Stop ‘Dithering’ as Climate Risks Rise, Pension Funds Warned

Canada’s pension funds are moving to address climate risk, but rising political uncertainty “raises stakes” for those falling behind, concludes an evaluation of the country’s largest pension managers.

“Canadian pension funds must recognize the power and influence they wield, both nationally and internationally, when they coordinate their climate policy efforts and speak with one voice to governments, regulators, and companies,” the organization states. But if investment portfolios support fossil fuel development, they could subject those retirement savings to assets at high risk of being stranded amid a global energy transition while contributing to worsening climate change.

“When pension funds invest in companies that can only succeed if the world fails to achieve its climate targets, they are betting on climate failure,” states the report.

Read the full post at The Energy Mix.