Tag: fossil fuels
Environmental groups say CalPERS, CalSTRS, and Colorado PERA missed $19 billion by keeping fossil fuel stocks in their portfolios.
World’s largest pension fund will dump $13 billion worth of oil, gas, and coal investments.
Former US vice president says alma mater’s investments a ‘moral issue.’
Lawmakers demand fund dumps BP, Royal Dutch Shell holdings.
Opponents of the bill cite New York’s potential influence on the rest of the country.
In the span of a year, the system has become one of the largest players among US pension systems.
Stock of Hess Corp. will be divested along with other energy companies if they don’t justify oil and gas reserves and stop denying climate change.