News of Otsego County

Serving Otsego County, NY, through the combined reporting of Cooperstown's Freeman's Journal and the Hometown Oneonta newspapers.
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James B. Stewart

HAPPENIN’ OTSEGO for SATURDAY, AUGUST 18
HAPPENIN’ OTSEGO for SATURDAY, AUGUST 18

Hops History Festival

14-19eventspage

HOPSEGO – 10 a.m. – 5 p.m. Family friendly festival featuring activities, fun, games, opportunities to learn local history and craft brewing. The Farmers’ Museum, Cooperstown. 607-547-1450 or visit www.farmersmuseum.org/Hopsego

ANTIQUE TRACTORS – 9 a.m. – 5 p.m. Antique tractors, engines, working exhibits on display. All brands, sizes, shapes, colors, conditions accepted. Fun for all. Roseboom. 607-264-9327 or visit www.farmershotline.com/farm-events/18th-annual-roseboom-antique-power-days

Editor’s Note:  This posting of letters on divesting fossil fuels led to today’s column in the New York Times, “Once an Oil Executive, Now a Crusader Against Fossil Fuel Stocks,” by James B. Stewart.  A number of readers have asked for the link, so here it is again.

The Cooperstown Debate

DIVESTING

FOSSIL-FUEL

STOCKS

The lead article in the Oct. 27, 2016, edition of The Freeman's Journal set off a debate on the fossil-fuel divestment between to local heavy-hitters, Lou Allstadt, the village trustee and former Mobil executive vice president, and David Russell, the lawyer, banker and former pension counsel to the New York State Office of the Controller. Interest in the Allstadt-Russell discussion and requests for reprints has prompted this online compilation of the discussion.
Editor’s Note:  The lead article in the Oct. 27, 2016, edition of The Freeman’s Journal set off a debate on the Village of Cooperstown’s decision to divest fossil-fuel investments between two local heavy-hitters, Lou Allstadt, the village trustee and former Mobil executive vice president, and David Russell, the lawyer, banker and former pension counsel to the New York State Office of the Controller. Interest in the Allstadt-Russell discussion and requests for reprints has prompted this online compilation of the discussion.

VILLAGE CASTS OUT

FOSSIL-FUEL STOCKS

News Article

The Freeman’s Journal, Thursday, Oct. 27, 2016

Base Pension-Fund Decisions

On Unbiased, Impartial Expertise

Op-Ed by DAVID RUSSELL

The Freeman’s Journal, Thursday, Nov. 14, 2016

Investors, Cooperstown Included,

 Can No Longer Ignore Climate Change

Op-Ed by LOU ALLSTADT

The Freeman’s Journal, Thursday, Nov. 11, 2016

Expert Opinion, Advice Mixed On

Future Performance Of Fossil-Fuel Stocks

Letter to Editor by DAVID RUSSELL

The Freeman’s Journal, Thursday, Nov. 18, 2016

Fossil-Fuel Business

Facing Major Change

Letter to Editor by LOU ALLSTADT

The Freeman’s Journal, Nov. 25, 2016

Allstadt, Russell Fossil-Fuel Debate Topic Of Column In New York Times

Allstadt, Russell Fossil-Fuel Debate

Topic Of Column In New York Times

James B. Stewart
James B. Stewart

COOPERSTOWN – Under the headline, “Much Ado in Cooperstown, N.Y., Over Vote to Dump Fossil Fuel Stocks,” New York Times business columnist James B. Stewart has assessed the multi-week debate in The Freeman’s Journal/Hometown Oneonta between Lou Allstadt and David Russell on the Village Board’s decision to divest fossil-fuel stocks from one of its pension portfolios.

“The trustees of Cooperstown, N.Y., hardly expected their village (population 1,834) to emerge as a flash point in a national debate over climate change and socially responsible investing,” Stewart, author of the 1992 best-seller, “Den of Thieves,” on the collapse of Drexel Burnham Lambert, and an eminent business columnist, wrote in an article that went up on www.nytimes.com this afternoon and is due for publication in Friday’s print edition.

Stewart is familiar with Cooperstown through attending the Glimmerglass Festival, and was at The Otesaga last summer to hear the festival-sponsored discussion of the Salem witch trials that featured New Yorker writer Jeffrey Toobin.

CLICK HERE TO READ JAMES STEWART’S COLUMN
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