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14. Ontario pension funds lost $2.4 billion from oil, coal investments

from Toronto Star

From Nov. 18: Ontario's five largest pension funds lost an estimated $2.4 billion during the last half of 2014 because of investments in fossil-fuel assets, according to a study released by the Canadian Centre for Policy Alternatives. It calculated that the Ontario Teachers' Pension Plan took by far the biggest financial hit, losing $1.77 billion from fossil-fuel bets during a time that saw the price of oil cut nearly in half. more


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