Every year, Canadians are encouraged to invest their savings in Registered Retirement Savings Plans (RRSPs) purchased through their bank or credit union. Most mutual fund indices, even ethical funds, are a mix of companies and industries, including the oil, gas and mining sector. Unfortunately, Canada’s oil, gas and mining sector has been linked to human rights and environmental harms around the world.
But, many Canadians believe that their investments should not harm human rights or health. For this reason, many Canadians choose to not invest in funds which contain tobacco companies and weapons manufacturers. Now, Canadians are asking themselves whether investing in oil, gas or mining companies is harmful to the planet and to human rights and if they should continue to invest in such industries.