Written by rjs, MarketWatch 666This is a collection of interesting news articles about the environment and related topics published last week. This is usually a Tuesday evening regular post at GEI (but can be posted at other times).
Activists want teachers fund to divest from coal
Massive teachers retirement fund owns coal stocks in China, India
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Student climate activists have been in the forefront of the fossil fuels divestment movement.Times Union file photo
ALBANY A fossil fuel divestment group took aim at the teachers retirement system on Tuesday, urging the organization to divest of the coal stocks they say continue to make up a substantial part of their portfolio. It may be easier said then done, however.
“NYSTRS is increasing its exposure to the coal industry,” said Liam Smith, of New Youth Climate Leaders and Divest NY which have been urging public sector pension funds to divest from coal and other fossil fuel industries they say are adding to greenhouse gases.
Activists want teachers fund to divest from coal thetelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetelegraph.com Daily Mail and Mail on Sunday newspapers.
AP7 cuts 10 coal producers from equities portfolio
A pile of coal slag at a metals plant in Germany.
AP7, Stockholm, divested 273 million Swedish kronor ($32 million) from its equity investments linked to 10 coal producers, a spokesman confirmed.
Following its latest six-month review of exclusions, the fund divested its holdings in China Resources Power Holdings Co., Coal India, Exxaro Resources, Inner Mongolia Yitai Coal Co., Korea Electric Power Corp., PT Adaro Energy Tbk, SDIC Power Holding Co., Shaanxi Coal Industry Co., Washington H. Soul Pattinson and Yanzhou Coal Mining Co. The divestments were made because companies continue to expand in coal production and coal power, the spokesman said.