The federal office tasked with ensuring the long-term health of Canadians’ pensions is underestimating one of the biggest threats to people’s retirement plans — climate change, says an advocacy group.
The Office of the Chief Actuary (OCA) is failing to capture the financial risks of climate change in its long-term assessments of the Canada Pension Plan (CPP) and other public funds, warned advocacy group Shift: Action for Pension Wealth and Planet Health in an email to Chief Actuary Assia Billig early this morning.
Big banks across the world are substantially increasing their financing of the fossil fuel industry, including for the industry’s expansion during a time of intensifying climate crisis, all while pulling back from previously stated climate commitments.
Adrian Dix wants British Columbia to be like Norway.
The province’s Minister of Energy and Climate Solutions expressed that aspiration during a recent, lengthy interview in his Vancouver riding. It would mean being a leading supplier of fossil fuels to the world, while also being a leader in the pivot away from them domestically.
