Canada’s Fossil-Fuelled Pensions: The Case of the British Columbia Investment Management Corporation
Canada’s Fossil-Fuelled Pensions: The Case of the British Columbia Investment Management Corporation
Description
The report makes the following recommendations so that BCI can align its investments with the 2°C limit: 1. A portfolio-wide climate change risk analysis to determine the impact of fossil fuels on BCI’s public equity investments, and subsequent disclosure of all findings to pension members. 2. Divestment: freezing any new investment and developing a plan to first remove high-risk companies from portfolios, particularly coal and oil sands producers, and then moving toward sector-wide divestment.
