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

    WATCH: First Green Video Ad Flirts With Candidate Claire Martin's Old TV Persona

    WATCH: First Green Video Ad Flirts With Candidate Claire Martin's Old TV Persona
    B.C. candidate Martin reprises her weather routine, complete with a giant Canadian map, to deliver a decidedly optimistic party forecast.

    WATCH: First Green Video Ad Flirts With Candidate Claire Martin's Old TV Persona

    No Preliminary Hearing For Accused B.C. Polygamist, Case Heads Straight To Trial

    A lawyer prosecuting the accused polygamist leader of a fundamentalist Mormon commune has opted to forego a preliminary inquiry and head straight to trial.

    No Preliminary Hearing For Accused B.C. Polygamist, Case Heads Straight To Trial

    Waiting For Work: Canadian Retail Workers Face Volatility Of On-Call Shifts

    Waiting For Work: Canadian Retail Workers Face Volatility Of On-Call Shifts
    The rise of so-called precarious employment in Canada — mainly work in the services and retail sectors — has brought with it some questionable employer practices that have employees stressed out and labour activists fuming.

    Waiting For Work: Canadian Retail Workers Face Volatility Of On-Call Shifts

    Edmonton Police See Bleak Future For People Duped By Bogus Fortune Tellers

    They say victims across Canada have paid between $2,000 and $15,000 to self-proclaimed fortune tellers.

    Edmonton Police See Bleak Future For People Duped By Bogus Fortune Tellers

    Statistics Canada Says Trade Deficit Narrowed To $593 Million In July

    Statistics Canada Says Trade Deficit Narrowed To $593 Million In July
    Statistics Canada said Thursday that the trade deficit narrowed to $593 million in July from June's revised deficit of $811 million. The June deficit had initially been reported at $476 million.

    Statistics Canada Says Trade Deficit Narrowed To $593 Million In July

    Winnipeg Man Guido Amsel Accused Of Sending Letter Bombs To Hear Friday If He Gets Bail

    Winnipeg Man Guido Amsel Accused Of Sending Letter Bombs To Hear Friday If He Gets Bail
    Guido Amsel was back in front of a Winnipeg judge Wednesday for the second part of his bail hearing.

    Winnipeg Man Guido Amsel Accused Of Sending Letter Bombs To Hear Friday If He Gets Bail