10:07:26 EST Thu 12 Nov 2026
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or Name
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CA



Blackstone CDR (CAD Hedged)
Symbol BX
Shares Issued 2,600,000
Close 2026-11-11 C$ 15.10
Market Cap C$ 39,260,000
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Globe says Blackstone told LNG could be legal risk

2026-11-12 08:11 ET - In the News

The Globe and Mail reports in its Thursday edition that environmental advocacy group Stand.earth has enlisted a high-profile law firm to warn six major pension funds against investing in liquefied natural gas megaprojects, saying climate-related and other risks could expose plan administrators to legal action. A Canadian Press dispatch to The Globe says the letter from Trudel Johnston & Lespérance was sent last week to trustees of Canada Pension Plan Investment Board, Public Sector Pension Investment Board, Ontario Municipal Employees' Retirement System, Ontario Teachers' Pension Plan, University Pension Plan and Healthcare of Ontario Pension Plan. Trudel Johnston & Lespérance specializes in class-action and public-interest cases, including a decades-long legal battle against tobacco companies that resulted in a $32.5-billion settlement approved last year. Stand.earth and its legal counsel had the letters drafted and ready to send when news broke last week that four pension funds plan to invest in LNG Canada. U.S. asset manager Blackstone is leading a group, which includes several pension funds, planning to acquire a non-controlling stake in the Mitsubishi subsidiary that holds an interest in LNG Canada.

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