Energy
New Sierra Club Analysis Shows U.S. Public Pensions Hold Billions in Fossil Fuel Bonds
WASHINGTON, D.C. — Today, Sierra Club released a new analysis of public data published by Urgewald on fossil fuel bond holdings across 40 U.S. public pension funds, finding that fossil fuel debt remains embedded in public pension…
AI Summary
Sierra Club released a new analysis of public data compiled by Urgewald that examines fossil‑fuel bond holdings in 40 U.S. public pension funds. The study finds that significant amounts of fossil‑fuel debt remain embedded in these portfolios and that the available bond‑holding data are markedly incomplete. It notes that even pension funds with climate policies or emissions targets can still hold substantial exposure to companies whose activities pose systemic climate risk, endangering millions of workers’ retirement savings. The full dataset and individual pension results are accessible via an accompanying dashboard.
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