CPPIB criticised for tar sands investment

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CANADA - The Canada Pension Plan Investment Board (CPPIB) has been criticised by environmentalists for investing C$250m (US$239) in an Alberta tar sands company.

Canada's largest pension plan has purchased 8,333,333 shares in Laricina Energy for C$30 per share in a private placement. The sale will give the plan a 17% ownership level in the company. The t...

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