California's two biggest pension funds lost more than $ 5 billion (U.S.) since June 2014 because of the declining value of their fossil fuel holdings, while Norway's massive sovereign fund, which has already divested many of its fossil fuel assets, still lost $ 40 billion between July and August, partly because of falling oil prices. (corporateknights.com)
The CPPIB, one of Canada's biggest pension funds, invests money not currently needed by the Canada Pension Plan to pay benefits. (canadianbusiness.com)
The circle of investors buying Calpine also includes Access Industries, owned by Soviet - born billionaire industrialist Len Blavatnik, and Canada Pension Plan Investment Board (CPPIB), the country's biggest pension fund. (fortune.com)