TREND. Pension Fund Pushes Back Against Pipeline Divestment.

A bill in California calls for public funds to be divested from interests in Dakota Access Pipeline. CALPERS wants to keep these investments whcih include investments in Wells Fargo.

What argument is offered against divestment?

• ““Investors that divest lose their ability as shareowners to influence the company to act responsibly”

Also this week, Seattle voted to divest from Dakota Access Pipeline.

Sacramento Bee | CalPERS wants to keep investments in Dakota Access pipeline