around their fossil-fuel investments. The letters, coordinated by Shift Action, Ecojustice and Environmental Defence, were signed by retirees, students, teachers and elected officials, among others. (The Logic)

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