US public pensions could be $21 billion richer right now
New research shows that U.S. public pension funds would be $21 billion richer had they divested from fossil fuels a decade ago.
The study, out of the University of Waterloo in partnership with Stand.earth, analyzed the public equity portfolios of six major U.S. public pension funds, which collectively represent approximately 3.4 million people, to determine the effect divesting from their energy holdings would have had. In total, researchers estimate that the pension funds would have seen a return on their investments that was 13 per cent higher on average.
Another analysis of the same eight U.S. public pension funds included in the report found that ...












