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Why are Ontario pensioners investing in future Alberta stranded assets?

Financing Alberta’s biggest-ever electricity generator fuelled by natural gas is a bad bet by OPTrust

It was a big announcement: shovels hitting the ground on Alberta’s biggest-ever electricity generator, the Cascade combined-cycle natural gas electricity-generation plant in late August. Nine hundred megawatts. $1.5 billion. And partly financed by the Ontario pension plan OPTrust, which just two years ago called for urgent government action on the climate crisis. Now, 90,000 Ontario pensioners, which includes the Ontario Teachers’ Pension Plan Board and multiple healthcare organizations, are investing in what is sure to be another fossil-fuel stranded asset in a few short decades. How did this happen? Are Ontarians even aware of this? Are they aware of the climate and financial risks of this investment?

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