Its no secret that a number of state and city public pensions are in crisis. From Puerto Rico to Detroit to Illinois (and many other states, as we will soon come to discover), governments have made promises to their public employees that simply cannot be kept, which has already resulted in financial crises in several localities that have put enormous pressure on governments.
Recognizing this, some analysts have suggested that a switch from fossil fuel holdings to green energy technologies such as solar and wind might be prudent for pension managers, pointing to the strong performance of…

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