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CPP has lost out on $7B

Failure to divest carbon assets has cost pension plans $22B.

Failure to divest carbon assets has cost pension plans $22B, report finds - Business - CBC News

An analysis by Canadian research company Corporate Knights suggests that some of the world's largest pension plans, including CPP, Ontario Teachers' Pension Plan and OMERS, have lost billions of dollars by not exiting their carbon energy assets three years ago.

In an analysis published Monday, 14 of the world's largest public pension plans with collective assets in excess of $1 trillion US have lost out on $22 billion by not shifting out of coal, oil and gas stocks and into cleaner energy companies in 2012.

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