U of T Says No to Divestment
University hangs on to fossil fuel holdings
- March 31, 2016 September 13, 2019
- 10:22
University hangs on to fossil fuel holdings
The University of Toronto has rejected recommendations to get rid of its holdings in the fossil fuel industry, but says it will consider environmental, social, and governance factors in making investment decisions. In a newly released report, university president Meric Gertler says divesting from fossil fuel companies would have limited impact because “such firms only account for one-quarter of Canada’s greenhouse gas emissions.” Read: Should institutional […]
Finance Minister Bill Morneau is firmly rejecting the idea of making Canada’s employment insurance fund independent of the federal government. Morneau tells The Canadian Press the current system works and there are no plans to change it. The NDP and Bloc Quebecois have long wanted the fund to be independent to prevent governments from using surpluses […]
Mark Wiseman, president and CEO of the Canada Pension Plan Investment Board and Michael Sabia, CEO of the Caisse de dépôt et placement du Québec, will be among the prominent business figures making up the federal government’s new advisory council, it was announced Friday. Finance Minister Bill Morneau unveiled the team, which will help draw up […]
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Three of Canada’s largest fund managers are part of a joint proposal by two bidders to buy and break up Asciano Ltd., an Australian rail, port and terminal group. The initiative involves the Brookfield Asset Management group, the British Columbia Investment Management Corp. and the Canada Pension Plan Investment Board. The Brookfield-led consortium includes the B.C. […]
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