- Associated Press - Wednesday, February 3, 2016

MONTPELIER, Vt. (AP) - Gov. Peter Shumlin is doubling down on his call for divesting Vermont’s pension funds from coal and from the oil giant Exxon-Mobil. Shumlin remains at odds with his fellow Democrat, state Treasurer Beth Pearce, over the wisdom of singling out the fossil fuel stocks for selling off.

Shumlin called a news conference on Wednesday and gathered around him officials from four companies and Sterling College - all of whom said their organizations had sold off their fossil fuel investments.

Shumlin reiterated recent calls he’s made for Vermont to sell off coal and Exxon-Mobil investments and to piggy-back on a California study on divesting from all fossil fuels.

Pearce reiterated the criticism of having the Legislature make investment decisions, rather than the board overseeing the state’s investments.



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