CMA to divest its reserves from fossil fuel investments, will explore opportunities in renewable energy solutions as a result of membership

August 27, 2015

On August 26, 2015, Canadian Medical Association (CMA) member delegates attending the CMA’s Annual Meeting voted to direct their Association to divest its reserves of investments (used for the management of CMA operations) in energy companies whose primary business relies upon fossil fuels. The CMA has indicated it will move to make this transition as soon as possible.

Delegates also directed the CMA to explore investment opportunities, for its reserves, in renewable energy solutions.

These decisions apply only to CMA reserves, and not to MD clients’ investments or portfolios.


About MD Financial Management

Owned by the Canadian Medical Association, MD Financial Management’s only business imperative is to enhance physicians’ financial outcomes by focusing on their distinctive needs and operating in their best interests.

MD has more than $40 billion in assets under administration and is dedicated to serving Canada’s physicians and their families. MD provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.cma.ca.


Media Contacts

Maria Grant
Lead, External Communications, MD Financial Management
maria.grant@cma.ca
613 809-0657

Deborah Thompson
DT Communications
deborah@dt-communications.com
416 918-9551

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