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…
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Lou Allstadt - Page 2
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…