TORONTO, also May 19 (Reuters) - The Canada Pension Plan Funding Board will maintain investment in the fossil fuel industry even as it seeks to meet its sustainability goal, CEO John Graham said on Thursday, adding that the fund is \u201ccautiously confident\u201d about market returns due to the Russia-Ukraine conflict, pandemic and supply chain considerations.<\/p>\n
Canada's largest pension fund, called CPP Investments, will now not exit energy companies on their way to net-zero goals, but will instead fund companies to help them transition against net-zero desires, it said. Graham.<\/p>\n
\u201cNow we cannot follow a path towards general disinvestment. We will continue to invest in energy, oil and gas and hard-to-abate sectors with the goal of being an active and engaged investor,\u201d Graham said in an interview.<\/p>\n
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CPP, which had C$539 billion ($420 billion) under management at the end of March, has set an intention to achieve net-zero gasoline greenhouse emissions by 2050 for its portfolio agencies and its own operations.<\/p>\n
About C$ 26 billion of CPP's cash is in sustainable energy through private equity investments.<\/p>\n
CPP Investments manages pensions for 21 million Canadians.<\/p>\n
is carefully analyzing inflationary trends, and Graham said the fund is banking on its diverse investment portfolio to protect retirees from unstable international markets.<\/p>\n
CPP delivered an internet return of 6.8% in the remaining fiscal year and generated a return of 11% over a decade. Investments in real assets such as infrastructure, real property and equities have helped the company achieve a \u201cplant-based hedge\u201d from inflationary pressures, Graham said.<\/p>\n
CPP said it has no direct investments in Russia, simply \u201cpassive, oblique\u201d investments via public markets. \u201cThey may also have some publicity for Russia. However, it is the management team and board of directors of these agencies that are working out what to do,\u201d said Graham.<\/p>\n
despite the Indian market providing lower returns this fiscal year, Graham said the CPP is still \u201cadvantageous for investing in India\u201d.<\/p>\n
($ 1 = 1.2823 Canadian dollars)<\/p>\n
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Reporting using Divya Rajagopal editing via Denny Thomas and Chris Reese<\/p>\n
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TORONTO, tamb\u00e9m 19 de maio (Reuters) – O Conselho de Financiamento do Plano de Pens\u00f5es do Canad\u00e1 manter\u00e1 o investimento na ind\u00fastria de combust\u00edveis f\u00f3sseis mesmo enquanto busca cumprir sua meta de sustentabilidade, apontou o CEO John Graham nesta quinta-feira, acrescentando que o fundo est\u00e1 “cautelosamente confiante” sobre retornos de mercado devido ao conflito R\u00fassia-Ucr\u00e2nia, […]<\/p>\n","protected":false},"author":8,"featured_media":1002,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-241","post","type-post","status-publish","format-standard","has-post-thumbnail","category-curiosidades"],"_links":{"self":[{"href":"https:\/\/noticias-gerais.online\/en\/wp-json\/wp\/v2\/posts\/241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noticias-gerais.online\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noticias-gerais.online\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noticias-gerais.online\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/noticias-gerais.online\/en\/wp-json\/wp\/v2\/comments?post=241"}],"version-history":[{"count":0,"href":"https:\/\/noticias-gerais.online\/en\/wp-json\/wp\/v2\/posts\/241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noticias-gerais.online\/en\/wp-json\/wp\/v2\/media\/1002"}],"wp:attachment":[{"href":"https:\/\/noticias-gerais.online\/en\/wp-json\/wp\/v2\/media?parent=241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noticias-gerais.online\/en\/wp-json\/wp\/v2\/categories?post=241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noticias-gerais.online\/en\/wp-json\/wp\/v2\/tags?post=241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}