Canada Pension Plan Investments has dropped a net-zero by 2050 target for carbon emissions, according to an annual report released on Wednesday, following several Canadian financial institutions that have backtracked on climate commitments.
Several major Canadian banks, including BMO, TD Bank and CIBC, have also backtracked on climate commitments this year, announcing they were leaving a Net-Zero Banking Alliance backed by the United Nations.
Tough call on this one.
Net neutral is essential but so is a strong retirement safety net. With demographic decline, increasing lifespans and whatever other fun the world throws our way in the next while… Well, you want that bad boy maxed out.
I’m also super curious how some of the cop’s investments are classified. If memory serves, it owns a chunk of highways and airports so how are those calculated in terms of carbon?