Letters to the Government

//Letters to the Government
Letters to the Government 2017-10-30T10:04:39+00:00

Letters to the GovernmentBiotechnology and Genetics
Direct to Consumer Genetic Testing, 2013
Genetic Discrimination, 2013

Caring for Creation
Stephen Harper, 2008

The 134th General Assembly (2008) approved a recommendation that The Presbyterian Church in Canada become a signatory to an investor coalition called the CDP – Driving Sustainable Economies. The CDP is an investor coalition representing over $92 trillion in assets from 767 institutional investors. It is an independent, not-for-profit, organization and the largest investor coalition concerned about climate change in the world. Investors include private and public pension funds and faith communities in the USA, Canada, the UK, Australia and a number of other countries.

In Canada, the CDP sends a survey to the 200 largest publically traded corporations listed on the Toronto Stock Exchange. The survey requests information regarding the opportunities and risks the company faces due to climate change. There is no requirement to respond – it is voluntary.

The 138th General Assembly (2012) approved a recommendation that the Moderator write to companies in which the church owns shares and received the survey to commend or encourage participation.

As of December 31, 2013, the church owned shares in 59 corporations that received the surveys; 49 corporations completed the survey, 10 did not. This information may be of interest to church trustees, financial management committees and groups responsible for the management of endowment funds.

The church owns shares in these 49 corporations that responded to the 2013 survey: Agrium, ARC Resources, AuRico Gold, Bank of Montreal, Bank of Nova Scotia, Barrick Gold, BCE Inc., BlackBerry, Brookfield Asset Management, Brookfield Property Partnership, Brookfield Renewable Power Inc, Brookfield Residential Properties Inc, Cameco, Canadian National Railway Company, Canadian Natural Resources, Canadian Pacific Railway, Canadian Tire, Cenovus Energy Inc., CGI Group, CIBC, Crescent Point Energy, Emera Inc., Enbridge Inc., Finning International, Franco-Nevada Corporation, George Weston Ltd, Gildan Activewear, Goldcorp Inc., Great-West Life Co., Husky Energy, Imperial Oil, Inmet Mining, Loblaws Companies, Manitoba Telecom, Manulife Financial Corp., National Bank of Canada, Power Corporation of Canada, Rogers Communications, Royal Bank of Canada, SNC-Lavalin Group Inc, Sun Life Financial, Suncor Energy Inc., Talisman Energy, TD Bank, Teck Resources, Telus, Thomson Reuters Corporation, Tim Hortons Inc., TransCanada Corporation.

The church owns shares in these 10 corporations that did not respond to the 2013 survey: Alimentation Couche-Tard, Ensign Energy Services, Fortis Inc., Gibson Energy, Inter Pipeline Fund, Nexen, Pembina Pipeline Corporation, RioCan Real Estate Investment Trust, Sherritt International, Westjet Airlines Ltd.