Oppose Canada Pension Plan Investment in Dirty Tar Sands

Posted: July 20, 2010
Section:

ACTION ALERT

This week, the Canada Pension Plan Investment Board (CPPIB) announced a $250-million private placement in a Calgary based tar sands company.

While the CPPIB celebrates the move in having “attractive returns over the long term,” communities surrounding tar sands development continue to deal with treaty rights violations, raising cancers and health problems and a devastated ecosystem.

People in Canada want to see us move towards a clean, just and green energy economy. Instead, the CPPIB’s investment of public funds into the tar sands is effectively increasing our dependence on fossil fuels and leaving us a toxic legacy for future generations.

After decades of riding the roller-coaster of the fossil fuel sectors’ boom and bust cycles, the time has come to forge a new energy path. By investing in energy efficiency and renewable energy, we are stabilizing our economy, creating good green jobs, and creating just solutions to the climate crisis.

And this latest investment move is just another addition to CPPIB’s dirty and unethical investment portfolio (please see here). The CPPIB has the choice to invest in green energy with real attractive returns; returns that benefit everyone and maintain a clean, healthy legacy for us now and int the future.

Call Prime Minister Stephen Harper and let him know you oppose CPPIB’s investment in tar sands. Instead of gambling with our future, we want investment in clean, green and just solutions!

Ottawa Office: (613) 992-4211
Calgary Office: (403) 253-7990
or email him here

And contact your MP...

**By this move, CPPIB is supporting the following consequences of tar sands development:
- Significant water contamination from toxic tailings ponds, poisoning downstream communities;
- Carcinogenic toxic air pollution and greenhouse gas emissions;
- 1000s of Treaty violations, compromising First Nations right to maintain their living on traditional land

Read the CBC story: http://www.cbc.ca/money/story/2010/07/06/cpp-laricina-tar-sands.html