Pension Funds, Including Colorado’s PERA, Lost Billions by Not Divesting from Fossil Fuels, New Studies Show
COLORADO: Colorado’s Public Employees Retirement Association (PERA), which manages the pensions of half a million current and former state employees, and California state pension funds CalSTRS and CalPERS lost over $19 billion in returns by not divesting from fossil fuel stocks ten years ago, according to new analyses performed by media and analysis firm Corporate Knights.
Global Fossil Fuel Divestment and Clean Energy Investment Movement Crosses $11 Trillion Milestone
Below if a press release from our partners at Divest-Invest, where an international summit on divestment is taking place this week in South Africa. Here is Colorado, we’re excited to be contributing to this movement both at the city level with Denver’s announcement to divest from fossil fuels earlier this year – as well as through our work pressuring PERA, Colorado’s State Pension Fund, to divest from fossil fuels.
350 CO & Colorado Coalition for a Livable Climate Send Letter to State’s Congressional Delegation
Fort Collins, CO – The Colorado Coalition for a Livable Climate (CCLC) recently sent a letter to all nine members of Colorado’s congressional delegation urging them to work on moving legislation forward in Congress that will address the climate crisis. We told eight of them this:
“Given the threat the climate crisis poses to Colorado and the number of bills related to climate issues that were passed by the State General Assembly and signed into law by Governor Polis earlier this year, we are surprised and disappointed by the apparent lack of interest in climate issues on the part of the majority of Colorado’s congressional delegation.