Loren D. Stark Company
EPIC Retirement Plan Services
Randall & Hurley, Inc.
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|Forcing Green Politics on Pension Funds|
The Wall Street Journal; subscription may be required
Nov. 19, 2015
"This government is essentially saying: Don't you dare invest in anything that causes or is hurt by climate change, or you'll be sued for failing your fiduciary responsibilities. Energy, utilities and industrials are 20% of the market. How can pension funds now own any of them? ... Pushing politics on retirement funds will destroy returns.... [ERISA] rules drive hedge funds to avoid pension money. It slows them down. As pension funds divest, hedge funds and other managers will gladly buy up undervalued climate-challenged companies."
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