FOR IMMEDIATE RELEASE
MP Jenny Kwan Calls for Urgent Investigation into Canadian Pensions Profiting from ICE and Human Rights Abuses
I am deeply concerned by recent findings that Canadian public pensions and major financial institutions are investing billions in companies linked to U.S. Immigration and Customs Enforcement (ICE) operations. These investments raise serious ethical questions about the role Canadian public funds play in supporting practices widely criticized for human rights violations, including the detention and mistreatment of migrants.
Canadians expect that their pensions and savings are managed responsibly and in alignment with our shared values of human dignity, justice, and accountability. The revelation that public pensions and banks may be profiting from corporations connected to detention centres, surveillance systems, and enforcement activities associated with repression is deeply troubling and demands urgent scrutiny.
These concerns are not new. In 2020, a Private Member’s Bill, Bill C-231, was introduced by the NDP to amend the Canada Pension Plan Investment Board Act to strengthen ethical investment standards. The bill recognized that Canadians should not be involuntary shareholders in companies linked to environmental destruction, human rights abuses, or exploitative practices. It called for embedding clear environmental, social, and governance principles into investment decision-making.
There must now be greater transparency and accountability. I support calls for a thorough, independent investigation into these investments and a reassessment of the ethical frameworks guiding public pension and financial institution portfolios. Canada has a responsibility to ensure that our public funds reflect our values and do not contribute to harm.


