Asset Allocation
Cambridge University to Divest from Fossil Fuels by 2030
University also vowed to reduce its greenhouse gas emission to zero by 2038.
Renewable sources like wind and solar may not be enough. Pension plan investors weigh the odds.
A report details CalSTRS policy of engaging fossil fuel companies rather than dumping their stock, which it sees as a last resort and potentially harmful to the portfolio.
Environmental groups say CalPERS, CalSTRS, and Colorado PERA missed $19 billion by keeping fossil fuel stocks in their portfolios.
World’s largest pension fund will dump $13 billion worth of oil, gas, and coal investments.
Former US vice president says alma mater’s investments a ‘moral issue.’