Pension Funds Considering Fossil Fuel Divestment, Socially Responsible Investments Get Boost From Labor Department


ibtimes.com| Published October 27 2015

By Cole Stangler

The U.S. Department of Labor has withdrawn an arcane George W. Bush-era measure that critics say discouraged pension trustees from making socially responsible investment decisions — like divesting from energy companies that contribute to climate change. The move could intensify environmental groups’ efforts to try to starve fossil-fuel corporations of billions of dollars worth of capital from institutional investors.

Last week, Labor Department officials unveiled a new interpretive guidance that Labor Secretary Thomas Perez said would ensure that “investing in the best interest of a retirement plan and in the growth of a community can go hand in hand.” The update could give legal “wiggle room” to pension trustees inclined to make socially guided investments but who may have feared running afoul of fiduciary standards designed to maximize low-risk returns, says David Webber, a law professor at Boston University… read more>


Upcoming Events & Seminars

More Events »

Whipp Tips & News

Meet Triodos, the ethical investment firm trying to fund a better world

Investors are tired of questionable practices where executives at underperforming businesses are paid huge bonuses, and of companies making staggering amounts of money at a huge cost to the planet.

Details »

Renewables Investment Nudges Out Fossil Fuel And Nuclear

In 2017, global investment exceeded US$ 333 billion, compared to only US$ 144 billion invested in conventional fossil fuels and nuclear.

Details »

How socially responsible investing can help you avoid catastrophic drops within your portfolio

According to research from MSCI, companies in the bottom ESG quintile have been twice as likely to suffer a catastrophic loss (over 95% cumulative loss) within three years.

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association