The hot rumour in Calgary this week - and there's always a hot rumour or two in the oil patch - has one or more public sector pension funds negotiating with ConocoPhillips for the oil sands holding the U.S. energy giant put on the block last month. The Syncrude stake could be worth anything up to $4-billion, and ConocoPhillips wants to deploy this capital on new reserves.Check the investments your pension fund holds: if it contains tar sands companies (like Suncor, Syncrude or others mentioned in the article,) let your pension fund know you don't want your pension funded by the destruction of the boreal forest and by greenhouse gas emissions. Check out the coporate triple bottom line link on this blog to find alternate investments your pension fund could make - or better yet, send your pension fund administrators the link . The adminstrators could then check out all prospective investments for their triple bottom line statements. This is an alternate way of slowing tar sand development: pension funds invest big bucks.
Thursday, December 10, 2009
Check Your Pension Fund