Canadian Pension Board Invests $141M in Chinese Coal

**furrowtickler** · Aug 30, 2020, 07:45

Originally posted by jazz View Post

Don't get mad sheep, I am gaslighting chuck and his BS today because it rained.

So much for green recovery. Sask shut down coal fired plants to appease the climate radicals only to have our investments go to chinese coal. What a joke.

https://theenergymix.com/2020/08/24/canadian-pension-board-invests-141m-in-chinese-coal-projects-undercutting-federal-phaseout-policy-2/ Canadian Pension Board Invests $141M in Chinese Coal Projects, Undercutting Federal Phaseout Policy

Page from Obama , shipping jobs overseas

**farmaholic** · Aug 30, 2020, 07:57

Think the carbon pollution crusaders will refuse their pensions now? Dirty money....

**the big wheel** · Aug 30, 2020, 08:04

Absolute bull!!

**wmoebis** · Aug 30, 2020, 08:06

Wonder how all these pension funds decide on where to invest? Why do we get off shore or USA investors in Canada and our investors take Canadian money off shore or USA?

**the big wheel** · Aug 30, 2020, 08:11

Would assume to diversify somewhat would be the strategy to lower overall risk. Itâ€™s balonie to say one thing then invest in industries abroad that your own government at home is destroying.

**the big wheel** · Aug 30, 2020, 08:17

Would imagine their coal likely way more profitable less environment red tape and lower wages. Quite ironic that whole scenario of us investing there.

Our oilfield wages are a major factor also killing all other industries and business from starting up here.

**furrowtickler** · Aug 30, 2020, 08:45

Originally posted by the big wheel View Post

Would imagine their coal likely way more profitable less environment red tape and lower wages. Quite ironic that whole scenario of us investing there.

Our oilfield wages are a major factor also killing all other industries and business from starting up here.

Agree wages are part of it , but itâ€™s environmental red tape and bloated safety restrictions that drive up the COP more than wages here

**chuckChuck** · Aug 30, 2020, 09:01

Originally posted by the big wheel View Post

Would imagine their coal likely way more profitable less environment red tape and lower wages. Quite ironic that whole scenario of us investing there.

Our oilfield wages are a major factor also killing all other industries and business from starting up here.

This investment makes no sense from many angles.

The oil patch boom drove wages and inflated the value of many assets. In oil patch towns and cities people who have lost their jobs or had to move for other jobs are stuck with overpriced houses they cant sell unless they drop the price significantly.

The out of control oil boom drove inflation, inflated our dollar which hurts exports and manufacturing. And it created a giant sucking sound as other businesses struggled to find affordable labour.

Norwegians made an effort to reduce the negative effects of their oil boom by investing their massive heritage fund outside of the country.

It was great party in Western Canada while it lasted, now back to reality.

BTW Peter Lougheed was concerned about uncontrolled oil booms too. He had more sense than many of his following Premiers.

**6V53** · Aug 30, 2020, 09:04

Originally posted by furrowtickler View Post

Agree wages are part of it , but itâ€™s environmental red tape and bloated safety restrictions that drive up the COP more than wages here

Unions have exported plenty of jobs.

Canadian Pension Board Invests $141M in Chinese Coal