The pensions, all of which announced they would divest Russian investments in the wake of that country’s invasion ofIn response to questions from The Globe and Mail, several of the pensions would not explicitly confirm that those companies are indeed transporting any gas from Russia. In many cases, the companies merely transport customers’ gas, with no say in where it comes from or goes.
The Czech Republic imported 86 per cent of its natural gas from Russia in 2020, according to Eurostat. Patrick DeRochie of Shift Action for Pension Wealth and Planet Health, a climate advocacy group, said “pension funds can’t pretend that they aren’t responsible for the real-world impacts of the businesses they own, even if those businesses are heavily-regulated utilities.” Shift, which criticizes pensions for their holdings in carbon-based energy, brought the issue of the pensions’ European holdings to the attention of The Globe and Mail.
OMERS and the other three pension funds all made public comments about divesting Russian stocks in the first week of March as international pressure increased on large investors to pull out of the country. The four funds said Russia was not “an investment market” or that they had no “direct investments” in the country, suggesting Russian exposure was via stock-index investing.
Well, aren't you part and beneficiaries of Neo-Liberal/Globalized Capitalism?
They should be making a good return
can you find out if they got REITS?