A new legal analysis released by the Canada Climate Law Initiative “’Troubling Incrementalism’: Is the Canadian Pension Plan Fund Doing Enough to Advance the Transition to a Low-carbon Economy?” finds that the CPP’s approach to managing the financial risks of climate change may not be consistent with the best interests of Canadian beneficiaries and contributors.

The report launched provides in-depth legal analysis of six (out of a total of 15) private investments made by CPP Investments into oil and gas related companies: Wolf Midstream (North American oil pipelines), Nephin Energy (Irish natural gas), Crestone Peak Resources (Colorado fracking), Encino Acquisition Partners (US fracking), Teine Energy (Saskatchewan heavy oil), and Williams Ohio Valley Midstream (natural gas pipelines).