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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 4h

🌍 There is no retirement security without a safe climate future to retire into. It could become impossible for pension funds to fulfill their mandate if we fail to limit global warming to safe levels. Take action today. Tell your pension fund to protect your savings and the climate.

Take Action — Shift - Protect Your Pension and the Planet

www.shiftaction.ca

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 4h

📉 For our pension funds - the institutions we’ve put our trust in to help secure our retirement future – the warning should be clear: “Even well-diversified investments can’t offer protection if the entire market is exposed to climate-driven instability.”

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 4h

❗ From seniors having to dig into their long-term savings to rebuild after climate-fueled storms to people losing their home insurance due to wildfires, this long read explores the contradictions of pension funds investing in fossil fuels while their own members pay for the costs of climate change.

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 4h

⚠️ The climate crisis is causing us all to re-think the very idea of retirement.

Climate Change Puts A Generation’s Retirement On The Line

Early retirement withdrawals for hardship have tripled since 2020, as disasters strike and insurance fails–leaving workers on their own in old age.

inthesetimes.com

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 6d

🌏Shift's director Adam Scott tells the Wall Street Journal that recent climate policy reversals contradict almost a decade of Mark Carney's climate advocacy.

🔗https://www.wsj.com/world/americas/mark-carneys-shift-from-climate-change-warrior-to-fossil-fuel-cheerleader-97d17782 (paywalled)

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 11d

⏳ The Canada Pension Plan must put our best interests first. That means real climate leadership—not doubling down on fossil fuels. #CPPIB #ClimateFinance #FossilFree

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 11d

Canada’s largest public investor is putting our pensions—and the planet—at risk. It’s time to divest from fossil fuels and fund a climate-safe future.

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 11d

In just two weeks, CPPIB invested:
• $4.1B in fossil gas giant Sempra
• $1.4B in US fossil power company AlphaGen
• $717M into more oil production via CRC

These are massive bets on fossil fuel expansion—with no credible path to net zero and no plan to phase out risky assets.

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 11d

Meanwhile, CPPIB spotlighted Wolf Midstream—an Alberta fossil infra firm—as a success story, ignoring its role in locking in decades of carbon pollution.

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 11d

On Monday, CPPIB CEO John Graham said they’re eyeing more “nation-building” projects like the Trans Mountain pipeline. “We like oil & gas pipelines,” he told the Financial Post.

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 11d

📉 This week’s Canada Pension Plan climate update: CPPIB is still pouring billions into fossil fuels—despite a year of record heat. Let’s break it down. 🧵

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 12d

👋 Come say hi! Shift’s Senior Manager Laura McGrath will be speaking about climate change and healthcare pensions this Friday during Toronto Climate Week. greenhealthcare.ca/tocw-2025/
#TorontoClimateWeek #planetaryhealth

Toronto Climate Week Inaugural Event 2025 - Canadian Coalition for Green Health Care Inc.

Are you driving change at the intersection of health and climate? The Canadian Coalition for Green Health Care, in partnership with PEACH Health Ontario and the Hamilton Family Health Team, is hosting...

greenhealthcare.ca

Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 21d

⚡ Quebec's pension fund Le Caisse is acquiring Australia’s @Edify Energy for $1 billion.

🐨 Edify combines utility-scale solar generation with battery storage.

🏆 This is a smart financial play that will also accelerate the energy transition.

🔗Read more: www.theglobeandmail.com/business/art...

Caisse de dépôt et placement du Québec to buy Australia’s Edify Energy

Quebec pension fund expects to commit about $1-billion in a deal for the renewable energy and battery developer, part of a push to expand in the region

www.theglobeandmail.com

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 27d

PSP once led with climate ambition. Now? Not so clear.
Its 2025 climate report lacks urgency & long-term planning.
Without renewed targets, how does it plan to protect its members’ long-term interests?
📉 Ambition from 2022 seems to be slipping.
#climatefinance #netzero

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 27d

What’s missing from PSP’s 2025 climate reporting?
❌ No net-zero commitment
🌍 Mentions of global net-zero goals = gone
❓ Silence on 50% transition plan target
🛑 No new post-2026 climate targets
🔗 For context: Shift’s PSP analysis to December 2024

PSP – Report Card 2024 — Shift - Protect Your Pension and the Planet

Shift's 2024 Canadian Pension Climate Report Card assesses large Canadian pensions on their management of climate-related risks. Find out how PSP scored.

www.shiftaction.ca

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · 27d

Highlights from the Public Sector Pension Investment Board (PSP)'s 2025 climate disclosures 👀
✅ Progress toward 2026 targets
✅ More green assets
✅ Less exposure to carbon-intensive assets
🤨 5 board members with climate expertise–one also sits on Imperial Oil’s board. 🙄
🔗 PSP’s report

PSP Investments’ 2025 Climate-Related Financial Disclosures Report outlines advances in sustainability and climate practices

None

www.investpsp.com

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 11

Our national pension manager should safeguard long-term financial security – not fuel systemic economic and ecological risk. Read Shift's full breakdown of CPPIB’s summer of fossil fuel financing:

CPPIB Watch: A quarterly update on CPPIB-owned fossil fuel companies (July – September 2025) — Shift - Protect Your Pension and the Planet

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 pro...

www.shiftaction.ca

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 11

CPPIB poured $300M into gas-powered AI data centres, praised oil sands giant CNRL, and backs firms building pipelines, dodging pollution rules and lobbying against climate action. That’s not managing risk – that’s making bets on climate breakdown. #FiduciaryDuty

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 11

This summer of record wildfires and heat, Canada Pension Plan Investment Board (CPPIB) is doubling down on fossil fuels. Despite a mandate to manage Canadians’ retirement savings “without undue risk of loss,” it’s investing in assets tied to climate failure. #CPPIBWatch

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Reposted by Shift: Action for Pension Wealth & Planet Health

Ecojustice @ecojusticecanada.bsky.social · Sep 4

The new Building Canada Act (in Bill C-5) gives Cabinet power to fast-track projects they designate as serving the “national interest”.

Now, Cabinet will decide the criteria that a project must meet to be deemed in the "national interest".

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 3

National Gas is betting big on gas expansion - a strategy that is fundamentally misaligned with the low carbon transition that BCI claims to champion. BC pension plan members - send a letter to BCI today! www.shiftaction.ca/shiftbc

Canadian institutional investors navigating cloudy climate transition strategies from investee companies

Some of Canada’s largest institutional investors are looking for comprehensive and realistic climate transition plans from investees as part of an extensive due diligence process. However, Jennifer Co...

www.benefitscanada.com

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 3

Connecting these data centres to the fossil gas network would lock-in another 2.5 GW of gas-fired electricity– enough to power millions of homes. Expanding and prolonging the use of fossil gas conflicts with BCI's net zero ambitions and undermines the retirement security of BC pension plan members.

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 3

National Gas is 27.7% owned by British Columbia Investment Management Corporation (BCI), which claims it aims to support the global goal of net zero and align our portfolio to a low-carbon future.”
www.nationalgas.com/about-us/our...
Two senior staff from BCI sit on National Gas’ board.

Our history: National Gas

The story of National Gas as a stand-alone organisation began in March 2022, when National Grid plc announced its intention to sell a 60% equity stake in its Gas Transmission and Metering business. Th...

www.nationalgas.com

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 3

National Gas is actively pitching itself as the solution for data centers facing electricity grid delays. Chief Commercial Officer Ian Radley: "The national gas transmission network is ready to play a key role in facilitating this critical investment today."

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Shift: Action for Pension Wealth & Planet Health @shiftaction.bsky.social · Sep 3

🚨 Data centres want to connect up to 2.5 gigawatts (GW) of new fossil fuel capacity to the UK’s's gas transmission network– which is 28% owned by BC’s public pension manager.
www.ft.com/content/7540...

Data centres look to tap UK gas pipelines to meet power demands

Official enquiries about grid connection suggest need for speedy energy access will support fossil fuel use

www.ft.com

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