Canada
Canada Investment Summit tests investor appetite for fossil fuel infrastructure
As Canada opens the door to major institutional investors, its dealbook features a list of major oil and gas projects, will capital allocators see the appeal?
CPPIB introduces portfolio level transition governance indicator
Canada's largest pension fund has introduced a new transition indicator to complement its excisting carbon disclosures
Allianz, Zurich and KfW and FinDev Canada back new blended finance firm
Allianz, Zurich are among the major investors backing a new blended finance investment firm that aims to mobilise private capital to fund sustainable development in emerging markets and developing economies
OTPP’s flawed climate strategy would allow new gas investments
As Canada's largest pension funds grapple with escalating climate-related financial risks, Patrick DeRochie, senior manager at Shift Action argues that Ontario Teachers’ Pension Plan (OTPP)’s new climate strategy is a major step backwards
Trump’s trade war unintentionally accelerated Toronto’s energy transition
A trail of city council documents reveals Mayor Chow’s push for electrification in response to US protectionism
Scotiabank, RBC retire 2030 emissions targets in climate strategy overhaul
Scotiabank and RBC have withdrawn interim emissions reduction targets, with the former also retiring its 2050 net zero goal
La Caisse CEO says climate investment growing despite headwinds
New disclosures show $226bn invested in climate action investments, following the launch of a new climate investment strategy last year
Norges Bank, BCI, Brookfield launch $2.6bn renewable energy joint venture
NBIM will invest $425m for a 33.3% stake in Northview Energy, expanding private markets renewable energy portfolio
Ontario Teachers’ Pension Plan to double transition-aligned private investment by 2030
OTPP’s new climate investment strategy includes a goal to invest $70bn in transition-aligned private assets by the end of the decade
Climate investing gap among Canadian pension giants is widening, campaigners warn
The gap in climate ambitions among Canadian pension funds is widening, with some funds leading the way while others lag behind, according to new research
Climate fiduciaries: part III – mind the model gap
Climate models help pension funds estimate the financial costs of climate change, they are often imperfect. Do pension funds have a fiduciary obligation to critically engage with the models they adopt?