An analysis by a group of B.C. researchers finds Canada's largest pension plan has increased investment in oil and gas companies by at least 7.7 per cent since the country signed the Paris Agreement in 2016.
Long-term investors require continued economic growth. Study after study has found that such growth will come from investing in climate solutions, not from continuing to focus on fossil fuel infrastructure that is destined to be written off as stranded assets.
A report commissioned by President Trump’s Commodity Futures Trading Commission issued dire warnings about climate change’s impact on financial markets.
Lenders and investors, under pressure to act on climate change, have stopped funding Alberta's vast oil-sands developments, and the province is fighting back.
