Young Canadians Sue CPP Investments Over Climate Risks
Plaintiffs allege the Canada Pension Plan is exposing their retirement savings to unnecessary risk by underestimating climate change impacts.
Canada’s largest pension fund is being sued by four young Canadians who claim that CPP Investments is failing to properly manage climate-related financial risk.
The four allege in a lawsuit filed in the Ontario Superior Court of Justice that the investment manager for the Canada Pension Plan is breaching its duty to invest in their best interest, and subjecting their contributions to undue risk of loss by its approach.
CPP Investments is breaching its duty to invest in their best interest, and subjecting their contributions to undue risk of loss by its approach.
Author's summary: Young Canadians sue over climate risk management.
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