Eight public pension funds today voted in favor of a shareholder resolution asking General Electric to hasten its cleanup of PCB pollution in the Hudson and Housatonic rivers and educate people about the problem.
Voting for the resolution were the State of Connecticut Retirement & Trust Funds, Hartford, the five New York City Pension Funds, the New York State Common Retirement Fund, Albany, and the Massachusetts Pension Reserves Investment Management Board, Boston. The Connecticut fund owns 2.2 million GE shares. The New York funds own a combined 16.1 million shares; the New York state fund, 12.8 million; and PRIM, 3.4 million.
The resolutions got 7.6% of the vote plus 3.8% abstentions.
