Mr. Speaker, it is an honour and privilege to present petition e-2615. This is a petition that was initiated by constituents in Nanaimo—Ladysmith who are concerned about the investments of the Canada Pension Plan Investment Board, and in particular, investments in fossil fuels.
The petitioners call upon the Government of Canada to direct the CPPIB to divest of all fossil fuel investments and to no longer entertain any fossil fuel investment opportunity; hire a qualified independent consultant to examine the total Canada pension plan fund portfolio of investments for the purpose of completing a value-at-risk analysis in 2020 and every four years thereafter, which will also be publicly reported; refrain from making private equity investments and to progressively divest the fund of these investments; and discontinue the use of borrowed money.
I would like to thank Brian Fisher and Erik Anderson for their work on this petition.