Newsmakers
Philadelphia Pension to Divest Private Prison Stocks
Board votes to liquidate $1.2 million worth of stock in three private prison companies.
Board votes to liquidate $1.2 million worth of stock in three private prison companies.
State pension would have to remove thermal coal assets by year-end, fossil fuels by end of 2020.
$213.7 billion fund owns shares in at least three public firms that make and sell guns and ammunition.
Although a new petroleum-approved report evokes total divestment from fossil fuels, pension plans and CIOs beg to differ.