The Ontario Teachers’ Pension Plan (OTPP) opposes increases in the royalties charged to energy companies operating in Alberta.  OTPP is jointly administered by the Government of Ontario and the Ontario Teachers’ Union Federation.

A group of investors, including the Ontario Teachers Pension Plan, one of the country’s biggest pension funds, urged Alberta’s deputy premier and energy minister at a meeting on Friday to water down the royalty proposals. Shares of companies with interests in the Alberta energy sector have dropped markedly since the panel published its report.

That means Ontario teachers support the low-royalty regime now in place, which means that they back continued expansion of oil sands projects in northern Alberta, which means they favour more greenhouse gas emissions.

Teachers’ unions have been among the most aggressively politically correct organisations in Canada for years.  But when the incomes of retired members are jeopardised by the bread-and-butter issue, all that flies out the window.  Reality bites.

h/t: Alice the Camel

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