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submitted 20 hours ago by streetfestival@lemmy.ca to c/canada@lemmy.ca

Canada Pension Plan Investments has dropped a net-zero by 2050 target for carbon emissions, according to an annual report released on Wednesday, following several Canadian financial institutions that have backtracked on climate commitments.

Several major Canadian banks, including BMO, TD Bank and CIBC, have also backtracked on climate commitments this year, announcing they were leaving a Net-Zero Banking Alliance backed by the United Nations.

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[-] danielquinn@lemmy.ca 22 points 18 hours ago* (last edited 9 hours ago)

Dropping environmental concerns from a pension profile has got to be the worst sort of irony. What good is retiring with slightly more money if the world you're retiring into is literally on fire?

[-] cyborganism@lemmy.ca 7 points 18 hours ago

And think about what you're leaving behind.

this post was submitted on 21 May 2025
34 points (97.2% liked)

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