Canada’s largest single−profession pension plan says in the coming weeks it will establish concrete targets for portfolio emissions and ensure companies it invests in report emissions annually.

The money will be earmarked for a dozen public-transit projects in the city, including construction of a dedicated bus rapid transit corridor along Lakeshore Road, as well as significant upgrades to the city’s MiWay bus fleet.

The combined company will operate as West Fraser with headquarters in Vancouver and a regional office in Toronto, with West Fraser shareholders owning 56 per cent of the company, and Norbord shareholders owning about 44 per cent.

The money will be shared among 31 remote First Nation communities and the Town of Moosonee, and will be used to support nearly 3,200 kilometres of temporary snow and ice roads for the 2020–21 winter season.

The calculation, which was announced on January 11, draws on data in 443 of Ontario’s 444 municipal asset-management plans.