The $11.5 billion pension fund's board at its Oct. 20 meeting approved a new resolution seeking to engage with fossil fuel companies to encourage them toward paths of renewable energy, as well as commit to divesting from fossil fuel companies.
What’s stopping them from divesting now. Is it because fossil fuels are one off the best performing sectors right now.
Old Joe
3 years ago
Hmm, this is an odd story when you consider the CTU visited the oil exporting workers paradise of Venezuela a while back. Even Bidet is put on his knee pads to get them to open their spigot.
Venezuela is a different story because the CTU and the Venezuelans are both communists
JimBob
3 years ago
One assumes (and fears) that the fiduciaries enjoy immunity from liability but, if not, they could never afford to reimburse the system for the damages caused by their abdication of responsibility to examine the prudence of any decision to sell or purchase assets. So: yes, the taxpayers will reap what these fiduciaries sow. The problems compound when you reflect on the likely negative impact on resident budgets when fuel prices increase. All for the cause of signaling their virtue. If teachers were covered by defined contribution retirement plans then they could exercise their folly or their foresight, each at their… Read more »
gonna be like cigarettes. what’s the best returning stock in the S+P 500 year over year dividends included? Robert Morris. Why, big dividend, few holders. Energy will become the same as these morons pull out
Giddyap
3 years ago
Useless Marxist morons deserve to have their retirement shit-housed — by their own goofy green grift and graft
nixit
3 years ago
Energy investments comprise only 3% of Chicago Teachers Pension Fund total domestic equity holdings. Must be nice to be altruistic on the taxpayers’ dime.
one could only assume Amendment 1 will make taxpayers 100% responsible for paying for are public sec heros equity (equity hustle)? aaaaaaaah, equity on the publics dime!!!
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
What’s stopping them from divesting now. Is it because fossil fuels are one off the best performing sectors right now.
Hmm, this is an odd story when you consider the CTU visited the oil exporting workers paradise of Venezuela a while back. Even Bidet is put on his knee pads to get them to open their spigot.
]
Venezuela is a different story because the CTU and the Venezuelans are both communists
One assumes (and fears) that the fiduciaries enjoy immunity from liability but, if not, they could never afford to reimburse the system for the damages caused by their abdication of responsibility to examine the prudence of any decision to sell or purchase assets. So: yes, the taxpayers will reap what these fiduciaries sow. The problems compound when you reflect on the likely negative impact on resident budgets when fuel prices increase. All for the cause of signaling their virtue. If teachers were covered by defined contribution retirement plans then they could exercise their folly or their foresight, each at their… Read more »
gonna be like cigarettes. what’s the best returning stock in the S+P 500 year over year dividends included? Robert Morris. Why, big dividend, few holders. Energy will become the same as these morons pull out
Useless Marxist morons deserve to have their retirement shit-housed — by their own goofy green grift and graft
Energy investments comprise only 3% of Chicago Teachers Pension Fund total domestic equity holdings. Must be nice to be altruistic on the taxpayers’ dime.
one could only assume Amendment 1 will make taxpayers 100% responsible for paying for are public sec heros equity (equity hustle)? aaaaaaaah, equity on the publics dime!!!