Close X
Saturday, November 30, 2024
ADVT 
National

Pension Managers Must Consider Climate-Change Risks: Legal Study

The Canadian Press, 08 Sep, 2015 11:51 AM
    A legal study says climate change is one of the biggest risks faced by Canadian pension plans and trustees will be increasingly forced to take it into account.
     
    One of Canada's leading pension law firms says plan managers may be forced into advocating public policy changes to fulfil their legal duty to keep plans growing.
     
    The Toronto-based firm of Koskie and Minsky concludes that climate change is an especially big issue for fund managers because they need to plan more long-term than other investors.
     
    Increasing temperatures are expected to create profound changes in the global economy and an uncertain regulatory environment.
     
    The report concludes managers may have a duty to speak out on greenhouse gases to protect the pensions they oversee.
     
    The report was commissioned by SHARE, a non-profit environmental investment consultancy that advises on about $14 billion worth of assets.

    MORE National ARTICLES

    Photo Project With The New Yorker Magazine Features Residential School Survivors

    Photo Project With The New Yorker Magazine Features Residential School Survivors
    International photojournalist Daniella Zalcman has partnered with The New Yorker magazine to show her project on Canada's residential school survivors.

    Photo Project With The New Yorker Magazine Features Residential School Survivors

    Manitoba Government Adds Support Money For Syrian Refugees

    Premier Greg Selinger says an extra $40,000 is being given to settlement service providers in the province, so that they can accommodate hundreds more refugees in the coming months.

    Manitoba Government Adds Support Money For Syrian Refugees

    First Byelection Since NDP Victory In Alberta Goes To Wildrose Party

    First Byelection Since NDP Victory In Alberta Goes To Wildrose Party
    Wildrose Leader Brian Jean, a former Conservative MP under Harper, told party supporters to take a short breather before getting back to the campaign grind.

    First Byelection Since NDP Victory In Alberta Goes To Wildrose Party

    Conservative Yukon Election Candidate Makes Late-night Arrest Of Sign Vandal

    Conservative Yukon Election Candidate Makes Late-night Arrest Of Sign Vandal
    WHITEHORSE — A Conservative federal election candidate in Yukon donned in camouflage gear emerged from the bush on a dark, rainy night to catch someone vandalizing his campaign signs.

    Conservative Yukon Election Candidate Makes Late-night Arrest Of Sign Vandal

    Judge Reserves Decision On Challenge Of Montana's Execution Methods

    Judge Reserves Decision On Challenge Of Montana's Execution Methods
    CALGARY — A judge has reserved his decision on a constitutional challenge of Montana's execution methods that is likely to impact a Canadian on death row there.

    Judge Reserves Decision On Challenge Of Montana's Execution Methods

    No 300,000 Fine For NHL Owner Who Damaged B.c. Fish Habitat: B.c. Supreme Court

    Tom Gaglardi and his company, Northland Properties, were convicted in provincial court in August 2014 on two counts each of harmful alteration of a fish habitat.

    No 300,000 Fine For NHL Owner Who Damaged B.c. Fish Habitat: B.c. Supreme Court