The $270-billion fund plans to double its holdings of climate-friendly assets in the next four years, from its current $35 billion, while shelving the initial 67 per cent emissions-intensity reduction goal it had set for 2030. (The Globe and Mail)

Talking point: Teachers’ joins the Canada Pension Plan Investment Board and other major investors in backing away from their previous climate policies. The pension said the revamp comes after it made progress on its existing targets: it had pledged to cut portfolio emissions intensity by 45 per cent by 2025 from 2019 levels, and reached a 49 per cent reduction by the end of 2024. The new framework will back private companies developing green products and heavy emitters with credible decarbonization plans, excluding firms expanding fossil-fuel production since 2023. CEO Jo Taylor told The Globe the fund remains “on a path to be aligned with net zero by 2050,” though the fund said emissions may rise in the near term.

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