EDMONTON — A spokesperson for Alberta's finance minister says the proposal to have a future provincial pension plan mirror the Quebec investment model remains up for consideration.
The statement from Savannah Johannsen comes less than a week after Finance Minister Nate Horner said the idea was off the table.
Johannsen says Albertans would have the final say on how any Alberta pension plan is managed, and that includes deciding whether it should follow the Quebec pension plan investment model. Quebec's model has a dual mandate to maximize investment returns but also to invest in the provincial economy. That has led to concerns that managers with an Alberta pension fund could make questionable investment deals, including doubling down on oil and gas in the age of ascendant renewables.
On Thursday, Horner told the Ryan Jespersen online show he has heard those concerns and that any Alberta pension plan would focus on maximizing returns.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Leong: Good reasons to be skeptical of proposed Alberta Pension PlanAs the province launches consultations about a proposed pension plan, Albertans have reason to be leery, writes columnist Ricky Leong.
Read more »
Alberta premier says phone consults more effective for feedback on pension debateAlberta Premier Danielle Smith telephone town-hall discussions on quitting CPP are the best way to reach most Albertans
Read more »
Alberta premier says phone is better than in-person meetings for pension feedbackDanielle Smith said the goal is to get more voices and opinions to gauge public opinion on quitting the Canada Pension Plan, and the best way for that is by phone.
Read more »
Alberta’s aim to be Delaware North deserves more attention from Canada’s business communityA recent and relatively significant move by Alberta to attract more venture capital and private equity investors has flown largely under the radar
Read more »
‘Bizarre’ that Canada lagging on sustainable aviation, CEO of Airbus Canada saysBenoît Schultz said Canada’s long history of resource development, renewable energy, agriculture and aircraft manufacturing should put it at the forefront of sustainable aviation fuel developments
Read more »
'Bizarre' that Canada lagging on sustainable aviation: Airbus Canada CEOMONTREAL — The chief executive of Airbus Canada says the country possesses the key factors to place it at the cutting edge of sustainable jet fuel innovation...
Read more »