Treasurer John Schroder calls ESG investing a threat to democracy and individual liberty.
The university targeted 90 companies active in thermal coal or tar sands segments of the fossil fuel industry.
The Teacher Retirement System of Texas is required by law to boycott companies that divest fossil fuels.
The Environmental Defenders Office says HESTA’s investments in oil and gas companies could be in breach of the law.
Previous energy sector reviews have so far led the $272 billion pension fund to divest from 55 companies.
The university says it will also boost investments in cleaner energy companies.
Centered on surviving a bleaker world, Bank of America’s updated version has better market performance.
To Britt Harris, Marcus Frampton, and Sean Bill, big forces are aligned to buoy energy costs for a while.
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
