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Richard Brower via Institute for Pension Fund Integrity [IPFI]
June 11, 2019
"In a misguided effort to fight climate change, State Sen. Liz Krueger introduced Senate bill 2126, the Fossil Fuel Divestment Act, earlier this year.... Pension funds have begun to realize that the costs of divestment are not worth the political statement.... It only hurts retirees and local economies. Fellow pensioners, retirees and taxpayers must demand separation between political opinions and public pension management. Politicians should not jeopardize our hard-earned retirement and a healthy economy because of a political agenda." [The author is the former vice chairman of the New York City Fire Department Pension Fund.]
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