Alberta is moving to insulate its Crown investment corporation from potential legal liabilities and protect companies in the province from lawsuits accusing them of greenwashing.

The wide-ranging legislation proposed Tuesday by Premier Danielle Smith’s government aims to protect the Alberta Investment Management Corp. — which manages public sector pensions — after it recorded about $2 billion in investment losses in 2020.

Finance Minister Nate Horner says AIMCo has no cash set aside to cover potential liabilities of at least $1.3 billion being claimed by some public sector pensions, and the government isn’t willing to put that cost onto the backs of taxpayers.

“We’ve had lots of conversations about the borrowing the province is already undertaking, and it’s something we’re not willing

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