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June 15, 2018

Says Divestment Would Put Endowment’s Performance “At Risk” In what’s become an almost annual event, Swarthmore College (for the fourth time!) announced it would not divest its endowment from fossil fuels. The announcement came following passage of a non-binding referendum, spearheaded by a climate activism student group, that called for the school to divest and …

June 15, 2018

This weekend in St. Louis, the Presbyterian Church will begin its biennial conference, known as the General Assembly. Every two years, commissioners from presbyteries (an administrative body that represents a group of congregations) from around the nation gather to worship together, discuss business matters, and plan for the future of the church. And as in …

June 15, 2018

UPDATE (6/15/18, 11:00 am EST): In a blow to the divestment campaign, Cambridge University has officially rejected fossil fuel divestment “because it needs the yield to finance its academic program.” First reported in the Financial Times last week, this morning the University Council at Cambridge released its full announcement. From Cambridge: “The financial sustainability of the …

June 14, 2018

This week, Divestment Facts responded to the New York City Comptroller’s Request for Information (RFI), from which his office hopes to gather insight into how the city can divest $5 billion in fossil fuel assets during a five-year period in a manner “consistent with fiduciary duty.” Our response, which highlights the findings of numerous professors …

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