An Act to amend the Canada Pension Plan Investment Board Act (investments)

Bill C-315 was a Conservative Private Member's Bill amending the Canada Pension Plan Investment Board Act (S.C. 1997, c. 40) to require fossil-fuel divestment by the CPP Investment Board (CPPIB). The CPPIB managed approximately $675 billion in assets as of 2024 per its annual report, with approximately 7 percent (roughly $47 billion) in fossil-fuel-sector holdings per Shift Action for Pension Wealth and Planet Health analysis. The bill called for a phased divestment by 2030 to align with the federal Canadian Net-Zero Emissions Accountability Act (S.C. 2021, c. 22). Did not pass second reading. The CPPIB has resisted divestment, arguing fossil-fuel engagement-rather-than-exclusion produces better climate outcomes.