Saturday, November 28, 2020
Home Right Column Climate Activism Interferes with Responsible Public Pension Fund Management

Climate Activism Interferes with Responsible Public Pension Fund Management

-

Last month, the California State Teachers’ Retirement System (CalSTRS), which manages the pension funds on which California’s educators rely, voted to divestthe stocks of U.S. thermal coal companies. Many have praised the nation’ssecond largest public pension system for taking this bold action, including California Senate President pro Tempore Kevin de León, who specifically blamed the coal companies for causing global climate change.

But is a public pension fund that many California residents now and in the future depend on for retirement income really the right stage for a political climate battle?

- Advertisment -

Related Articles

Trump Deputy Interior Pick Gets A Lashing On Climate Change From Sen. Al Franken

By Joseph Erbentraut, Alexander C. Kaufman About an hour and a half into Deputy Interior Secretary nominee David Bernhardt’s Thursday confirmation hearing before the Senate...

Coal To Remain India’s Main Energy Source For At Least 30 Years, Govt Confirms

Coal will remain India’s main energy source for the next three decades although its share will gradually fall as the country pushes renewable power...