New York City Public Pension Fund pushes RBC for energy transparency

The New York City Public Pension Fund has pushed Canada’s largest bank to deliver greater transparency about its investments in green energy and fossil fuels. The Royal Bank of Canada (RBC) will begin publishing the ratio between the two types of energy investments in its portfolio. It is not unusual for large institutional investors to influence company policies, says Sebastien Betermier, Associate Professor of Finance at and Executive Director of the International Centre for Pension Management (ICPM) in an interview with CBC. It happens around the world, although the general public may not be aware.