Fossil Fuel Divestment

Ecoflight

Shale drilling in the US has produced record volumes of oil and natural gas in the last decade, but the industry and struggled to achieve profitability, racking up billions of dollars in debt. Now in midst of an international price war and global pandemic, the financial future of shale looks uncertain. To find out more, KDNK’s Lucas Turner spoke to attorney and freelance reporter Sharon Kelly about her recent article in Desmog Blog, titled Stock Market Turmoil Undermines Claimed Energy Dominance Benefits of US Shale Drilling

CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)
James Ennis


  A new study by media and analysis firm Corporate Knights reveals that Colorado's Public Employee Retirement Association (PERA) lost over 1.7 billion in retirement savings since 2009 by continuing to invest in fossil fuels. Climate activists hope the new data could convince PERA's Board of Trustees to take divestment action.