Investments in China by Canada's largest public pension funds are facing increased scrutiny amid worsening relations between the two countries and allegations that some of those investments are funding the oppression of China's Uyghur minority.
Recently, representatives of the Ontario Teachers' Pension Plan and the British Columbia Investment Management Corporation, which manages the pensions of B.C. public sector workers, told a parliamentary committee studying Canada-China relations that they had paused new direct investment in China because of the increasing risks associated with that country.
Mehmet Tohti, executive director of the Uyghur Rights Advocacy Project, says Canadians' pensions are being invested in companies that benefit from or help enable the Chinese government's persecution of his people. In 2021, the Canadian Parliament voted to describe the treatment of the Uyghur people by the Chinese government as a"genocide."
In November, Tohti told the parliamentary committee that Quebec's pension fund manager has invested more than $2 billion in companies associated with the alleged Uyghur genocide or forced labour.
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