Canada. B.C. finance minister defends public pension investments in Kinder Morgan
B.C.’s finance minister says there’s nothing hypocritical about the province’s public sector pensions investing in Kinder Morgan while the government fights the company’s Trans Mountain pipeline expansion.
B.C. public sector pensions –including those of the public service, B.C. teachers and BC Hydro employees — are administered by a Crown corporation called the BC Investment (BCI) Corporation.
It has 1.12 million Kinder Morgan shares, and has added some 21,000 in recent months. The investment is worth about $18 million of the $135.5 billion BCI manages.
Read More: Global News
