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June 29, 2016

  By now, no one should be surprised by “empty gesture” divestment pledges from college campuses and pension funds. The latest example? The University System of Maryland Foundation (USMF). The University, according to the student paper, “has no direct investments in coal, tar sands or any companies on the Carbon Underground 200 list,” yet announced …

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June 22, 2016

The month of June has not been kind to the divestment movement, with two major universities already deciding not to divest their endowments from fossil fuels. First, as DivestmentFacts.com already noted, NYU announced it would not divest in a memorandum to students and faculty.  Shortly thereafter, Cambridge University also rebuffed calls to divest, becoming the …

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June 16, 2016

New York University has officially announced it is rejecting divestment in a newly released memorandum to the NYU community. This spring, student activists and campaigners in support of the divestment movement called upon the university to divest its holdings in fossil fuels, despite the costs of such a decision. Luckily for the NYU endowment and its beneficiaries, the school …

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June 16, 2016

A new report by Prof. Hendrik Bessembinder of Arizona State University highlighting the true cost of divestment is receiving nationwide attention. The study found that transactional costs and management fees alone could cost endowments billions of dollars to rid themselves of fossil fuel investments – over and above any costs that would be incurred through …

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