A Missouri coal company that holds investments from Connecticut’s pension fund has agreed to produce a report on fossil fuels and their impact on climate change, State Treasurer Denise L. Nappier announced.
The agreement with Peabody Energy comes after the Connecticut Retirement Plans and Trust Funds filed a shareholder resolution that called for the report. CRPTF will withdraw the resolution, Nappier said.
The report will focus on methods for capturing and storing carbon. CRPTF had asked for a report addressing fossil fuels’ contribution to climate change and the financial and operation risks to Peabody.
CRPTF holds nearly 60,000 shares of the company, valued at approximately $3.4 million.
