LiUNA’s Canadian Pension Fund invests in clean energy

The Labourers International Union of North America (LiUNA) , under the leadership of Terry Sullivan in the U.S., is known for its support of  the recent Trump-government decisions to proceed with the Dakota Access Pipeline and the Keystone Pipeline .   Taking a greener position, on February 6, the pension fund of LiUNA in Canada committed to provide $200-million in investment funding for NRStor, a Canadian energy storage company, which among other projects, plans to market the Tesla Powerwall in Canada. See the NStor press release   or a Globe and Mail article (Feb. 6) which quotes LiUNA international vice-president  Joe Mancinelli:  “We believe energy storage is a key enabler of our future energy system, and welcome the opportunity to invest capital into low-carbon assets on behalf of our pension fund.” The LiUNA Pension Fund of Central and Eastern Canada  is a multi-employer fund with $5.7-billion in assets under management.

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