By Janis Sarra ( May 31, 2021, 1:56 PM EDT) -- A new legal opinion released on May 26 by pension expert Randy Bauslaugh of McCarthy Tétrault, titled: Climate Change, Legal Implications for Canadian Pension Plan Fiduciaries and Policy-Makers, provides the first national opinion on the scope of duties of trustees and other pension fiduciaries in respect of climate change. Bauslaugh states that his opinion does not arise from any moral or social desire to save the planet; rather, a basic application of fiduciary obligation imposed by minimum Canadian pension standards legislation and common law means that pension fiduciaries have a key responsibility in managing climate-related risks in their investment of pension plan assets....