Former PM Stephen Harper appointed to oversee Alberta’s $160B AIMCo fund
By Lisa Johnson, The Canadian Press on November 20, 2024.
Former prime minister Stephen Harper delivers the keynote address at a conference, Wednesday, March 22, 2023 in Ottawa. THE CANADIAN PRESS/Adrian WyldEDMONTON – Former prime minister Stephen Harper is the new chairman of the Alberta Investment Management Corporation, or AIMCo, which oversees more than $160 billion in funds, including pension funds and the Heritage Savings Trust Fund.
The move comes almost two weeks after the province’s finance minister fired the Crown agency’s entire board, along with a number of executives, citing ballooning costs and substandard returns.
Premier Danielle Smith says the move is a step toward the long-term success of AIMCo.
Smith says the goal is to grow the province’s nest egg Heritage Fund, which is valued at $23 billion, to more than $250 billion in the next 25 years.
The province says Harper has specified he would do the work without being paid.
It also says three of the fired board members have been reappointed and will serve under Harper.
This report by The Canadian Press was first published Nov. 20, 2024.
8-7
Harper? The guy who would bust unions? Overseeing the AIMCo fund? This stuff just cannot be made up, not even in the wildest of dreams. This:
“Stephen Harper: will he actually help Danielle Smith try to wreck the Canada Pension Plan? Sounds like it, as UCP propaganda ecosystem now touts former PM as certain to lead AIMCo board.”
http://www.albertapolitics.ca
Just more concern re: “the plan to pump Alberta pensioners’ retirement savings into the sunsetting fossil fuel industry….”