“It’s very clear that they’re reaching out to these Canadian pension funds to spur interest in these projects. Other pension funds stepping upDespite this, there are still bright spots and improvements at other pension funds, DeRochie said. With $496 billion in assets, the Quebec pension fund has divested its oil and coal assets and has an exclusion on any new oil or coal investments. The pension fund did not respond to a request for comment by deadline. Some pension funds in the middle of the pack pulled back or stayed quiet about climate, which the report terms a “green hushing” problem.