Posts Tagged ‘fiduciary duty’
REPORT: CalPERS & CalSTRS lost over $9.6 billion by not divesting from fossil fuels 10 years ago
On June 28, 2023, the University of Waterloo released a groundbreaking report revealing that by not divesting, CalPERS lost $4.7 billion in missed returns, or $3,163 per beneficiary. CalSTRS lost over $4.8 billion in missed returns, or $5,114 per beneficiary over the last ten years, by not removing fossil fuels from their investment portfolio.
Read moreVosburg: Shareholder engagement is futile
On Global Divestment Day, the second campaign-launch speaker in Sacramento was Jane Vosburg, a retired teacher and fervent activist for fossil fuel divestment. She is divestment coordinator for 350 Sonoma County and for the…
Read moreCalPERS gift—a lump of coal
Here is more disturbing information about the dangers of coal, from Gary Horvitz. Gary is an erstwhile divestment activist and current CCL volunteer devoted to enacting carbon pricing worldwide. There is…
Read moreDivest for financial security
Public policymakers, when they look carefully at the facts about climate change, usually conclude that it’s essential to divest from fossil fuels. The slide toward climate chaos must be resisted…
Read more