CPPIB Watch: "A quarterly update on CPPIB-owned fossil fuel

[Oscar]

CPPIB Watch: "A quarterly update on CPPIB-owned fossil fuel companies (July – September 2025)"

Canada Pension Plan CPP Investments CPPIB

September 9, 2025

QUOTE: "Shift’s latest deep dive into the incompatibility of CPPIB’s fossil fuel investments and its climate obligation"

EXCERPT: "Amidst a sweltering summer of climate disasters, CPPIB doubles down on fossil fuels

Amidst another summer of heatwaves, droughts and wildfires forcing Canadians to flee their homes, the Canada Pension Plan Investment Board (CPPIB) continues to own and invest in companies that are prolonging the use of fossil fuels and making the climate crisis worse. In some cases, CPPIB is directly financing the expansion of oil and gas infrastructure, causing more carbon pollution to be pumped into the atmosphere and betting the world will fail to limit global warming to safe levels.

This is a reckless and irresponsible investment strategy for a pension fund that has a mandate to ensure the retirement security of Canadians decades into the future. As Michel Leduc, head of public affairs and communications for CPPIB, told the CBC in June, CPPIB has to invest for the long term, regardless of individual governments or administrations. "We're investing money for people who aren't even born yet," Leduc said. "That long-term thinking must be the strongest pillar of how we think about our investment strategy." . . . . "

[ https://www.shiftaction.ca/news/cppibs- ... l-sep2025/ ]