
NYC Pension Funds Sued for Divesting $4 Billion in Fossil-Fuel Assets
The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’
The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’
The state pension fund has more than $1 billion invested in companies such as Chevron, Exxon, and ConocoPhillips.
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
University’s Academic Senate approves recommendations to shift portfolio to ‘positive sustainability investments.’
Pension plan’s investment committee votes down a second attempt from member Jason Perez to reverse its 20-year-old ban.
Questions remain about how to measure risks and what a proper framework looks like, but more colleges and universities are taking the plunge.
The school will also invest up to $25 million with climate impact funds.
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’