Report – NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change
NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change (pdf)
NYC and NYS pension funds
IEEFA Research
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Few funds ready to follow Stanford’s lead on fossil fuel stocks
“(Reuters) – Few if any of the big U.S. pension or college endowment funds appear ready to follow in Stanford University’s footsteps and pull their money out of shares of coal miners or other fossil fuel producers. Officials from the pension systems for California’s public employees and schoolteachers and New York public employees, the three […]
Coal company investments a bad bet
By Brian Nearing, Powersource Post-Gazette – “ALBANY, N.Y. — It’s time to dump coal from the state pension fund, not because of concerns over greenhouse gas and man-made climate change, but because coal companies are a money-losing investment, a former state official who once oversaw the pension fund said Thursday. During the past three years, […]
Press release- New York State & City pension funds have been & will keep losing money on coal stocks and should sell them, report finds
STATE FUND ESTIMATED TO HAVE LOST MORE THAN $100 MILLION Coal stocks have been and will continue to be a losing investment for New York State and City public pension funds, so the funds should sell those stocks, according to a new report by the Institute for Energy Economics and Financial Analysis. The report estimates […]
Report – NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change
NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change (pdf)
A Shakeout Begins for U.S. Shale-Oil Producers
When we published a report nine months ago urging New York State pension funds to divest from increasingly risky coal stocks, we wondered if there might be a similar case to be made broadly for investors in shale-oil companies. It turns out there is. Mark Lewis, a senior analyst at Kepler Cheuvreux, the investment-advisory firm […]