Divestment doesn't work, scope 3 reporting will tie companies in regulatory knots and ESG integration threatens pension funds long term returns and their ability to finance the transition. Utah Retirement Systems' John Skjervem says the only way to solve the climate emergency is to keep investing in fossil fuels.
The longtime Utah Retirement System investment chief, who will officially retire early next year, told Institutional Investor about some of his best and worst moments.