Why Pa.’s public pension funds have millions of dollars of your money tied up in the natural gas industry
According to an annual report released last November by the Pennsylvania School Employees Retirement System, the teachers’ pension fund has $336 million dollars worth of stock invested in the controversial pipeline company. That’s the pensions’ third biggest holding of a single U.S.-based publicly traded asset.
Gov. Wolf touted near-majority backing for his infrastructure plan in June. Environmental advocates are trying to chip away at that support
Restore PA bills in the House and Senate have lost two co-sponsors each.
Restore PA requires 20 years of natural gas production. Some progressive legislators aren’t ready to sign on
A handful of state House progressives are standing strong against Gov. Tom Wolf’s signature infrastructure plan, seeing in the $4.5 billion investment spree an over-reliance on the state’s natural gas industry at a time when Pennsylvania should be moving away from fossil fuels. The administration’s proposal, known as Restore PA, “locks us into the extraction […]