September 4, 2021 — CPP oil investment is on the rise

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September 4, 2021

CPP oil investment is on the rise by James Rowe, Jessica Dempsey & Zoe Yunker
Appeared in the Vancouver Sun on August 12, 2021

Gina's Thoughts

While this goes against what divestment activists are calling for, the CPP's continued investment in Canadian hydrocarbons is not surprising. Investment in Canadian hydrocarbons means investment in the most productive sector in Canada. It fulfils a pension plan manager's fiduciary duty to make investments that will provide a good return. And oil and gas is doing just that — the one year return for the S&P/TSX Capped Energy Index is 47%.

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