January 25, 2023
REPORT: Colorado PERA lost $2.7 billion by not divesting from fossil fuels a decade ago.
A new report by Corporate Knights reveals that Colorado’s pension fund, the Public Employees’ Retirement Association (PERA), is valued at $2.7 billion less than it would have been had it divested from fossil fuels a decade ago.
This represents an opportunity cost of over $4,100 for each of the more than 630,000 PERA members!
The new study also predicts that, if PERA continues to invest in fossil fuels for the next decade, they could lose an additional $6.4 billion.
A similar study conducted in 2019 found that PERA had lost $1.7 billion by not divesting from fossil fuels – this new study demonstrates that losses jumped by $1 billion, just in the last three years.