Fossil fuels make money, but so do renewables and a lot of other companies, which use energy much less directly. The issue is that a national pension fund is a government institution and the Canadian government gets a very real conflict of intresst between fighting climate change and paying pensions. So it is much better to invest in other fields. It does not have to be renewables.
Because that’s where the money is, and a pension fund’s one and only job is to make money.
Fossil fuels make money, but so do renewables and a lot of other companies, which use energy much less directly. The issue is that a national pension fund is a government institution and the Canadian government gets a very real conflict of intresst between fighting climate change and paying pensions. So it is much better to invest in other fields. It does not have to be renewables.