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POWER PLAYS | Energy, innovation and distrust collide in Colorado denvergazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from denvergazette.com Daily Mail and Mail on Sunday newspapers.
The legislation would have forced the Public Employees’ Retirement Association to ditch about $1.5 billion in fossil fuel securities from its roughly $60 billion portfolio of mostly globally traded equities and fixed-income securities. Legislative budget analysts said the move would rack up $21.6 million in fees to divest and reinvest. The strike against climate change, however, would be mostly symbolic, based on what I heard from Amy McGarrity, PERA s chief investment officer. If Colorado gets rid of its fossil fuel stocks, someone else will just buy them, she said. If the goal is to send a message about cleaning up the air, though, Colorado would have a louder voice as a shareholder than a bystander. ....
INSIGHTS | Oil and gas heats up political speech around retirement investments coloradopolitics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coloradopolitics.com Daily Mail and Mail on Sunday newspapers.
KC Becker has to be feeling good about the Colorado she’s helped create these days. You might or might not feel the same way. Nobody, though, can say the former House speaker from Boulder hasn’t delivered on what she went to Denver to do, when she was elected to the legislature in 2012. Colorado is harvesting the fruit of her political labor on climate change at the moment, and it merits recognition. Politics has a short memory. How we got here also might give us a sense of where we’re going. I’ll start at the beginning. The real beginning. When she was a teenager, Becker came west to Wyoming for a summer. She hiked the trails, and she climbed the mountains, where the sky unfolded like a blanket of blue with the evergreens spread out below her. ....
The pace toward Americaâs energy future has quickened as of late, and Colorado could offer directions on where this is headed. At stake is a changing climate and clean air against millions, if not billions, of dollars in commerce and taxes churned out by powering our lives. His first day in office, Joe Biden put America back in the Paris climate agreement. In short order, he killed the massive Keystone XL oil pipeline, and caffeinated Joe designated climate change a national security priority. More? He doubled the aim for offshore wind energy production, while moving more public land and water out of the reach of energy producers. ....