Toronto – The Kinder Morgan initial public offering (IPO) to fund the proposed Trans Mountain pipeline expansion is set to close tomorrow, but the Canadian Pension Plan Investment Board (CPPIB) remains silent despite receiving over 8000 letters from people across Canada saying it would be too risky and irresponsible to invest in the controversial project.
What: Delivery of public notice and over 8000 letters to the CPPIB offices in Toronto
When: 11 a.m. ET, Tuesday, May 30
Where: One Queen Street East, Toronto, offices are in Suite 2500
The Council of Canadians is urging the CPP to focus on divesting from destructive projects like the Trans Mountain pipeline that fuel climate change and instead focus on investing in solutions to the climate crisis that are consistent with the Paris climate agreement. This pipeline is opposed by 22 municipalities, 59 First Nations and hundreds of thousands of people.
“The Council of Canadians emailed and phoned the CPPIB months ago for the first time, and they promised they would get back to us with a response, but we have yet to hear anything from them,” says Mark Calzavara, Ontario Regional Organizer with the Council of Canadians. “Today we are visiting their office to get a response and tell the CPP Investment Board loudly and clearly not to invest in the proposed Trans Mountain pipeline expansion.”
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