Energy Economics Weekly Briefings

Energy Economics Weekly Briefings

Energy Economics Weekly Briefings, by UMEI Senior Economist Ellen Hughes-Cromwick, feature an economist's look at the national transportation, energy, economic, and environmental landscape.
To receive weekly briefings via email, click here or email ksperr@umich.edu

UK Pension Funds May Get Green Light to Divest

  • Early this week, the UK government issued a report seeking com-ment on discussion to allow UK government pension funds to divest of fossil fuel related financial assets.

  • This effort is not new, but the UK government may be ahead of oth-er countries in their call to allow portfolio managers to consider this as a criteria for asset allocation.

  • Investors with an eye toward long-run climate risks, social, and corporate governance outcomes keep pushing for such considerations.

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About Ellen Hughes-Cromwick

Ellen Hughes-Cromwick recently completed an appointment as Chief Economist of the U.S. Department of Commerce during the Obama Administration. At the Department of Commerce, Hughes-Cromwick worked on several administration initiatives to improve data quality, measure the digital economy, and expand manufacturing, trade and investment.  She assisted Commerce Secretary Penny Pritzker on global macroeconomic matters in support of her commercial diplomacy, trade, and foreign direct investment initiatives. Hughes-Cromwick also supported the development of the Obama Administration’s economic forecast.

Prior to joining the U.S. Department of Commerce, Hughes-Cromwick was chief global economist at Ford Motor Company and an Adjunct Professor at U-M’s Ross School of Business. She led Ford’s global corporate economics group with major responsibility for the Company's global economic, financial, and automotive industry forecasts used to support business strategy, finance, and planning.