Woke Pension Fund
Posted: Wed Sep 29, 2021 5:46 pm
Canada's second-largest pension manager, Caisse de Depot et Placement du Quebec, announced that it intends to fully exit its investments in oil-producing assets by year-end 2022. This covers approximately 1% of their $308 billion portfolios. They will reportedly retain their oil and gas pipeline holdings, which make up 2% of the portfolio.
Their largest production holdings are in firms such as Suncor and Canadian Natural Resources, with $0.8 billion in equity between those two companies. Moving forward, Caisse will focus on boosting its green energy assets by 50% to $42 billion by 2025 while also allocating $7.8 billion towards helping industrial firms reduce carbon emissions.well.
Their largest production holdings are in firms such as Suncor and Canadian Natural Resources, with $0.8 billion in equity between those two companies. Moving forward, Caisse will focus on boosting its green energy assets by 50% to $42 billion by 2025 while also allocating $7.8 billion towards helping industrial firms reduce carbon emissions.well.