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2018-01-17 23:35:00

CHEAP DISGRACEFUL WAY

CHEAP DISGRACEFUL WAY

API - API New York Executive Director Karen Moreau released the following statement on New York Mayor Bill de Blasio's announcement to divest the city's pensions from oil and natural gas.

"Today Mayor de Blasio turned his back on millions of first responders, police officers, firefighters and other public employees who depend on their pensions to provide for themselves and their families in retirement," said API New York Executive Director Karen Moreau. "Government pension managers have a responsibility by law to seek the greatest return for their investors and pensions that invest in oil and natural gas companies have historically delivered a higher return than other investments. Deliberately hurting pension holders, like the fine men and women who keep our city safe, is a disgraceful way to score cheap political points. Elected officials should never use taxpayer resources to hijack public pensions to advance a wrong-headed political ideology. Further, our industry has led the way in reducing U.S. carbon emissions to their lowest levels in nearly 25 years due to the increased use of clean and abundant natural gas to deliver reliable electricity."

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Earlier:

 FOSSIL FUELS DIVESTMENT $5 BLN
2018, January, 15, 10:00:00

FOSSIL FUELS DIVESTMENT $5 BLN

RBF - New York City Mayor Bill de Blasio and Comptroller Scott Stringer announced plans to divest the city’s five pension funds of approximately $5 billion in fossil fuel investments in an effort to safeguard the retirement plans of the city’s employees from the threat of underperforming assets. The total size of the retirement funds, $189 billion, makes New York City the largest American municipality to divest to date.

 THE NEXT ENERGY WAR
2016, April, 2, 17:52:00

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NEO - The Rockfellers are one of the most powerful families in the United States, and have been for a long time. Their history can be traced back to the 19th century and the rise of a corporation called Standard Oil. Today, their power can be found in the world’s largest oil corporation, Exxon-Mobile. Exxon-Mobile, a direct descendant of John D. Rockefeller’s Standard Oil, is the fifth-largest corporation in the entire world.

 

 MONEY LEAVE EXXON
2016, March, 29, 18:30:00

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The Rockefeller Family Fund said on Wednesday it would divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the public about climate change risks.

 

 ROCKEFELLERS SELLS OIL ASSETS
2016, March, 24, 12:16:00

ROCKEFELLERS SELLS OIL ASSETS

THE GUARDIAN - The Rockefeller Family Fund, a charity set up in 1967 by descendants of John D Rockefeller, said on Wednesday that it would divest from all fossil fuel holdings “as quickly as possible”.

 

 ROCKEFELLERS REINVEST IN RENEWABLE
2014, September, 24, 12:34:00

ROCKEFELLERS REINVEST IN RENEWABLE

BBC - Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.

 
 
Tags: OIL, GAS, INVESTMENT