CalSTRS

Institutional Investors Are Running Away From Big Oil, & Towards The “Safe Haven” Of Clean…

The global transition from fossil fuels to clean energy isn’t going to happen because it’s the best choice for human health and the environment. Observing the way humans have responded to the current pandemic should put to rest any delusions about our propensity to “do the right thing.” No, companies and investors will abandon polluting energy sources when they become convinced that it’s the profitable thing to do.

Tesla’s Proposed Compensation Package For Elon Musk Approved After Split In Recommendations

The performance-based compensation package Tesla’s board recently proposed for Tesla CEO Elon Musk has drawn a variety of responses to date. After two of the most prominent proxy advisory firms out there came out against the proposal and urged shareholders to vote against it, Tesla’s fourth largest investor, the T. Rowe Price Group, seemingly came out in favor of the proposal.

California’s Public Pension Funds Incurred $5 Billion Loss Due To Fossil Fuel Companies

A new report has found that California’s two public pension funds lost over $5 billion over the last year due to investments in the top 200 fossil fuel companies. The report was published by Trillium Asset Management, “the oldest independent investment advisor devoted exclusively to sustainable and responsible investing,” and highlights … [continued]