Man­agers try to weigh risks of cli­mate change

Cape Breton Post - - CANADA -

CAL­GARY — A de­ci­sion by an On­tario pub­lic pen­sion man­ager to study the po­ten­tial con­se­quences of cli­mate change is the lat­est sign that pen­sion plans are in­creas­ingly be­com­ing con­cerned about how it can hurt the bot­tom line. OPTrust re­leased a re­port last week that re­viewed how four cli­mate sce­nar­ios, fac­tor­ing in pol­icy changes and dis­as­ters in­clud­ing hurricanes and wild­fires, would af­fect its $18-bil­lion port­fo­lio. The study comes as in­sur­ers, pen­sion plans and other or­ga­ni­za­tions par­tic­u­larly ex­posed in the com­ing decades to cli­mate change try to fig­ure out how to mea­sure the risks and what to do about them. Last Septem­ber, a re­port from Toronto-based law firm Koskie and Minsk con­cluded cli­mate change is one of the big­gest risks faced by Cana­dian pen­sion plans.

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