Briefing

    CPPIB pulls investments from companies running detention centres on U.S.-Mexico border

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    The Canada Pension Plan Investment Board (CPPIB) is no longer holding shares in CoreCivic and GEO Group, according to public disclosures. In a Wednesday tweet about the move, NDP MP Charlie Angus said he met with the pension plan in October 2018, and asked the firm to drop its investments in the detention-centre companies. “I challenged them to do better,” Angus tweeted. He said he told the CPPIB, “Canadians would not accept pension profits coming from these degrading detention centres.” The CPPIB declined to answer questions about whether Angus’ meeting influenced the firm’s investments or what prompted the dropping of the two companies. (The Logic)

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