Climate change pensions
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- Published on Sunday, 29 November -0001 16:00
- Written by editor
The UN report on climate change is devastating. But it's not too late to take action.
Call on the Canada Pension Plan to divest billions of our retirement dollars from fossil fuels now.
A,
This week, the UN released a landmark report that warns of increasingly extreme heatwaves, droughts and flooding, and the key temperature limit of 1.5 degrees celcius being broken in just over a decade.
Luckily, the scientists also said a catastrophe can be avoided if the world acts fast.
And there is no better way for us to take action on this report than calling on the Canada Pension Plan (CPP) to stop investing billions of our retirement savings into this climate-wrecking corporations.
Today, our friends at the Canadian Centre for Policy Alternatives unveiled that CPP has at least $11.6 billion invested in oil, gas and coal combined. Worst yet, it has increased its holdings in publicly traded fossil fuel companies by 7.7% since Canada signed the Paris... Agreement to take action on climate change.
To CPP: stop using my money to fund climate-altering fossil fuel projects.
The financial legacy of Canadians should not be to contribute to a broken planet. It's unthinkable that the Canada Pension Plan continues to invest billions of our retirement dollars in fossil fuel companies such as Exxon-Mobil, Enbridge, and TC Energy.
Luckily, when SumOfUs members like you call on CPP to take action, they are forced to listen.
Three years ago, when 15,000 SumOfUs members like you signed petitions and stormed public meetings to demand that the CPP Investment board pull out of US migrant detention facilities that support Trump’s border policies, we won, and it divested from GeoGroup and CoreCivic earlier this year.
The pressure worked because Canadian public opinion matters to the CPP.
Now, call on CPP to divest from climate wrecking investments too.
Thanks for all that you do,
Angus, Nish, and the team at SumOfUs
More information:
What the new UN report warning of climate impacts means for Canadians, CBC, Aug. 9th, 2021
An Insecure Future: Canada’s biggest public pensions are still banking on fossil fuels, Canadian Center for Policy Alternatives, Aug. 12th, 201
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