The Canada Pension Plan Investment Board has invested billions in fossil fuel expansion in the United States since Trump’s return to office.
The Canada Pension Plan Investment Board (CPPIB) is financing — and profiting from — U.S. President Donald Trump’s fossil fuel and AI development agenda, DeSmog has learned.
The CPPIB has invested billions in fossil fuel expansion in the U.S. since Trump’s return to office. It has partnered with private equity firms to acquire American oil and gas producers, and financed AI companies like Elon Musk’s xAI.
German scientists are warning that global warming is accelerating, that the planet could heat by as much as 3 C over pre-industrial levels by 2050 — just 24 years from now — and that we could exceed 5 C of warming by the century’s end.
This should be top headline news. It should alarm us all. It should spur politicians to urgent action.
British Columbians might be surprised to learn they are among the world’s most aggressive extractors of climate-destabilizing fossil fuels, per capita — and major projects that are already being built aim to make the province’s contribution much worse.
Seven charts help tell the story of how we got here.
