this post was submitted on 07 May 2026
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Trump admin seizes US$120,000,000 owned by the Canada Pension Plan Investment Board as stake in an offshore wind project, demands that it be invested in fossil fuel development instead.

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[–] girlfreddy@lemmy.ca 17 points 5 days ago (1 children)

The Canada Pension Fund is NOT for rich people to use. It's mandated by the government to make sure that the Canada Pension Plan (CPP) funding for retired and disabled Canadians is adequate for our needs.

[–] GreenBeard@lemmy.ca 3 points 5 days ago (1 children)

Quick question, who manages the funds? Is it us? Or is it a bunch of wealthy finance bros "because obviously they know how to make money."

[–] girlfreddy@lemmy.ca 1 points 5 days ago

The fund is managed by the federal government.

Read up on it.

https://www.cppinvestments.com/disclosure-policy/