Mass Divest campaign

Fossil fuel divestment from pension funds is of growing interest, not only because of the moral imperative of moving capital resources toward renewable energy value chains, but also because it is financially prudent. Coal companies have been hammered in the markets over the past five years. There’s growing opinion that oil and gas is next. Today, I attended a webinar held by Mass Divest that outlined the legislative path to enable (but not require) independent public retirement boards in Massachusetts, with $86 billion in assets under management, to divest from fossil fuel investments.