Young Canadians Sue CPP Investments Over Climate Risks
Plaintiffs allege that the Canada Pension Plan exposes their retirement savings to unnecessary risk by underestimating climate change impacts.
Canada's largest pension fund is being sued by four young Canadians who claim CPP Investments fails to properly manage climate-related financial risk.
The four allege in a lawsuit filed in the Ontario Superior Court of Justice that the investment manager for the Canada Pension Plan breaches its duty to invest in their best interest, subjecting their contributions to undue risk of loss by its approach.
CPP Investments is breaching its duty to invest in their best interest, and subjecting their contributions to undue risk of loss by its approach.
Author's summary: Canadians sue over climate risk management.
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