When we wind up talking about divestment campaigns these days one of the most frequent topics under discussion is Israel, but that’s not the only target of liberal activists using these tactics. There’s still a major push from the Left to persuade companies to pull their investment capital from the energy industry so as not to be associated with those dirty old fossil fuels. When colleges go that route (in the rare cases where they actually go through with it) they don’t face as much backlash because they retain control of their endowments and many of their alumni donors are of the liberal persuasion. But when you begin talking about funds set up for people relying on those returns for their pensions, what do the prospective pensioners themselves think about it? The Independent Petroleum Association of America (IPAA) decided to find out, and they’ve just released the results of a national survey conducted among those who stand to gain (or lose) the most from these funds. Given the historic profitability of the energy sector as an investment tool, the results likely won’t be too shocking . (IPAA) Coming on the heels of news this week that the District of Columbia Retirement Board intends to divest its direct financial holdings in hydrocarbon-energy producers, while not selling any of its larger commingled funds that contain many of the same stocks, the Independent Petroleum Association of America (IPAA) today unveiled major new re
from Breaking News http://ift.tt/1UoXw7k
No comments:
Post a Comment