Fossil-Fuel Business Facing Major Change Letter to Editor by LOU ALLSTADT The Freeman’s Journal, Nov. 25, 2016 To the Editor: I am again compelled to respond to Mr. Russell. First, to remove any confusion, accompanying this letter is a graph published by S&P Dow Jones, which I made available to this newspaper two weeks ago. (To see chart, click image at left). The lower line is the original S&P500 index. The upper line shows the newer S&P500 index excluding fossil…
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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 To the Editor: I read with interest Cooperstown Village Trustee Lou Allstadt’s response to my article regarding the Cooperstown Village Board’s decision to divest fossil-fuel stocks in the firefighters’ and emergency workers’ defined benefit plan. I thought some of his points merited a response from me. It was refreshing to see Mr. Allstadt lay out a fiduciary…
Investors, Cooperstown Included, Can No Longer Ignore Climate Change Op-Ed by LOU ALLSTADT The Freeman’s Journal, Thursday, Nov. 11, 2016 Editor’s Note: Cooperstown Village Board voted Oct. 26 to shift $140,000 in its firefighters’ and emergency squad retirement fund away from fossil-fuel stocks on the advice of Trustee Lou Allstadt, the retired Mobil executive vice president. That prompted an analysis by attorney David Russell, a former pension-fund counsel in the state Comptroller’s Office. This is Mr. Allstadt’s response to Mr.…
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 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,…
Base Pension-Fund Decisions On Unbiased, Impartial Expertise Op-Ed by DAVID RUSSELL The Freeman’s Journal • Nov. 4, 2016 Editor’s Note: David Russell, a Cooperstown resident, was formerly assistant counsel for state Comptroller H, Carl McCall, the sole trustee of the state’s Common Retirement Fund, and has been a long-time manager of alternative investment programs, including social “impact” programs, for public pension plans, endowments and foundations. It is not clear, at least to this writer, the totality of research data or…
VILLAGE CASTS OUT FOSSIL FUEL STOCKS The Freeman’s Journal, Oct. 27, 2016 Editor’s Note: The Cooperstown Village Board unanimously voted Oct. 24, 2016, to divest fossil-fuel stocks in its fire and police department pension funds, setting off a debate between Trustee Lou Allstadt, the retired Mobil executive vice president, and David Russell, a lawyer, banker and former assistant counsel for pensions in the state Comptroller’s Office. This is the first news report on the issue. By JIM KEVLIN COOPERSTOWN – It…
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