• Privacy Policy
  • About Us
  • Contact Us
Climate Change Dispatch
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
Climate Change Dispatch
No Result
View All Result

Canada Pension Plan Putting Savings At Risk With Climate Do-Gooding

by Matthew Lau
February 16, 2022, 9:18 AM
in News and Opinion
Reading Time: 3 mins read
A A
1

canada pension plan site“It’s always so attractive,” Milton Friedman said, “to be able to do good at somebody else’s expense.”

It must be very attractive to be in the position of the do-gooders controlling the investments of the Canada Pension Plan, who have at their mercy some 20 million people in the category of “somebody else” and some $550 billion in cumulative forced contributions at their disposal to accomplish their arbitrary notions of good.

As a recent missive from CPP Investments states, “We commit our portfolio and operations to [be net-zero] of GHG emissions across all scopes by 2050.”

Good grief! The job of a fund manager entrusted with managing other people’s money, absent contrary instructions from the people to whom the money belongs, is to invest it to maximize financial returns without taking inappropriate risks.

Catherine McKenna, the former Liberal environment minister who foreshadowed the pernicious politicization of the CPP by declaring in 2018 that “Canadians can be proud” of the pension fund investing billions in renewable energy, might be fine with her retirement savings being invested to stop global warming.

The same cannot be said for millions of other Canadians who are forced, by virtue of working, to pay into the program.

Of course, CPP Investments claims that its net-zero strategy is consistent with its mandate “to invest the assets of the CPP Fund with a view to achieving a maximum rate of return without undue risk of loss.”

Supposedly the companies that are decarbonizing are also the ones that will provide the highest returns on investment.

Yet as the CPP do-gooders make clear in their 10-page backgrounder, “Investing in the path to net-zero,” their objective is not simply to maximize returns based on where the economy is headed.

Instead, it is to use other people’s money to push the economy in their preferred direction, which is informed by disproportionate climate concerns.

“We contribute to global standard-setting that fosters economy-wide GHG emissions reductions and company-specific disclosure on the path to net-zero,” the document reads.

Elsewhere: “CPP Investments proposes market adoption of a reporting framework that will direct companies to project their capacity to abate greenhouse gas (GHG) emissions.”

And there is the expectation for “companies to report on Environmental, Social and Governance (ESG) factors relevant to their industries and investment decision-making. We support and publicly advocate for organizations to align their reporting with the Task Force on Climate-related Financial Disclosures (TCFD).”

A perusal of the entire document makes clear that the CPP do-gooders are squarely focused on climate change activism, pushing the world’s economies to net-zero emissions, and imposing “stakeholder” obligations and environmental regulatory burdens on corporations.

And just as CPP Investments is abandoning its responsibility to achieve maximum returns, it is pushing for an economic framework that browbeats corporate boards into similarly abrogating their responsibilities to shareholders — that is, to increase risk-adjusted profits — and instead devote company resources to climate reporting, decarbonization, and participating in raising climate alarm.

CPP Investments does not plan to divest from oil and gas companies, but instead will leverage its position in those and other companies to achieve its goal of “focusing boards on climate change.”

CPP Investments plans to vote against reappointing directors who are insufficiently climate-concerned, and if their “expectations on climate-related oversight are not being met,” it will divest from those companies.

Doing so supposedly will improve investment returns because insufficient corporate climate concern impairs shareholder value — a dubious claim, to say the least.

Meanwhile, CPP Investments’ demands for climate standards and reporting really do destroy shareholder value.

To make matters worse, while CPP Investments looks to impose ever more climate obligations on the companies it invests in, it declares that it is already imposing significant climate costs on the Canadians whose money it is managing by making its internal operations carbon-neutral by the end of next fiscal year.

How much of other people’s money is CPP Investments spending to make itself carbon-neutral? It surely cannot be cheap.

When it was founded in 2000 the organization had five employees, but according to its 2021 annual report, it now has 1,936 full-time employees, nine global offices, and $1.4 billion in annual operating expenses.

The CPP Investments annual report, like its net-zero document, expresses support for “the decarbonizing of our economic system,” which “requires fundamental change in the real economy.”

Both reports make for depressing reading and should engender from all Canadians tired of seeing their money wasted the response: “Spare me the do-gooding and give me my money back.”

Read more at Financial Post

  • Truth
  • Twitter
  • Facebook
  • LinkedIn
  • Gettr
  • Threads
  • gab-logo Gab
  • Mastodon
  • Buffer
  • Telegram
  • Email
  • Copy Link
  • Share Using More Networks…

Popular Posts

Electric Vehicles (EVs)

The ‘Green’ Scam Of The Century: How ‘Renewables’ Increase Fossil Fuel Demands

Oct 23, 2024
News and Opinion

Antarctica Is Colder, Icier Today Than At Any Time In 5,000 Years

Apr 15, 2024
Energy

30-Plus Signs That The Climate Scam Is Collapsing

Apr 09, 2025

Comments 1

  1. Spurwing Plover says:
    4 years ago

    Canadians need to dump this Imbecile Trudeau on the top of his head so he can go bounding around on the top of his head like a Super Ball

Stay Connected On Social Media

gab-logo

Donate Today

Beating back the alarmist narrative takes time and money. Please donate today to help!

Recent Posts

  • Exxon gas stationExxonMobil Sues California Over Forced Speech, Climate Reporting Laws
    Oct 28, 2025
    ExxonMobil says California’s disclosure and reporting laws violate its free speech by forcing the company to accept the state’s view on climate change. […]
  • cop30‘UN COP FLOP’: Most Countries Will Miss Climate Targets Ahead Of Major Summit
    Oct 28, 2025
    Most countries are set to miss their climate pledges as the UN COP30 summit nears, highlighting global inaction despite international commitments. […]
  • mosquitoes swarmingMeteorologist: Iceland’s Mosquitoes A Byproduct Of Global Shipping, Not Global Warming
    Oct 28, 2025
    NPR blames climate change for mosquitoes in Iceland, but a meteorologist shows how they arrived by global shipping, not warming. […]
  • clouds sun earthNew Study Finds Recent Global Warming Mostly Driven By Natural Forces—Not CO2
    Oct 27, 2025
    Recent warming is largely due to natural climate factors, with only one-third linked to rising greenhouse gases, new study shows. […]
  • Poverty in IndiaHow Climate Dogma Is Keeping The World’s Poor In The Dark
    Oct 27, 2025
    Western climate policies keep billions in poverty by denying developing nations access to affordable energy, all in the name of climate change. […]
  • EU's Ursula Von Der Leyen and TrumpUS Pressures Europe To Roll Back Climate Mandates, Targets Net Zero Policies
    Oct 27, 2025
    The Trump administration urges EU to weaken rules on emissions and sustainability, citing risks to trade and energy reliability. […]
  • aoc dollarClimate Tightwads: Most Americans Reject $1 Monthly Carbon Fee, Poll Shows
    Oct 27, 2025
    Most Americans won’t pay $1 a month to fight the so-called threat of human-caused climate change, new AP-NORC/EPIC poll shows. […]
  • Surface miningTrump Moves To Break Communist China’s Grip On Rare Earth Minerals
    Oct 27, 2025
    Trump moves to break Communist China’s control over rare earth minerals critical to U.S. technology and defense. […]
  • COP30 Amazon17 Republican AGs Urge Trump Admin To Skip COP30 Over Green Energy Policies
    Oct 24, 2025
    The attorneys general say attending COP30 would back costly, unreliable wind and solar and risk U.S. energy security. […]
  • severe storm over cityClimate Expert Reveals Latest Scandal Tied To Billion-Dollar Disasters
    Oct 24, 2025
    Climate Central takes over the Billion-Dollar Disasters tabulation, sparking fresh controversy over its methods and motives. […]

Get Instant Email Notifications

Subscribe to receive a digest of daily stories, or get emailed once they're published. Check your Junk/Spam folder for a verification email.

Submit a tip

Please enter your email, so we know you're human.

Books You May Like

exposing great lie

Have a suggestion? Let us know! We swap out books based on your input. We participate in the Amazon Services LLC Associates Program. See here.

  • About
  • Privacy Policy
  • Contact Us

© Portions copyright Climate Change Dispatch

No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us

© 2025 Climate Change Dispatch

 
Share via
  • Facebook
  • Like
  • Twitter
  • Pinterest
  • LinkedIn
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky
Share via
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky