Lightnews — Scholar-powered news

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 4d

⏳ The Canada Pension Plan must put our best interests first. That means real climate leadership—not doubling down on fossil fuels. #CPPIB #ClimateFinance #FossilFree

2 2

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 4d

Canada’s largest public investor is putting our pensions—and the planet—at risk. It’s time to divest from fossil fuels and fund a climate-safe future.

1 1 2

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 4d

In just two weeks, CPPIB invested:
• $4.1B in fossil gas giant Sempra
• $1.4B in US fossil power company AlphaGen
• $717M into more oil production via CRC

These are massive bets on fossil fuel expansion—with no credible path to net zero and no plan to phase out risky assets.

1 1 2

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 4d

Meanwhile, CPPIB spotlighted Wolf Midstream—an Alberta fossil infra firm—as a success story, ignoring its role in locking in decades of carbon pollution.

1 1

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 4d

On Monday, CPPIB CEO John Graham said they’re eyeing more “nation-building” projects like the Trans Mountain pipeline. “We like oil & gas pipelines,” he told the Financial Post.

1 1

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 4d

📉 This week’s Canada Pension Plan climate update: CPPIB is still pouring billions into fossil fuels—despite a year of record heat. Let’s break it down. 🧵

1 2 2

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 5d

👋 Come say hi! Shift’s Senior Manager Laura McGrath will be speaking about climate change and healthcare pensions this Friday during Toronto Climate Week. greenhealthcare.ca/tocw-2025/
#TorontoClimateWeek #planetaryhealth

Toronto Climate Week Inaugural Event 2025 - Canadian Coalition for Green Health Care Inc.

Are you driving change at the intersection of health and climate? The Canadian Coalition for Green Health Care, in partnership with PEACH Health Ontario and the Hamilton Family Health Team, is hosting...

greenhealthcare.ca

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 14d

⚡ Quebec's pension fund Le Caisse is acquiring Australia’s @Edify Energy for $1 billion.

🐨 Edify combines utility-scale solar generation with battery storage.

🏆 This is a smart financial play that will also accelerate the energy transition.

🔗Read more: www.theglobeandmail.com/business/art...

Caisse de dépôt et placement du Québec to buy Australia’s Edify Energy

Quebec pension fund expects to commit about $1-billion in a deal for the renewable energy and battery developer, part of a push to expand in the region

www.theglobeandmail.com

3 4

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 20d

PSP once led with climate ambition. Now? Not so clear.
Its 2025 climate report lacks urgency & long-term planning.
Without renewed targets, how does it plan to protect its members’ long-term interests?
📉 Ambition from 2022 seems to be slipping.
#climatefinance #netzero

1 2

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 20d

What’s missing from PSP’s 2025 climate reporting?
❌ No net-zero commitment
🌍 Mentions of global net-zero goals = gone
❓ Silence on 50% transition plan target
🛑 No new post-2026 climate targets
🔗 For context: Shift’s PSP analysis to December 2024

PSP – Report Card 2024 — Shift - Protect Your Pension and the Planet

Shift's 2024 Canadian Pension Climate Report Card assesses large Canadian pensions on their management of climate-related risks. Find out how PSP scored.

www.shiftaction.ca

1 2 4

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 20d

Highlights from the Public Sector Pension Investment Board (PSP)'s 2025 climate disclosures 👀
✅ Progress toward 2026 targets
✅ More green assets
✅ Less exposure to carbon-intensive assets
🤨 5 board members with climate expertise–one also sits on Imperial Oil’s board. 🙄
🔗 PSP’s report

PSP Investments’ 2025 Climate-Related Financial Disclosures Report outlines advances in sustainability and climate practices

None

www.investpsp.com

1 1 3

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 27d

Our national pension manager should safeguard long-term financial security – not fuel systemic economic and ecological risk. Read Shift's full breakdown of CPPIB’s summer of fossil fuel financing:

CPPIB Watch: A quarterly update on CPPIB-owned fossil fuel companies (July – September 2025) — Shift - Protect Your Pension and the Planet

Amidst another summer of heatwaves, droughts and wildfires forcing Canadians to flee their homes, the Canada Pension Plan Investment Board (CPPIB) continues to own and invest in companies that are pro...

www.shiftaction.ca

1 2

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 27d

CPPIB poured $300M into gas-powered AI data centres, praised oil sands giant CNRL, and backs firms building pipelines, dodging pollution rules and lobbying against climate action. That’s not managing risk – that’s making bets on climate breakdown. #FiduciaryDuty

1 2 1

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 27d

This summer of record wildfires and heat, Canada Pension Plan Investment Board (CPPIB) is doubling down on fossil fuels. Despite a mandate to manage Canadians’ retirement savings “without undue risk of loss,” it’s investing in assets tied to climate failure. #CPPIBWatch

2 6 9

Reposted by Shift: Action for Pension Wealth & Planet Health

Ecojustice @ecojusticecanada.bsky.social · Sep 4

The new Building Canada Act (in Bill C-5) gives Cabinet power to fast-track projects they designate as serving the “national interest”.

Now, Cabinet will decide the criteria that a project must meet to be deemed in the "national interest".

1 21 22

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 3

National Gas is betting big on gas expansion - a strategy that is fundamentally misaligned with the low carbon transition that BCI claims to champion. BC pension plan members - send a letter to BCI today! www.shiftaction.ca/shiftbc

Canadian institutional investors navigating cloudy climate transition strategies from investee companies

Some of Canada’s largest institutional investors are looking for comprehensive and realistic climate transition plans from investees as part of an extensive due diligence process. However, Jennifer Co...

www.benefitscanada.com

2 1

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 3

Connecting these data centres to the fossil gas network would lock-in another 2.5 GW of gas-fired electricity– enough to power millions of homes. Expanding and prolonging the use of fossil gas conflicts with BCI's net zero ambitions and undermines the retirement security of BC pension plan members.

1 2 1

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 3

National Gas is 27.7% owned by British Columbia Investment Management Corporation (BCI), which claims it aims to support the global goal of net zero and align our portfolio to a low-carbon future.”
www.nationalgas.com/about-us/our...
Two senior staff from BCI sit on National Gas’ board.

Our history: National Gas

The story of National Gas as a stand-alone organisation began in March 2022, when National Grid plc announced its intention to sell a 60% equity stake in its Gas Transmission and Metering business. Th...

www.nationalgas.com

1

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 3

National Gas is actively pitching itself as the solution for data centers facing electricity grid delays. Chief Commercial Officer Ian Radley: "The national gas transmission network is ready to play a key role in facilitating this critical investment today."

1

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 3

🚨 Data centres want to connect up to 2.5 gigawatts (GW) of new fossil fuel capacity to the UK’s's gas transmission network– which is 28% owned by BC’s public pension manager.
www.ft.com/content/7540...

Data centres look to tap UK gas pipelines to meet power demands

Official enquiries about grid connection suggest need for speedy energy access will support fossil fuel use

www.ft.com

1 1 1

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 2

3/ Commonwealth LNG is a prime example of Canadians’ retirement savings being invested in private equity funds that finance oil & gas expansion– with virtually no transparency.
Send a letter to CPPIB today. #cdnpoli win.newmode.net/shiftaction/...

New/Mode | Make your voice impossible to ignore

win.newmode.net

2 2

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 2

2/ Commonwealth LNG was partly financed by the Canada Pension Plan.
In 2022, CPPIB committed US$100mn to Kimmeridge Fund VI, an American private equity fund, which used this money to buy fracked gas assets in Texas and help finance the Commonwealth LNG project. www.theenergymix.com/canada-pensi...

Canada Pension Plan Pours $100M into Fracking, LNG, as Biden Puts Industry Under Microscope

The pension fund that manages retirement savings for more than 21 million Canadians allowed US$100 million of those funds to be invested in industries now under the microscope after the Biden White Ho...

www.theenergymix.com

1 1 1

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 2

1/ Canadians might be angry to learn that an LNG terminal in Louisiana backed by $100 million from the Canada Pension Plan has been approved, “advancing President Trump’s energy dominance agenda.” #cdnpoli #uspolitics #LNG
www.offshore-technology.com/news/us-doe-...

US DoE grants final authorisation for Commonwealth LNG project

The US Department of Energy (DoE) has issued its final authorisation for Commonwealth LNG to export up to 1.21 billion cubic feet per day (bcf/d) of natural gas in liquefied form to countries without ...

www.offshore-technology.com

1 5 3

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Aug 29

“Many of Canada’s largest pensions are sleepwalking into a #climatecrisis with existential consequences for their members. The Chief Actuary needs to do its job by ensuring its statutory actuarial valuations of federal plans and programs actually reflect the reality of these risks.” #cdnpoli

The Energy Mix @theenergymix.com · Aug 29

Canada’s pension regulator is “sleepwalking into a climate crisis,” warns Shift (@shiftaction.bsky.social) & Ecojustice (@ecojusticecanada.bsky.social).

Underestimated climate risks could put $1T in CPP & PSPP savings at risk.

More: www.theenergymix.com/regulators-b...

Regulator’s Blind Spots Have Pension Funds ‘Sleepwalking Into Climate Crisis’, Shift Warns

With Canadian pension funds due to see their financial returns fall up to 50 of 60% by 2040 if average global warming reaches 3.7°C, the office that who oversees the financial health of the country’s ...

www.theenergymix.com

3 4

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Aug 28

The Office of the Chief Actuary is severely underestimating the systemic financial risks of climate change to pension plans and failing to assess the cascading economic and financial impacts of a rapidly warming world.

Read our letter to the OCA. #cdnpoli
www.shiftaction.ca/news/2025/8/...

Shift warns Canada's Chief Actuary is severely underestimating climate risks to public pension plans — Shift - Protect Your Pension and the Planet

Shift, represented by environmental law charity Ecojustice, has written to Canada's Office of the Chief Actuary (OCA) warning that the OCA is severely underestimating the systemic financial risks of c...

www.shiftaction.ca

27 26