Peskin Pressures SF Pension Fund to Divest from Fossil Fuels
by Shanti Singh
Sep 12, 2017
The Chronicle reports that D3 Supe Aaron Peskin and the BoS are planning to pressure the San Francisco Employee Retirement System (SFERS) via a resolution asking SFERS to sell off all of its fossil fuel portfolio holdings and shift pension investment to renewable energy sources. SFERS has resisted this call, concerned that any losses from the move will constitute a breach of fiduciary duty.