Even though Brown University has decided not to divest from the coal industry, the Capital City is still considering taking its pension investments out of companies that profit from fossil fuels.
While Brown decided against divesting about $1 million (or 1 percent of its endowment) from 15 coal companies Sunday, Providence is considering moving more than $10 million of its $283,294 million pension nest egg from 39 fossil fuel companies to more socially responsible funds. What those new funds might be has yet to be determined.
Wainwright Investment Counsel produced this list for the city in August:
Equities
BP ………………………..$1,180,601
Chevron Corp ………..$692,395
Conocophillips ………$479,964
Energen Corp ………..$131,459
Eni Spa …………………$835,907
EQT ……………………..$191,165
Exxon Mobil …………..$646,875
Gdf Suez ………………..$1,244,539
Lukoil ……………………$612,200
Marathon Oil ………….$298,152
Marathon Oil Corp ….$154,712
Marathon Petroleum .$102,295
Mitsubishi ………………$544,447
Noble Energy ………….$143,102
Occidental Petroleum.$59,664
Questar Corp …………..$52,492
Sm Energy ………………$151,550
Southwestern Energy .$196,665
Swift Energy ……………$71,790
Total SA ………………….$1,253,430
Total equities ……..$9.043,403
Fixed income
Alcoa ………………………..$108,665
Anadarko ………………….$118,718
Arcelormittal …………….$18,113
Chesapeake ………………$152,600
Continental ………………$58,350
Encana Corp …………….$123,921
Newfield Exploration ..$108,150
Occidental Petroleum ..$240,890
Peabody Energy ………..$76,688
Petrobras ………………….$189,128
Questar Corp …………….$145,636
Rio Tinto ………………….$129,038
Rio Tinto ………………….$88,621
Sm Energy ………………..$15,900
Statoil Asa ………………..$160,545
Teck Resources …………$5,100
Teck Resources …………$117,627
Total ………………………..$1,857,689
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