New Report Finds Colorado’s State Pension Fund (PERA) Loses Money by Not Divesting from Fossil Fuels
January marked the official release of a new report by Corporate Knights that finds that Colorado’s pension fund, Public Employees Retirement Association (PERA), is valued at $2.7 billion less than it would have been had it divested from fossil fuels a decade ago. This represents an opportunity cost of over $4,100 per PERA member.
350CO Staged ‘Climate Banker Zombie Crawl’ Leading up to Halloween, Spotlighting Connections between Climate Impacts & Fossil Fuel Financing
Denver – Since the Paris Climate Agreement, the world’s 60 biggest banks have financed fossil fuels to the tune of $4.6 trillion. Runaway funding for fossil fuel extraction and infrastructure fuels climate chaos and threatens the lives and livelihoods of millions. US banks are the top fossil fuel funders.
That’s why 350CO took to the streets in Denver Saturday dressed as zombies to protest fossil fuel financing, calling on the Wall Street banks and the Federal Reserve to phase out fossil fuel funding by 2030.
Divest Colorado State University Campaign Launches
By Sam Killmeyer
This month, 350 Northern Colorado joined coalition partners to launch the Divest CSU Campaign, calling for Colorado State University to divest its endowment from direct and indirect holdings in the fossil fuel industry. Sign the petition today to support this campaign!
The campaign is made up of students, alumni, faculty, staff, and community members working together to build a more just, sustainable future.