Month: January 2017

The Moms Clean Air Force Clearly Missed the Target

The Moms Clean Air Force—a “special project” of the Environmental Working Group supported by activist like 350.org and the Union of Concerned Scientists— landed on Capitol Hill last week to oppose the nomination of Oklahoma Attorney General Scott Pruitt to head...

/ January 17, 2017

Divesting from Divestment

As 2017 gets started, the activist rhetoric for divestment will inevitably ramp up. So here are a few hard truths that divestment proponents ignore: 1. It’s bad business. Pension and university endowment managers have a heavy charge: to optimize their...

/ January 12, 2017

The Financial Assault, Part 3: The DOL encourages fund managers to trade portfolio value for political activism

In a stunning display of political gamesmanship, the US Labor Department issued an “interpretive bulletin” last week that “encouraged financial advisers to take a more active and vocal role in evaluating companies on their social and environmental positions, including climate...

/ January 3, 2017