[Green] Fwd: Petition to Canada Pension Plan - Stop making Ohio a fracking sacrifice zone

Thu Sep 26 19:26:55 CDT 2024

I already signed it.  Jim

From: Green <green-bounces at fuusm.org> On Behalf Of George Banziger via Green
Sent: Thursday, September 26, 2024 10:31 AM
To: Green Sanctuary List for Environment Issues <green at fuusm.org>
Cc: George Banziger <gbanziger497 at gmail.com>
Subject: [Green] Fwd: Petition to Canada Pension Plan - Stop making Ohio a fracking sacrifice zone

Green Sanctuary Folks,

     Save Ohio Parks has discovered that almost all of the investment funds from the Canada Pension Board is going to a Texas firm that is heavily involved in fracking around public lands in Ohio.

     Please sign the attached petition.

George & Gwen Banziger; 740-434-5685; 740-434-3354 (mobile)

---------- Forwarded message ---------
From: Cathy Cowan Becker <becker.271 at gmail.com>
Date: Wed, Sep 25, 2024 at 9:01 PM
Subject: Petition to Canada Pension Plan - Stop making Ohio a fracking sacrifice zone
To: Cathy Becker <cbecker at greenamerica.org <mailto:cbecker at greenamerica.org> >

Greetings Ohio friends,

Save Ohio Parks is doing one more push for our petition to the Canada Pension Plan before we deliver it to them next week. We have 958 signatures and would like to get to 1000. 

Can you help us circulate this among your Ohio friends and family?  

Full link: https://actionnetwork.org/petitions/canada-pension-plan-stop-using-ohio-as-a-fracking-sacrifice-zone

Short link: bit.ly/cppibohio <http://bit.ly/cppibohio> 

Background

The Canada Pension Plan is like the social security of Canada -- it serves as a retirement plan for all Canadians except those in Quebec. 

Recently we learned that the Canada Pension Plan Investment Board (CPPIB) is not only investing heavily in fossil fuels -- It is actually buying fossil fuel operations. 

One company CPPIB essentially created is Encino Acquisition Partners (EAP), a subsidiary of Encino Energy of Houston, Texas.  EAP got the bids to frack Valley Run and Zepernick Wildlife Areas in Ohio as well as ODOT land. They are also heavily fracking around Ohio's largest state park, Salt Fork in Guernsey County. 

Encino is one of the most prominent companies that's turning Ohio into a fracking sacrifice zone -- and they are 98% owned by the Canada Pension Plan.

*	CPPIB and Encino started EAP in 2017 with $1 billion from CPPIB. 
*	In 2018, CPPIB gave Encino $2 billion to buy all the Chesapeake operations in Ohio.
*	This year on Earth Day, CPPIB gave EAP another $300 million. 

How we will use the petition

We think most Canadian pensioners have no idea the funds from their paychecks are being invested in this way -- so we plan to tell them. We are working with a Canadian environmental group called Shift Action that campaigns on pushing retirement plans in Canada to divest from fossil fuels. 

We have requested a meeting with CPPIB, but did not get a response. Next week, we'd like to send signatures from 1000 Ohioans asking CPPIB to stop funding Encino. (We will send name, city, state, and any comments only -- not email addresses).

Then we will work with Shift Action to publicize this petition from Ohioans to CPPIB across Ohio and Canadian media. In Ohio we have a major climate-fueled drought. In Canada they are dealing with wildfires across the northwest. The last thing Canadian retirement plans should be doing is propping up fracking in Ohio.

We hope this will let Canadians know how their retirement funds are being invested, so they can push CPPIB to do better. Besides the harm to our health and the environment, fossil fuels are a bad investment. They have underperformed the market for a decade, and they are stranded assets as the world transitions to renewable energy.

Take Action

Please sign this petition yourself if you have not already, and please share this with your family and friends. Together we can make a difference!

Best wishes,

Cathy

P.S. Here's an article with more information. 

https://saveohioparks.org/2024/04/25/canada-pension-plan-infuses-300m-into-encino-making-ohio-the-next-fracking-sacrifice-zone/

-- 

Cathy Cowan Becker

she/her/hers

937-271-1247

"Anything else you’re interested in is not going to happen if you can’t breathe the air and drink the water. Don’t sit this one out. Do something. You are by accident of fate alive at an absolutely critical moment in the history of our planet." — Carl Sagan

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