“4 Youth Sue CPP Investments for Failing to Protect Pensions from Climate Risk”, 27 October 2025

Four youth from across Canada are suing the Canada Pension Plan Investment Board for failing to protect their pensions from climate risk…

The four youth and their lawyers filed their case in the Ontario Superior Court of Justice…

The case does not seek financial compensation... “Instead, we’re asking the court to provide guidance on the appropriate tools [for CPPIB] to use and the appropriate processes to follow to ensure that climate risks and impacts are taken properly into account.”

Shift says it’s … the world’s first against a pension fund investment manager “anchored in the duty … to act fairly towards young contributors who will retire after 2050 when climate-related financial risks will be even greater.”

After CPPIB abandoned its net-zero emissions commitment in May, “the filing also alleges that CPP Investments currently lacks adequate measures to manage climate-related financial risks, all while continuing to invest Canadians’ pension contributions in fossil fuels that worsen climate change,” Shift adds.

A CPP Investments spokesperson told The Energy Mix the fund “will address the matter through the courts, if necessary.”

“To be clear, an action against CPP Investments and its efforts to maintain the sustainability of the CPP, is an action against the retirement security of 22 million Canadians. We intend to do whatever is needed to uphold their interests,” Michel Leduc, the fund’s senior managing director, public affairs & communications, wrote in an email. 

“We respect the right of Canadians to express their views on how the CPP Fund is managed,” he added. “Our focus remains on integrating climate-related considerations into our investment activities, all while remaining focused on disciplined, evidence-based investing and transparent reporting consistent with our mandate and Canadian law.”…