oil and gas – Benefits Canada.com

OMERS committing to net zero, UPP facing divestment calls from university staff

bwolfe — Mon, 29 Nov 2021 14:00:44 +0000

The Ontario Municipal Employees Retirement System is the latest pension plan to commit to net-zero greenhouse gas emissions across its total portfolio by 2050. In a press release, the OMERS said its path to net zero will be informed by the annual calculation and public disclosure of its total portfolio carbon footprint. The release also […]

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CPPIB investing in oilfield drilling company, Caisse in SAP firm

Gideon Scanlon — Tue, 17 Aug 2021 13:00:23 +0000

The Canada Pension Plan Investment Board is investing about $12.825 million in common shares of a Calgary-based oil and gas infrastructure service provider. The pension plan purchased common shares in CWC Energy Services Corp. from a third-party investment fund that represents about 17 per cent of total equity. The transaction comes as the CPPIB faces scrutiny […]

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Biden presidency accelerating shift toward sustainable investing

mschmit — Thu, 21 Jan 2021 05:00:05 +0000

TC Energy Corp. is suspending work on the Keystone XL pipeline as a growing movement to divest from fossil fuels gains momentum. Just hours after his inauguration, U.S. President Joe Biden revoked the pipeline’s presidential permit, issued by his predecessor former President Donald Trump. The energy company had recently announced plans to decarbonize the pipeline and achieve net […]

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‘Dear Canada’: Colorado climate group appeals to Canadians over CPPIB-owned energy firm

mschmit — Wed, 21 Oct 2020 06:29:51 +0000

A U.S. environmental group is making a direct appeal to Canadians for help in persuading the Canada Pension Plan Investment Board to end its investment in a Colorado-based oil and gas company due to safety and pollution concerns. In a five-minute YouTube video by an organization called 350 Colorado, residents of Boulder ask Canadians to […]

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Legal analysis suggests CPPIB not doing enough to transition to lower-carbon assets

mschmit — Fri, 18 Sep 2020 05:20:45 +0000

The Canada Climate Law Initiative is calling into question whether the Canada Pension Plan Investment Board is sufficiently aligning its investments with the transition to a low-carbon economy. In a legal analysis, the organization said the pension fund’s current allocations to high-carbon assets reveal a “troubling incrementalism” within its efforts to mitigate Canadians’ exposure to […]

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Caisse ups stake in Brazilian oil and gas transport company

mschmit — Wed, 22 Jul 2020 11:15:05 +0000

The Caisse de dépôt et placement du Québec, along with French utility company Engie, is acquiring the remaining 10 per cent stake in Brazilian oil and gas transportation network company Transportadora Associada de Gás. Together, the two entities bought 90 per cent of the enterprise in 2019. The latest transaction is valued at about €160 million and brings Engie’s […]

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What’s dragging down the Canadian economy as the world reopens?

mschmit — Wed, 24 Jun 2020 05:15:07 +0000

Along with the rest of the globe, Canada isn’t likely to see the V-shaped recovery that institutional investors were hoping for as it stares down the recessionary road ahead. “Canadian activity was also on the softening path even at the end of last year,” says Irene Lauro, an economist at Schroders. “And this is because […]

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What opportunities does the oil glut offer Canadian pension portfolios?

mschmit — Thu, 23 Apr 2020 06:20:42 +0000

With crude oil futures contracts crashing through the floor into negative territory at the beginning of the week, what opportunities are opening up for institutional investors? Panic set in on commodity trading floors on Monday because physical storage options for oil were filling up fast, with much less demand for petrol from consumers due to […]

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Were market reactions to U.S. tensions with Iran a flash in the pan?

mschmit — Tue, 14 Jan 2020 05:45:01 +0000

When news hit that the U.S. military had carried out an attack that killed Qasem Soleimani, the major general of Iran’s Islamic Revolutionary Guard Corps, institutional investors watched as markets saw something of a flight to safety. Gold is currently hovering near a five-year high. Brent crude spiked to close to US$71 off the back of the […]

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Proposed Alberta Pension Plan has underwriting, political risks: report

mschmit — Mon, 13 Jan 2020 05:15:29 +0000

A potential Alberta Pension Plan would expose Albertans to material underwriting risks and the potential for political involvement in decisions about the plan’s investment policy, according to a new report. The report — authored by Keith Ambachtscheer, founder of KPA Advisory Services Ltd. and adjunct professor at the University of Toronto’s Rotman School of Management — also estimated […]

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