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 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…
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Allstadt, Russell Fossil-Fuel Debate Topic Of Column In New York Times 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…
TRUSTEES CAST OUT OIL STOCKS S&P 500 Stocks Shifted To S&P 475 By JIM KEVLIN • for www.AllOTSEGO.com COOPERSTOWN – Rejecting the advice of the village treasurer, the Village Board this evening voted unanimously to shift its investments in S&P 500 stocks over the next year into an S&P 475 scrubbed free of fossil-fuel companies. Trustees acted despite Treasurer Derek Bloomfield, citing guidelines for CFAs (chartered financial analysts), advising them that a fully diversified portfolio, including fossil-fuel stocks, is the…
Jubilant Local Fracking Foes Shift Focus To Renewables, Pipeline By JIM KEVLIN • The Freeman’s Journal/HOMETOWN ONEONTA Editions of Thursday-Friday, Dec. 25-26, 2014 COOPERSTOWN Today, Albany. Tomorrow, Kalangadoo, Australia. While local fracking foes were elated by Governor Cuomo’s Wednesday, Dec. 16, announcement that he plans to ban the controversial practice in New York State, they were already looking beyond. The widest-reaching is Lou Allstadt, the retired Mobil executive vice president, whose short-term plans include appearing on a Jan. 12 panel at…
