Ownership

We are backed by the Canada Pension Plan Investment Board (CPPIB) which has significant investment experience in the energy sector. CPPIB is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits.

Headquartered in Toronto, with offices in London, Luxembourg, New York City, Hong Kong, Mumbai, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm’s length from the Canadian government.

At March 31, 2023, the CPP Fund had net assets of CAD$570 billion, with CAD$100 billion being invested in Europe, which represents 18% of CPPIB’s total assets. The Chief Actuary of Canada projects the CPP fund will reach $3.56 trillion by 2050. For more information about CPPIB, please visit www.cppib.com