Fossil fuel investments cost pension funds billions

Information like this needs to be much more widely publicized. Certainly didn't lead the news for any Minnesota corporate media, that I saw.

For U.S. public pension funds, divesting from oil, coal, and gas would result in overall higher financial value.

That is the key takeaway from a new study examining the past decade’s portfolio performance for several of the largest public pension funds in the country. The analysis by researchers at the University of Waterloo, published (June 27) in partnership with the organization Stand.earth, has found that the total cumulative value of six major U.S. public pension funds would have been about 13 percent higher had they divested from fossil fuel holdings ten years ago – equivalent to around $21 (billion) in earnings. - DeSmog