- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
California's pension funds are wrecking the planet and losing billions. It's quite a trick
Posted on 6/28/23 at 8:08 am
Posted on 6/28/23 at 8:08 am
just wow. where did the seas rise "considerably"?
California's pension funds are wrecking the planet and losing billions. It's quite a trick
I remember, more than a decade ago, sitting down with a financial executive from the Church of England in a plush London office. The organization I co-founded, 350.org, had just launched its fossil fuel divestment campaign, and we were encouraging the Anglicans to join in, on the grounds that Exxon et al were helping to run Genesis in reverse. He looked at us, shook his head and explained that he had a much better route: “Engage” with the oil companies to get them to change their practices.
Ten years later the world is far hotter, the seas have risen considerably, and Big Oil is as steadfastly committed to its business model as ever. Last Thursday, the Church of England threw in the towel on engagement. It announced it would sell off all its oil and gas investments, because, even with making its goals clear to the companies, and with the persistent application of prayer, the big companies had done “not nearly enough” to ward off the gathering climate disaster.
Scientists and environmentalists also began talking with California’s big retirement funds, CalPRS and CalSTRS, 10 years ago, and they got the same answer: We will hold on to our shares and engage with the oil companies. The funds’ efforts at changing those companies have been no more successful than the Anglicans' : Big Oil is expanding its drilling operations and cutting back on even token efforts at renewable energy. And so the time has come for CalPRS and CalSTRS to divest as well.
LINK
California's pension funds are wrecking the planet and losing billions. It's quite a trick
I remember, more than a decade ago, sitting down with a financial executive from the Church of England in a plush London office. The organization I co-founded, 350.org, had just launched its fossil fuel divestment campaign, and we were encouraging the Anglicans to join in, on the grounds that Exxon et al were helping to run Genesis in reverse. He looked at us, shook his head and explained that he had a much better route: “Engage” with the oil companies to get them to change their practices.
Ten years later the world is far hotter, the seas have risen considerably, and Big Oil is as steadfastly committed to its business model as ever. Last Thursday, the Church of England threw in the towel on engagement. It announced it would sell off all its oil and gas investments, because, even with making its goals clear to the companies, and with the persistent application of prayer, the big companies had done “not nearly enough” to ward off the gathering climate disaster.
Scientists and environmentalists also began talking with California’s big retirement funds, CalPRS and CalSTRS, 10 years ago, and they got the same answer: We will hold on to our shares and engage with the oil companies. The funds’ efforts at changing those companies have been no more successful than the Anglicans' : Big Oil is expanding its drilling operations and cutting back on even token efforts at renewable energy. And so the time has come for CalPRS and CalSTRS to divest as well.
LINK
Posted on 6/28/23 at 8:46 am to djmed
So… they are selling off petroleum companies who are making money but went hard supporting Bed Bath And Beyond straight into bankruptcy?
Posted on 6/28/23 at 8:59 am to djmed
quote:
Ten years later the world is far hotter, the seas have risen considerably,
Posted on 6/28/23 at 9:22 am to djmed
quote:
Ten years later the world is far hotter, the seas have risen considerably, and Big Oil is as steadfastly committed to its business model as ever.
Sadly a very large party on of the population believes this is 100% true.
Popular
Back to top
Follow TigerDroppings for LSU Football News