Canada Pension Plan commits to only invest in companies devoted to net-zero emissions by 2050

The Canada Pension Plan (CPP) has committed to a goal of investing only in companies devoted to net-zero emissions by 2050.

That would put the CPP, which manages $550 billion in assets on behalf of Canadians, in line with targets established by the Paris climate agreement.

Many are applauding its move of not divesting from carbon-intensive industries, but choosing to support efforts to reduce carbon footprints.

John Graham, CEO of the CPP’s Investment Board, said, “We should be focusing on the carbon that is removed from the companies we invest in.”


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