The Canadian pension giant plans to completely exit oil production investments by the end of next year.
Their overseas exposure is expanding, while US funds stay mostly at home.
The firm is expanding and diversifying its business into renewables across North America, the Quebec allocator said.
Why big allocators on this side of the Atlantic, like CalSTRS, CPPIB, and OMERS, are seeding Old World newbie companies.
The cash flow is solid, except for occasional problems like pandemic-reduced traffic volumes.
These vital physical assets are a steady-returning opportunity that American pension programs under-utilize, fans say.