Staff
Five major Canadian pension funds lost $2.4 billion during the last half of 2014 as a result of investing in fossil fuel assets, thestar.com reports.
Citing a study by the Canadian Centre for Policy Alternatives, the story notes the Ontario Teachers’ Pension Plan took the biggest hit—$1.77 billion.
The other pension funds that suffered losses include the Ontario Municipal Employees Retirement System, Healthcare of Ontario Pension Plan, Ontario Pension Board and Ontario Public Service Employees Union Pension Trust.
Read the full story here.