Massachusetts pension fund hit by losses in fossil fuel stocks, group estimates – The Boston Globe

The Massachusetts state pension fund’s holdings of fossil fuel stocks lost $521 million in value in the past fiscal year, according to an estimate by a firm that advocates divesting such assets.

Trillium Asset Management said it calculated the loss based on an analysis of the Massachusetts Pension Reserves Investment Management’s nearly $1.9 billion of U.S. and foreign stocks in the “coal, integrated oil and gas, and fossil fuel exploration and production industries.” The investments fell by 28 percent in the year ended June 30, the Boston firm estimated.

via Massachusetts pension fund hit by losses in fossil fuel stocks, group estimates – The Boston Globe.

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