Apparently Canada's pension plan is investing in arms manufacture, tobacco, corporate criminals and companies that benefit from civil unrest overseas. I don't wish to see my money invested this way and I don't want to live off the fruits of unethical investment. I'll be looking at ways I can become involved in pushing for public pension plan investment strategies that respect the public interest.
TheStar.com - Your pension contributions at work?: "A program funded through compulsory worker contributions raises the question of whether the CPPIB uses socially responsible criteria in making investment decisions.
Astonishingly, the investment board uses no such criteria; indeed, CPPIB has consistently refused to screen investments on the basis of social, human rights, or environmental factors.
The result is that our pension contributions are invested in the world's leading arms manufacturers, in companies that have been prosecuted for criminal activities, in the tobacco industry, and in companies complicit in human rights abuses.
Officially, Canada did not join the U.S.-led invasion of Iraq. However, all Canadian workers who pay into the Canada Pension Plan are contributing to the war effort."
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