I’m mad about this and I hate how powerless climate change makes me feel.
The climate crisis is bad for the economy. Any “fiscal conservative” concern-trolling about “not wanting to hurt the economy” by addressing the climate crisis is either a denier or a liar. They just want to keep on living their lavish, irresponsible lifestyles on their children’s dime.
These pension fund investments are just one vehicle for propping up their grotesquely unsustainable system until they die and can foot us with the bill.
Probably because of corporate lobbying.
Because that’s where the money is, and a pension fund’s one and only job is to make money.
Fossil fuels make money, but so do renewables and a lot of other companies, which use energy much less directly. The issue is that a national pension fund is a government institution and the Canadian government gets a very real conflict of intresst between fighting climate change and paying pensions. So it is much better to invest in other fields. It does not have to be renewables.
