The Globe and Mail reports in its Tuesday edition that several Canadian pension funds, including the Canada Pension Plan Investment Board, IMCO, OMERS and Caisse de depot et placement du Quebec, have significant financial exposure due to their involvement in $2.3-billion (U.S.) in convertible debt financings for Northvolt. The battery maker is facing cash issues amid weaker demand for electric vehicles. The Globe's James Bradshaw and Jeffrey Jones write that OMERS also purchased shares in Northvolt in 2021. The Financial Times reported on Sunday that Northvolt is considering seeking protection from creditors in the coming days after talks about a rescue package collapsed. The company is still trying to secure short-term financing, but time is getting short, the FT said, quoting unnamed people involved in the negotiations. Northvolt has suffered this year as EV demand growth slowed and a $2.15-billion (U.S.) battery order was cancelled. Northvolt's ownership group also includes some of the biggest automotive and financial names, such as Volkswagen, Bayerische Motoren Werke and Goldman Sachs. The latter was said to be leading ill-fated rescue-package talks that were aimed at securing a reported $300-million (U.S.).