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March 8, 2019

After more than a year of deliberation, Norway’s Finance Ministry has recommended a partial step in selling select oil and gas stocks from its trillion-dollar wealth fund, the largest publicly held investment in the world. In a statement on Friday, Minister of Finance Siv Jensen explained the decision is meant to “reduce the vulnerability” of …

March 7, 2019

In 2017, headlines swirled over Norway’s trillion-dollar sovereign wealth fund and the proposed idea to sell off its oil and natural gas holdings. Now, nearly two years since the initial proposal was made, the Norwegian Finance Ministry is slated to make a final decision on the matter this Friday. Ahead of this anticipated announcement, here’s …

February 27, 2019

As divestment campaigners gather in Albany today to show support for State Senator Kruger and Assemblyman Ortiz’s divestment legislation, they’d do well to consider the words of an important detractor— the head of the pension fund, New York State Comptroller Thomas DiNapoli. For starters, DiNapoli is actually in charge of investment decisions for the New …

February 13, 2019

At a recent climate conference at Brown University’s Watson Institute for International and Public Affairs, Brown University president Christina Paxson doubled down on the prestigious university’s prior rejection of divestment and quashed any suggestion that she’d renew divestment efforts in the future. “Nope. Nope. We rejected that,” Paxson rebutted flatly when asked about Brown’s consideration …

February 11, 2019

If at first you don’t succeed, try again. That appears to be the thought behind a “new” report by the Institute for Energy Economics and Financial Analysis (IEEFA) that once again uses misleading claims to support fossil fuel divestment. The group (that just happens to be heavily funded by the pro-divestment Rockefeller Brothers Fund), has …

January 31, 2019

Environmental activist Bill McKibben recently took to the pages of The Guardian to boast about Middlebury College’s pledge to “divest” from fossil fuels, claiming it a change in the divestment tide. As far as we can tell, that tide is still waiting to come in. As both a professor at Middlebury and the leader of …

January 30, 2019

As temperatures drop below freezing across the country this week, Vermont’s Middlebury College released its Energy2028 plan, “a 10-year commitment that will put the institution on a path toward a complete shift to renewable energy to power and heat its central campus.” The commitment lays out a number of ways the college plans to transition …

January 11, 2019

The Institute for Pension Fund Integrity (IPFI) released a white paper this week, repudiating the divestment movement and reiterating the organization’s hardline stance against investment strategies fueled by political trends. IPFI’s decision to release the paper follows the New York City comptroller’s Request for Proposals in support of the city’s intended divestment strategy for three …

January 9, 2019

Late last month, Barron’s ran an opinion piece that lays out the futility of divestment from fossil fuel given the critical role of industry in developing and investing in proactive climate solutions —a fact often ignored by those who push empty gesture divestment. The authors of the piece, Thomas H. Stoner Jr. and David Schimel, …

December 20, 2018

Leader of the divestment effort Bill McKibben took to The Guardian this weekend to discuss how divestment is impacting fossil fuel companies directly. The only thing missing from his piece was facts. Here’s a takedown of some of McKibben’s main points: Myth: There have been 1,000 divestment commitments to date and just under $8 trillion …

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