Pension fund divestment endangers retirements

June 1, 2018

Times Union

Michael Carrube

No reasonable person can argue that man-made climate change is not real. We must find ways to deal with it to ensure a healthy planet for our children and grandchildren.

We undoubtedly need to explore ways to best do this, but while the issue of having pension funds divest from fossil fuels is worth discussing, we cannot do it willy-nilly on the backs of state and municipal workers and retirees under the gun of calls to immediately divest or to be locked into a rigid timeline for doing so.

Public pensions are a right earned by state and municipal workers and retirees who have devoted much of their lives to protecting and serving the public. They should not be used as policy experiments and be part of some broad political agenda.

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Case is weak for divesting fossil fuels from NY pension fund (Commentary)

Ted Skerpon

It appears that environmental groups are putting pressure on Gov. Andrew Cuomo and some elected leaders in Albany to divest fossil fuels from the New York state pension portfolio. As chairman of the Utility Labor Council of New York, I have serious concerns about this proposal. First, divesting fossil fuels from...

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