Trump admin seizes US$120,000,000 owned by the Canada Pension Plan Investment Board as stake in an offshore wind project, demands that it be invested in fossil fuel development instead.
Trump admin seizes US$120,000,000 owned by the Canada Pension Plan Investment Board as stake in an offshore wind project, demands that it be invested in fossil fuel development instead.
Why is the Canada Pension Plan investing in projects to improve the US in the first place? We should be improving our own lives and infrastructure.
https://www.cppinvestments.com/the-fund/how-we-invest/
Geographic diversification is the stated reason. At least it’s green infrastructure. Hopefully they take the project somewhere better.
Because traditionally, wealthy Canadians don’t invest in the rest of Canada, they invest in Britain, the US or the EU. Canada doesn’t grow very fast so value grows slowly. Of course, the reason Canada doesn’t grow very fast is Canadians don’t invest in Canada. Kinda one of those “vicious cycle” things.
The Canada Pension Fund is NOT for rich people to use. It’s mandated by the government to make sure that the Canada Pension Plan (CPP) funding for retired and disabled Canadians is adequate for our needs.
Why is the vast majority of our PM’s investments in the USA?
Mark Carney has investments in 567 organizations. Only three are Canadian
https://www.msn.com/en-ca/money/other/mark-carney-has-investments-in-567-organizations-only-three-are-canadian/ar-AA1IMJSd
Because Carney was always a fiscal conservative piece of shit. Not a literal Nazi piece of shit like Poilievre but not far off.
exactly