Economy

Are we heading towards the "Big Theft" of equity and personal assets?

Pension funds, data centres, and the quiet redirection of public wealth.

ORF

Editor's Take

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With rising public opposition and drying private capital, how will data centres keep expanding — especially when governments rely on them to house critical public and financial data? If the U.S. and Canada were to emulate countries like France or Japan by requiring pension funds to buy state debt, could governments use 'safe' government bonds as a proxy to funnel pension money into data centres without adding visible public debt? Please note: I understand there are legal requirements governments and State/Provincial have to follow; ERISA in the U.S. and CPPIB in Canada (and there are specific state rules as well), but can these be circumvented to direct public funds into data centre financing schemes? Is this a concern?

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