Close X
Wednesday, January 15, 2025
ADVT 
National

CPP breaking rules on politics: environment group

Darpan News Desk The Canadian Press, 28 Sep, 2020 09:16 PM
  • CPP breaking rules on politics: environment group

An environmental group says the Canada Pension Plan is dodging rules that say its money cannot be used for political ends.

John Bennett of Friends of the Earth says the national plan owns a Colorado energy company that has spent more than $600,000 backing industry-friendly political candidates and lobbyists.

Crestone Peak Resources is 95 per cent owned by the Canada Pension Plan.

One of the company's five directors also works for the pension plan.

The plan's code of conduct forbids political donations -- either made directly or through a third party -- that could benefit its businesses,

Bennett says CPP officers refused to divulge the environmental and social guidelines that were used to evaluate Crestone's business.

MORE National ARTICLES

University of Victoria hires new president

University of Victoria hires new president
A year-long search for a new president has taken the University of Victoria to Australia to hire a Canadian man.

University of Victoria hires new president

RCMP charge man after drugs, weapons, cash seized

RCMP charge man after drugs, weapons, cash seized
A five-month investigation in B.C. has resulted in charges against a man in what Ridge Meadows RCMP say is the largest seizure of drugs, weapons and cash in the detachment's history.

RCMP charge man after drugs, weapons, cash seized

Food surplus program finally rolls out

Food surplus program finally rolls out
More than 12 million eggs will be redistributed via an emergency federal program designed to help farmers faced with too much food and nowhere to sell it due to the COVID-19 pandemic.

Food surplus program finally rolls out

Top court won't review disclosure ruling

Top court won't review disclosure ruling
The Supreme Court of Canada will not review a judge's decision to grant author Steven Galloway access to emails between a woman who accused him of sexual assault and staff at the University of British Columbia.

Top court won't review disclosure ruling

Wage subsidy could cost less than expected

Wage subsidy could cost less than expected
Canada's official fiscal watchdog says the federal wage subsidy program might cost $14 billion less than the government predicted.

Wage subsidy could cost less than expected

WE Charity scales back operations

WE Charity scales back operations
WE Charity is scaling back its operations, making dozens of layoffs in Canada and the United Kingdom, while also looking to sell some of its real estate holdings in Toronto.

WE Charity scales back operations