Industry News: ESG

The Case Against Fossil Fuel Divestment

Written by ESG | 12-Jul-2021 4:07:50 PM

2021-07-07

BNN Bloomberg: The Maine Public Employees Retirement System can’t simply jettison investments in atmosphere-warming items such as coal, petroleum and natural gas. Since the fund’s “primary duty” is to the monetary wellbeing of retirees and members, it’s barred from selling any securities unless it’s in their “best financial interest,” explained MainePERS Executive Director Sandy Matheson.

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