Union Pension Funds Go Green -- But It's Not the Color of Money

Union Pension Funds Go Green -- But It's Not the Color of Money

Osorio article in Capital Research Center's Labor Watch
September 01, 2008

Full article available in pdf

Organized labor officials are using their control over union pension funds to promote their own political agenda at the expense of rank-and-file union members. By promoting shareholder resolutions that advance environmentalist causes, among other “progressive” goals — as part of the unions’ “corporate campaign” strategy — unions are building a stronger political coalition, but they may be violating their fiduciary responsibility to their own members and putting workers’ retirement security at risk