CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
Renewable sources like wind and solar may not be enough. Pension plan investors weigh the odds.
Often cited as a climate offender, the bank has capped lending to coal mining and Arctic drilling projects.
World’s largest pension fund will dump $13 billion worth of oil, gas, and coal investments.
Bank cuts companies that derive 30% income or power from coal.