Posts Tagged ‘pension funds’
Stranded Fossil Fuel Assets Will Cost Investors Trillions, Study Finds
This article was written by Christopher Bonasia and originally published in The Energy Mix on June 7, 2022. Private investors in rich countries stand to lose more than a trillion dollars on stranded fossil fuel assets as climate policies slash their value, giving them a powerful interest in the transition off carbon, according to new…
Read MoreEMAIL CALIFORNIA LEGISLATORS: VOTE YES TO DIVEST!
The following message was written by Stand.Earth: We are facing the immediate and ever-growing impacts of climate change on our health, safety, and our biosphere. Despite California’s historic carbon reduction goals, the state’s massive retirement pension funds are actively investing billions in the very fossil fuel companies powering the climate crisis. In 2022, CalPERS and CalSTRS…
Read MoreFour of the biggest Canadian pension funds have stakes in companies that transport Russian gas
This article was written by David Milstead and originally published in The Globe and Mail on April 29, 2022. Four of the biggest Canadian pension plans have major ownership in European pipeline or gas-distribution companies serving countries that depend on the flow of natural gas from Russia. The pensions, all of which announced they would…
Read MoreStatement from Shift Action for Pension Wealth and Planet Health on the Ontario Teachers’ Pension Plan’s 2021 Annual Report
This statement was originally published by Shift on March 25, 2022. Toronto, ON – With the release of its 2021 annual report this morning, the Ontario Teachers’ Pension Plan (OTPP) solidified its position as a climate leader among Canadian pension funds. The OTPP has made laudable progress toward its 2050 net-zero target, reducing the emissions…
Read MoreNew report finds pension funds enable more CO2 than the entire UK carbon footprint
This article was written by Rachel Cooper and originally published in Climate Action on October 29, 2021. A new report from Make My Money Matter finds that the UK pensions industry enables more CO2 than all UK carbon emissions. Pension schemes fund an estimated 330 million tonnes of carbon emissions every year. If the pensions industry were…
Read MorePension funds investing indirectly in Ohio’s Gavin coal plant are at risk as financial, environmental disadvantages mount
This article was written by Dennis Wamsted, Seth Feaster and Tom Sanzillo and originally published in the Institute for Energy Economics and Financial Analysis on October 14, 2021. October 14, 2021 (IEEFA) — The major pension and retirement funds that own a piece of the General J.M. Gavin (Gavin) coal plant in Ohio face increasing challenges…
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