Climate change shaping investments by Quebec's largest pension fund

The spectre of climate change is increasingly shaping investment decisions at Quebec’s largest pension fund.
The Caisse de dépôt et placement du Québec, is starting to introduce the idea of “carbon budgets” to its investment teams, said Michael Sabia, its president and CEO. Those “budgets” are a specific amount of carbon dioxide that will be emitted as a result of investment decisions.
“You have a risk budget, you have a carbon bu