Finance committee  I'd say with respect to climate change that it's both a risk factor and also an opportunity for high returns as well. It's both risk and return. We evaluate everything through that lens. I'd say that when we look at solar projects, wind projects, or other renewable energy project

Finance committee  To the best of my knowledge, we don't have a specific investment today in solar. I believe that some of our existing infrastructure investments, some companies, have solar within their portfolios, and we see that growing dramatically around the world. In the U.S., I think that 65

Finance committee  Thank you very much again for the kind comments about our organization's performance. We appreciate that. With respect to Europe, it has been a significant destination for our investments, the U.K. in particular. We have about 7.5% of our assets invested in the U.K. Michel may

Finance committee  Yes. The U.S. is by far the largest destination for our capital, with approximately 40% of our investments. That's driven by the fact that it is still by far the largest economy in the world, and the largest capital market in the world by far. Even with some political uncertainty

Finance committee  That's a very good question. We work very hard to recruit the best and the brightest. In Canada and in other markets, we're respected for the high-performance culture that we have. Also, there is an element for a lot of us in the fact that we are doing this for a very worthwhi

Finance committee  I'll start, and Mr. Cass can add to it. On the 25 teams, we feel that it's important, again, to diversify, not just geographically, but across the types of investments and strategies that we have. We have specialists who look at different types of public market strategy. We have

Finance committee  Thanks for the question. On the changes in Bill C-26, we recognize that there will need to be separate and joint financial statements, and we're working through those details. We think it will be possible to manage the consolidated fund while taking into account the funding requ

Finance committee  Michel will answer.

Finance committee  Thank you for the question. We've noted the advice of the council on the recommendation on the infrastructure bank, and we'll watch carefully how that unfolds and what comes from that. As an infrastructure investor principally on the equity side, I'd say that anything that incr

Finance committee  On the disadvantages of having an infrastructure bank, I think things that improve the pipeline of opportunity are good. More opportunity for investment are good. We welcome competition, and we deal with competition around the world against other people. I think the devil will be

Finance committee  We'd agree with that statement. That is one of the major risks when we're making infrastructure investments. Infrastructure investments by nature are very long-term investments, and therefore the stability of regulatory regimes around those investments is very important. That inc

Finance committee  Yes. With regard to the Postal Savings Bank of China, we made an investment in it about a year ago. It was a private investment at the time. That bank has gone public since then. It's one of the larger banks in China. It has some 400 million customers and 40,000 branches. It's an

Finance committee  No. Thank you, and good afternoon, Mr. Chair and members of the committee. Thank you for having me here today to discuss and answer your questions. It is an honour to appear on behalf of the Canada Pension Plan Investment Board, or CPPIB. How we are helping ensure that the C

Finance committee  Thank you very much for the question. Yes, we are accountable to northern Canada through the federal government. It's our understanding that the territorial ministers are present at all the finance ministers' meetings where discussions and decisions on the CPP take place. In ad

Finance committee  That's a terrific question. As you pointed out, our board is 50% women, and we have a policy that there should be no greater difference than 60:40. Our senior management team today is just over 30% women, and overall we're at about 44% women. In terms of targets for other asp