“Mark Carney and the Bank of England have warned of the implications of climate change for the UK insurance sector. But the message is relevant for Canadians too and the pension sector, with similar exposures to long liabilities and a similar dependency on overall economic conditions, must consider itself similarly warned. Civil society actors, including insurers and pension funds, must work with governments to conclude a 2 degree plan in an urgent time frame.”
Murray Gold is Managing Partner at Koskie Minsky LLP, one of Canada’s leading law firms in the areas of pension and benefits, class actions, trade union labour law, employment law and civil litigation. He is the co-author of a new major report on “Climate Change and the Fiduciary Duties of Pension Fund Trustees in Canada”.
See him being interviewed on this report by Amanda Lang of CBC here