Canada Pension Plan Abandons Net-Zero Pledge
We Lost the Election BUT we’re winning the War
Ha
https://www.theepochtimes.com/world/canada-pension-plan-abandons-net-zero-pledge-5861910?
The Canada Pension Plan (CPP) is no longer maintaining its commitment to achieve net-zero emissions by 2050.
The $700 billion plan’s investment board (CPPIB) said May 21 on its website that while achieving net-zero emissions remains a widely adopted goal for many countries, it presents “risks and opportunities” for investors. It said “recent legal developments” in Canada have changed how net-zero commitments are interpreted.
“In particular, there is increasing pressure to adopt standardized emissions metrics and interim targets, many of which don’t reflect the complexity of a global investment portfolio like ours,” the pension fund said.
The pension fund’s board did not explain what recent legal developments it was referring to, and had not responded to The Epoch Times’ request for comment by publication time.
CPP’s announcement comes at a time when many corporations and banks have been divesting from net-zero initiatives.
Four of Canada’s largest banks announced in January they would leave the United Nations-backed Net-Zero Banking Alliance. The Bank of Montreal, TD Bank, National Bank of Canada, and the Canadian Imperial Bank of Commerce followed six other American banks in leaving the alliance ahead of the inauguration of U.S. President Donald Trump.
…………..
Blarney Con Carney just stated that He will Punish any Business that does Not Toe His Green Line
Punish the CPP ? Punish the Banks ? You dipshit….
There’s always another Turd to Flush in Canada