To: Canada Pension Plan Investment Board, Investment Board of the Canada Pension Plan
Young Canadians are suing to protect the CPP. Join them in demanding action on climate risk.
Four young Canadians are suing the managers of the Canada Pension Plan (CPP) fund in a groundbreaking case, claiming that CPP’s investment leaders are mismanaging the financial risks posed by climate change while pouring billions into fossil fuel companies. CPP's fund managers must stop fuelling the climate crisis with our pensions: recommit to net-zero, phase out fossil fuels, and protect our financial future
Why is this important?
The Canada Pension Plan (CPP) is supposed to protect our future. But instead, the people managing our national retirement fund are gambling billions on oil, gas, coal and pipelines – putting the financial futures of 22 million Canadians at risk.
Now, four young Canadians are taking the managers of the CPP fund to court. This landmark case argues that CPP investment managers are failing to manage the financial risks of climate change while investing billions in fossil fuels – and in doing so, violating CPP’s legal duty to act in the best interests of contributors and future retirees.
This isn’t just reckless. It may be unlawful. And it's putting our pensions and our planet in danger.
Tell the CPP fund managers: stop fuelling the climate crisis with our pensions. Recommit to net-zero, phase out fossil fuels, and protect our financial future.