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Plan Will Create 6.9 to 12.9 Million New Jobs by 2024

https://www.americanmanufacturing.org/ COVID-19 shocked the U.S. economy and made clear that the U.S. needs to ramp up production of critical goods. Here’s how we make things better. It’s an entirely predictable sequence: Every four years, national political figures will find their way to industrial battleground states such as Michigan, Ohio, Pennsylvania, and Wisconsin, and proceed to extol the virtues of factory jobs. Some economists and idealogues (sic) will then dismiss the political rhetoric as nostalgic and unrealistic pandering. I welcome the attention this issue receives and am happy to joust with the skeptics, because I know just how important manufacturing is to the health of our n

State Treasurer Torsella Establishes Keystone Green Bank Partnership To Support Clean Energy Project

On October 13, State Treasurer Joe Torsella announced the establishment of the Keystone Green Bank Partnership, in coordination with the Department of Environmental Protection to provide attractive financing to projects that support clean and alternative energy sources, non-fossil fuel transportation, and other similar projects. “There is no greater threat to Pennsylvania and our planet than climate change. We must make meaningful change to reduce carbon emissions and get a handle on this crisis, before it’s too late,” said Treasurer Torsella. “Pennsylvania is one of the largest energy producers in the country, and we need innovative ways to catalyze clean and renewable energy sources to hav

Impacts of the Reimagine Appalachia& Clean Energy Transition Programs for Pennsylvania

Job Creation, Economic Recovery, & Long-Term Sustainability By Robert Pollin, Jeannette Wicks-Lim, Shouvik Chakraborty, and Gregor Semieniuk Department of Economics and Political Economy Research Institute (PERI), University of Massachusetts Amherst PRELIMINARY SUMMARY OF MAIN RESULTS ON: Employment creation through investments in clean energy, manufacturing/infrastructure, and land restoration/agriculture Employment contraction and just transition for workers in fossil fuel-dependent industries The COVID-19 pandemic has generated severe public health and economic impacts in Pennsylvania, as with most everywhere else in the United States. This study proposes a recovery program for Pennsylvan

Ohio researchers show how solar could help turn around Appalachian economy

By Kathiann M. Kowalski https://energynews.us/ The Ohio University study is the first to quantify the broad economic impact of utility-scale solar projects for the state. Coal’s downturn has taken a toll on Appalachian Ohio, but solar power could be one step on a potential path forward as the region’s economy tries to rebound. A recent analysis by Ohio University suggests that utility-scale solar projects could create tens of thousands of jobs and billions of dollars in economic activity in the state. The analysis is the first attempt to quantify the potential long-term, collective impact of large solar projects in the state, as opposed to individual developments. It concludes that the secto

Appalachia infrastructure plan could bring 235,000 Ohio jobs, study says

Céilí Doyle at The Columbus Dispatch If a blueprint laid out by ReImagine Appalachia, a national coalition of nonprofit organizations, is federally funded it could create 235,000 jobs in Ohio over the next 10 years, according to a study by the Political Economy Research Institute. "We are operating under the assumption that national climate legislation will happen,"' Amanda Woodrum said. "We don't know whether it will be six months from now or five years from now, but with the COVID recession and Congress' recent failure to pass a stimulus package, we believe relief will come in the form of a federal stimulus package." Woodrum, a senior researcher at Policy Matters Ohio (a ReImagine Appalach

Responsible Investor Aviators Answer 7 Questions

Q1 Please tell us about your institution, and how you began moving toward responsible investment and/or good corporate governance? The AFL-CIO Investment Trust Corporation (ITC) is one of the original AFL-CIO branded institutions--serving the AFL-CIO Building Investment Trust while also bringing additional labor-friendly products to the pension marketplace. ITC has worked on championing responsible investment since it began operations some 30 years ago. Our view of responsible investment continues to expand and evolve as investor demand for such vehicles has broadened. Q2 How did you get personally become interested in the capital markets, pension fund world and progressive responsible inves

Breaking News from ReImagine Appalachia's Sustainable Finance Policy Summit

Yesterday, Congressman Andy Levin proposed a long-needed sustainable investment policy for America!  Having led the opposition in the US House of Representatives to the US DOL’s proposed rule to obstruct ESG/ETI investments, Congressman Levin spoke forcibly to a convening in industrial and rural Appalachia, about the need for America’s pension funds to take into account workers wages, benefits, and protections; workers’ and human rights; and the fierce urgency of climate change. The Sustainable Investment Policy Act will require retirement investors and fiduciaries to consider environmental, social, and governance (ESG) factors into account when making investments. Congressman Levin was the

The Sustainable Investment Policy Act

Congressman Andy Levin MI-09 (Congressman Levin plans to introduce this Act in the near future.) The purpose of the Sustainable Investment Policy Act is to require retirement investors and fiduciaries to consider environmental, social, and governance—or “ESG”—factors when making investments that are covered by The Employee Retirement Income Security Act of 1974 (ERISA) and the Investment Advisers Act of 1940. Considering ESG factors is integral to fiduciary duty, because those factors help ensure the long-term sustainability of investments, without which Americans’ retirement security cannot be guaranteed. The bill outlines six categories of ESG factors investors must consider and make clear

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