The retirement fund for employees of the state of Colorado has over $2.1 billion invested in fossil fuel companies, according to a new report released by the environmental advocacy group Stand.earth.
The Colorado House Finance Committee missed an opportunity Monday to move state pension funds (Public Employees’ Retirement Association, or PERA) onto a more financially and environmentally sound footing. In an 8-2 vote against the proposed new law (PERA Divestment From Fossil Fuel Companies, HB21-1246), lawmakers held onto mistaken assumptions about the stability of fossil fuel investments. Those views are no longer accurate and do not reflect today’s reality.
I am a medical doctor in Pueblo, specializing in public health, particularly occupational and environmental health. Before COVID forced me to suspend my practice, I evaluated many people with health problems related to their work or pollution in their communities. It was frustrating that all too often the conditions were due to preventable exposures.