Although a new petroleum-approved report evokes total divestment from fossil fuels, pension plans and CIOs beg to differ.
Growing investor frustrations at the company’s annual meeting suggests change is imminent, but the board’s history makes implementation unlikely.
Fund accused financial services firm of violating asset management duties.
Young workers will have to work longer and save more than previous generations.
Pension fund claims bill violates the Texas state constitution.
Company uses hydroelectricity plant assets to guarantee letter of credit.
Audit report finds state faces funding shortfall of $33 billion.
Criticism of public pensions is based on faulty logic, group says.
Fund faulted for using assumptions that contradicted its own information.
Annual return of 11.8% matches five-year average.