Friday, June 10, 2016

Fossil Fuel Divestment Might Focus On Tobacco Investments

You see?  Ideology uber Alles!  Until finally you just can't do it anymore. What complete morons. But, you have to give them credit when they realize their own stupid mistakes.  Of course, the article only says they "might".  But in the Leftist world "might" means they will.

The re-examination of CalPERS’ investment strategy with respect to tobacco stocks has been driven by a report of an outside consultant that concludes the fund has lost as much as $3 billion in net investment gains between 2000 and 2014 by not investing in them. For a fund that today has about $300 billion in assets, a $3 billion loss of investment income is meaningful (1%).
And who was it that started all of this?  Why one of the institutions was the Rockefeller Fund  Brothers.  You know the Rockefellers, right?  The family that made their fortune as CAPITALISTS?

Yet another reason to shut down these "philanthropic" groups.

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