I wonder how many big monied cult groups are backing this, astroturfing it, and, if the youts have given up their own use of fossil fuels and made their lives carbon neutral?
Canada Pension Fund Sued by Young People Over Climate Risks
The Canada Pension Plan Investment Board was sued by a group of young people who claim the pension fund is putting their benefits in jeopardy by mismanaging climate-related financial risks.
Aliya Hirji, Travis Olson, Ravneet Singh and Chloe Tse, who don’t plan to retire until after 2050, allege in the lawsuit that the country’s largest pension fund breached its legal duties to them by failing to “prudently identify, assess or manage climate-related risks.” The suit, filed in Ontario’s Superior Court of Justice, also calls out the pension plan for its continued investments in fossil fuels.
CPPIB is “flying blind to the real risks of climate change and failing to protect the pensions of young Canadians,” Karine Peloffy, a lawyer and sustainable finance lead at Ecojustice who’s representing the investors with attorneys from Goldblatt Partners LLP, said in a statement.
CPPIB said in a statement that it intends to take whatever steps are necessary to uphold the interests of all Canadians who contribute to the pension plan. Climate change is “one of many material factors we consider in managing risk and pursuing opportunities across the whole economy over the long term,” CPPIB added.
But, they aren’t considering the scam enough for the youts. I hope the CPPIB lawyers ask the 4 plaintiffs, two of whom don’t even look to be Canadians, if they have stopped using fossil fuels in their own lives. And lawyer Peloffy. Sadly, they won’t.
The four Canadian workers, all under the age of 33, are seeking a range of declarations, including that CPPIB act “in the best interests of all contributors and beneficiaries,” and an order that CPPIB disclose more information about the climate-related risks in its investment portfolio.
It’s wild how these “young people” in their 30s/late 20s think that just because they have a been in their burr they are allowed to sue to force companies to comply. Why don’t they put their money in a fund that accords with their beliefs? Climalawfare to force compliance. What if the vast majority of investors do not give a flying shit about “climate-related risks”? And people wonder why I call the cult authoritarian.
Ecojustice said the case against CPPIB is 100%-funded by organizations and individuals who share the Canadian nonprofit’s vision as the country’s largest environmental law charity.
In other words, astroturfed.
Well, it’s Canada, so . . . .
Prak gasoline use in the USA happened before the Trump era cvid plague. It may never be that large ever again
Fossil fuel use IS declining slowly but surely
Teach’s beloved coal miners ? Good luck to them
Electrified vehicle sales going up and getting better every year
Some, not available in USA, have 600 mile range. Far longer than the bladder control of most buyers.
The reason that the world gasoline prices are lower is more because of a lack of demand in this very soft economy. Best by international trade concerns
UPS fired 300000 just before the biggest season is starting. They said they expected “weak” sales