Canada's CDPQ to quit oil next year as part of ambitious net-zero portfolio by 2050 strategy
CDPQ has an ambitious new plan to fight the climate crisis, which includes a complete exit from oil assets by the end of 2022.
Canadian institutional investor CDPQ (Caisse de dépôt et placement du Québec) has surpassed the targets of its initial 2017 climate strategy and is now looking to intensify its efforts in achieving a net-zero portfolio by 2050, the fund announced last month.
Leong Wai Leng,
CDPQ
Leong Wai Leng, managing director and regional head of Asia Pacific for CDPQ told AsianInvestor that between 2017 and 2020, the pension fund increased the value of its green assets from C$18 b…
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