Canadian pension funds diverge in approach to fossil fuels

Canadian pension funds have defended diverging approaches to fossil fuel investing in the face of criticism on the best route for investors to net zero. “We anticipate conventional hydrocarbons will remain a considerable share of primary energy supply for many years to come,” a spokesperson for CPP Investments, which invests C$550 billion ($440 billion) in assets of the Canada Pension Plan, told AsianInvestor. CPP does not employ exclusionary investment screens for oil, gas, coa…