Kommunal Landspensjonskasse has removed Cenovus Energy Inc., Suncor Energy Inc., Imperial Oil Ltd. and Husky Energy.
CTV News Chief Financial Commentator, Pattie Lovett-Reid, says the decision was made to reduce the fund’s tolerance threshold for companies with interests in the oilsands. KLP CEO Sverre Thornes is proud of the decision. "By going coal and oilsands free, we are sending a strong message on the urgency of shifting from fossil to renewable energy."President and CEO of CAPP, Tim McMillan, said attempts to stifle Canadian production by restricting financing will mean countries with lower environmental standards will fill the void.
Sent a msg to Jason Kenney pleading for vision on this matter. Alas, he's entrenched in the 'past'. 😥
Please make sure you understand the context. Equinor just started up their new Johan Sverdrup field in the North Sea. 2.7 billion bbls of recoverable reserves with a capacity of 660,000bbls/day. They are, to the benefit of Norway, just producing more from their own backyard.
This is just another sign as to where the world is heading. The age of fossil fuels is coming to an end. If Albertan leaders had any foresight they would have prepared for this. They put all their eggs in one basket and are now Albertans will pay the price.
Can Alberta‘s pension fund reciprocate?
This is hypocritical. Norway is one of the largest exporters of oil. Perhaps CTV news could mention this!
Didn’t Norway run out of oil.. now they claim they care about the environment? Hmmm 🤔
Wexit referendum now
Why is CTV tweeting on a story from Oct. 9? Slow news day?
With our own country pushing lies about the 'dirty' oilsands, are we surprised that other countries believe the BS. A big thank you to Trudeau, May, Singh. Now you can come pay the bills for Alberta. Trudeau, tell us again how you haven't contrived to shut down our economy.
Living is about to get much more expensive...
Here it comes. Recession.