Where would you like your pension money to be invested in?

According to the Financial Post, the Canada Pension Plan Investment Board announced it was making a $250-million private placement in Laricina Energy Ltd, a Calgary-based
company that has a portfolio of oil sands assets that range from
properties in the McMurray formation as well as sites near Grand Rapids
and Grosmont. With this investment CPPIB now owns a 17.1% equity
interest in the company.

The oil sands are definitely a divisive issue both here in Canada and abroad. I wonder how ordinary Canadians would feel about these funds possibly being placed in a company that they might not agree with…

Image from GoodNCrazy

This entry was posted on Tuesday, July 6th, 2010 at %I:%M %p and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.