While actively putting Canadian coal miners out of work, the Canadian government, through its agency the Pension Plan Investment Board, was keeping Chinese coal miners working.
Blacklock’s Reporter has all the details.
“Records show the Pension Plan Investment Board bought shares in 21 publicly-traded China coal operators, distributors, and utilities including $3 million in the Pingdingshan Tianan Coal Mining Co.; $8 million in Huolinhe Opencut Coal Industry Corp; $13 million in China Coal Energy Co. Ltd., operator of twelve mines; $14 million in China Resources Power Holdings Co. Ltd., distributor of coal in six Chinese provinces; and $17 million in Shanxi Meijin Energy Co. Ltd.”
The Canadian government, while heading up the self-flagellating performance art that is the global Powering Past Coal Alliance is investing heavily in Chinese coal companies.
Chinese workers will have jobs in the coal industry supported by Canadian money, but, according to labor organizations, the Trudeau government has not moved forward on the promised so-called “just transition” away from reliable, well paying Canadian jobs in the coal industry.
But the double standard is a reoccurring theme.
Last month we learned the real story behind former environment minister McKenna’s 2017 green-tech trade mission to China.
She brought with her companies from the Canadian industry, including crooked Quebec based engineering firm and perennial Liberal darling, SNC-Lavalin, who were there to offer solutions that would keep China using coal for the indefinite future.
She did this while sacrificing entire Canadian communities on the altar of green energy.
Read more at Rebel News
Even Dudley Doright would,nt make blunder like this
Congratulations must go out to the CPPIB for looking out for the CP pension funds. That is their mandate and that is exactly what they are doing. This is clear evidence the CPPIB has little confidence in the future of the Canadian economy that is being attacked by the Trudeau Liberals. The CPPIB has no choice but to invest our money in countries and industries that show a reasonable rate of return and security. Thankfully there is one Canadian Institution that is looking out for Canadians. The Liberals sure as hell aren’t.
Yes indeed. Trudeau, encouraged no doubt by his Svengali, Gerald Butts, has taken the Liberal Party far into leftist dogma — and damaged the economy, social cohesion, and the mental health of many Canadians. Thank goodness the CPPIB is afflicted with the same dogma.
Arrgh, auto-correct. I meant “isn’t afflicted”.
This is proof that Trudeau does not meddle in our Pension investment strategy. This is a good thing.
Way to go, Canada
I can’t imagine a ” GREENER ” policy
That’s right send all the jobs over to one of the worlds #1 Polluters that real’y makes sense
Climate alarmism and hypocrisy are always found close together. In that sense, this is not surprising at all.