Statement on political interference from the Alberta government in AIMCo’s governance
The challenge of managing investments responsibly in the midst of a worsening global climate crisis and an accelerating energy transition is hard enough for any pension fund. But blatant, inappropriate political interference in the governance of the Alberta Investment Management Corporation (AIMCo), Alberta’s “independent” public pension manager, could make prudently navigating these escalating climate risks impossible.
AIMCo struggling to walk and chew gum at the same time; other pension funds figuring it out
Alberta’s public pension manager, the Alberta Investment Management Corporation (AIMCo), is suggesting that its failure to set credible climate targets somehow makes it better at decarbonizing assets. We break down for AIMCo how other pension funds have figured out how to walk and chew gum at the same time. For the sake of its members and beneficiaries, AIMCo must put forward a credible climate plan that navigates its portfolio to zero emissions and puts hard stops on investing in fossil fuel expansion.