TORONTO — The Ontario Teachers’ Pension Plan Board says it’s moving away from an emissions intensity target for its portfolio to instead focus on climate investment goals.

In its new 2030 target, the pension board says it’s aiming to double what it calls “climate transition aligned” private investments to $70 billion.

“Our climate strategy recognizes that the world’s shift to cleaner energy is underway and represents a generational investment opportunity that stands to reshape economies,” said chief executive Jo Taylor in a news release.

OTPP says it will retire its 2030 goal of a 67 per cent reduction in the carbon emissions intensity of its portfolio compared with a 2019 baseline, along with its goal of a net zero…