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February 16, 2017

Today, the Democratic Vermont Treasurer expressed a strong opinion against fossil fuel divestment telling a hearing, “I’m going to be blunt. We talked about divestment. It doesn’t work in this portfolio.” The comments from Beth Pearce were part of a presentation to the state’s Pension Investment Committee (VPIC) on a groundbreaking report on the costs …

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February 10, 2017

Over the last few years, a majority of Boards of Trustees, Administrators, and University Presidents have come to the same conclusion about fossil fuel divestment: the cost is too high and the benefits are illusory.   Now, even the students pushing for divestment are throwing down their ‘fossil free’ posters and dropping out of the failing …

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February 10, 2017

Next week, Gonzaga University is slated to release a report on the fossil fuel holdings present in its endowment investments.  To be clear, this report itself is not a decision on divestment, but rather a response to pressure on the university to provide more transparency on its fossil fuel holdings. Yet given increased pressure on …

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February 9, 2017

Report finds divestment a “slippery slope” that “has not been shown to be in the best interests of VPIC pension beneficiaries, and conflicts with VPIC governance structure.” A new report conducted by an independent consulting firm for the state of Vermont confirms what economists, pension fund managers and academics have long said about fossil fuel …

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