Investments: Geo Group and Pension

investments: On Friday, he called on the CPPIB to publicly acknowledge the divestment and take a position on ethical investing, according to The Guardian. Deeply concerning' Canada pension fund invests in US immigration detention firms Read more Ethical investments are essential to maintaining public confidence in what the Canadian Pension Plan does, and the investments in Geo Group and Core Civic were deeply offensive to Canadian values, he told the Guardian. Late last year, the Guardian reported that the Canadian Pension Plan Investment Board CPPIB held nearly US 8m in stock in Geo Group and Core Civic, which between them hold the lion's share of contracts to manage Immigrations and Customs Enforcement Ice detention facilities in the US. The CPPIB, which manages C 392bn US 299m in pension funds on behalf of 20 million Canadians, did not make a public statement when it dropped the two companies from its list of foreign public equity holdings, but the change was spotted this week by the federal MP Charlie Angus, a member of the opposition New Democratic party. It's a crock to say the market should be blind and we'll go where we can make the easiest money. The NDP has tabled a bill, C-431, asking that the pension board abide by greater ethical standards. I mean, there's all kinds of places to make easy money. (news.financializer.com). As reported in the news.