Description: Pension manager Caisse de dépôt et placement du Québec – often simply referred to as the Caisse – plans to drop its investments in the oil business within the next year. Currently, this industry makes up about 1% of the Caisse’s approximately $400 billion in assets. The Caisse, like many other pension funds, has been pressured to use its financial might to influence the sustainability debate.
Date: September 28, 2021
Source: cbc.ca
Link: https://www.cbc.ca/news/business/caisse-climate-change-1.6191982
Discussion points:
1) What do you think has prompted investors to drop oil stocks from their portfolios?
2) Do you agree with the Caisse’s decision?
3) On page 9-47, problem E9.13, of Wiley’s Financial Accounting: Tools for Business Decision Making, we see three key ratios for two major companies, one a large retailer and the other in the petroleum business. Try to identify which company is which as per the requirements of this problem.
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