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June 11, 2019

Update (June 11, 2019): The Norwegian Parliament is expected to vote tomorrow, June 12, to mandate the country’s pension fund, known as the Oil Fund or Government Pension Fund Global, to sell off holdings in a selection of natural gas, and coal companies while increasing investments in renewable energy companies.  The move follows a March …

June 11, 2019

It’s the workers benefitting from pension funds who are often the ones lost in the divestment debate. They rely on robust returns from those funds to support their retirement and maintain financial independence. Thankfully, amid the political back-and-forth, a retired firefighter from New York brings the focus back to where it belongs: the workers and …

June 11, 2019

New York Comptroller Tom DiNapoli reasserted his position against fossil fuel divestment this week as he rolled out a new report detailing plans to increase select “sustainable investments” and engagement efforts. Despite pressure from some upstate politicians, DiNapoli has long chosen action over divestment, calling the empty gesture a costly effort that goes against his …

May 24, 2019

This week, the Church of Scotland voted against a divestment motion aimed at oil and natural gas companies. The 303-263 tally deals another blow to worldwide divestment campaigns. Even pro-divestment outlet The Guardian admitted the defeat, reporting: “Although the general assembly voted to ‘recognize and affirm the declarations of the Scottish government, UK parliament and …

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