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Canadian Pension Funds Risk Billions in Fossil Fuel Investments

10/29/2025

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Summary

Story summary

Canadian pension funds are investing billions of dollars in fossil fuels, risking contributors' retirement savings.
New research shows these funds face greater climate-related risks than peers abroad, potentially reducing returns by 50% by 2050.
La Caisse has divested from fossil fuels and earned stronger returns, while the Canada Pension Plan Investment Board (CPP Investments) is criticized for locking in exposure.

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Story summary

Canadian pension funds are investing billions of dollars in fossil fuels, risking contributors' retirement savings.
New research shows these funds face greater climate-related risks than peers abroad, potentially reducing returns by 50% by 2050.
La Caisse has divested from fossil fuels and earned stronger returns, while the Canada Pension Plan Investment Board (CPP Investments) is criticized for locking in exposure.