Tag Archives: VA529

VA529 responds to WWALS request to divest from Spectra Energy

It seems to miss one of the main points, but thanks to Mary G. Morris, CEO, VA529, for a thoughtful reply to the WWALS request to divest from Spectra Energy.

ESG (Environmental, Social and Governance) It seems to me that investing in a highly risky pipeline company such as Spectra Energy would be “contrary to [VA529’s] overall investment goals and mission”, at least if those goals include reliable investments for college, and not stranded investments.

It might be worth looking into the Parnassus Core Equity Fund she mentions. Perhaps college savers who want reliable investments would want to consider moving their investments there.

Suwannee Riverkeeper may continue correspondence with VA529.

Meanwhile, VA529 has a handy VA529 contact form or you can call or write: Continue reading

College mutual fund VA529 owns Sabal Trail stranded assets

Update 2016-12-08: Letter sent to VA529 board: PDF.

Do the parents and grandparents who bought Virginia529 funds as safe investments for future college know VA529 is the biggest mutual fund investor in risky investments Spectra Energy of Sabal Trail and Enbridge of the Dakota Access Pipeline? Maybe you’d like to point that out to Mary G. Morris, the Chief Executive Officer of Virginia529 College Savings Plan, the biggest mutual fund investor in both Spectra Energy and in Enbridge, which is buying Spectra.

Sabal Trail through Suwannee River State Park

There’s a handy VA529 contact form or you can call or write: Continue reading