Canada Pension Plan Investments has dropped a net-zero by 2050 target for carbon emissions, according to an annual report released on Wednesday, following several Canadian financial institutions that have backtracked on climate commitments.

Several major Canadian banks, including BMO, TD Bank and CIBC, have also backtracked on climate commitments this year, announcing they were leaving a Net-Zero Banking Alliance backed by the United Nations.

  • sbv@sh.itjust.worksEnglish
    6·
    15 天前

    “Recent legal developments in Canada have introduced, kind of, new considerations around how net-zero commitments are interpreted, so that’s caused us to change a little bit how we talk about it, but nothing’s changed on what we’re actually doing.”

    I wonder if buddy intended his statement to have that double meaning.

    The comments by Graham came as the fund reported a net return of 9.3 per cent for its latest fiscal year, falling short of its benchmark portfolios’ return of 10.9 per cent.

    clearly the net zero commitment was the cause /s