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May 21, 2019

In a press release that sounded more like it was written by 350.org instead of a U.S. Senator’s office, Oregon Democrat Jeff Merkley announced the introduction of a bill on Capitol Hill that would present fossil fuel divestment as an option to federal workers. Sen. Merkley introduced the bill last year as well, but it …

May 10, 2019

In the past week, investment experts at two of the nation’s largest state pension funds have stated that worldwide divestment campaigns are misguided, financially irresponsible, and ironically, would cause more harm to the environment. These statements aren’t coming from the energy industry or even the business community, but from officials who are responsible for delivering …

May 2, 2019

The New York State Comptroller’s office laid out a multitude of reasons for why they view mandated divestment as a bad idea during a marathon Finance Committee hearing on Tuesday.  Up for debate was SB 2126, a pro-divestment bill sponsored by State Senator Liz Krueger who also chairs the Finance Committee. The bill would require …

April 28, 2019

On Tuesday, April 30 the New York State Senate Standing Committee on Finance will hold a public hearing to discuss the issue of divesting the New York State Common Retirement Fund from fossil fuels as outlined in recently proposed state Senate Bill S.2126. The hearing for the bill comes amid calls from select New York …

April 25, 2019

This week marks Heat Week at Harvard, a series of events dedicated to promoting divestment on campus. Yet much to the dismay of activists, the school continues to choose active solutions over empty gestures. From the mouths of Presidents current and past, spokespersons and editorial boards, divestment has been firmly rejected. First up on the …

April 23, 2019

350.org is (unsurprisingly) attempting to make news around the City of Denver’s “divestment” from fossil fuels. In reality, this decision is as empty as it is misguided. First off, the city’s own Chief Sustainability Officer states, “We never held stock in coal, oil or gas companies, and our Mayor has no control over the employee …

April 2, 2019

Last month, after more than a year of deliberation, Norway’s Finance Ministry recommended that the largest publicly held investment in the world take a partial-step in selling select oil and gas stocks from its trillion-dollar wealth fund. In a statement, Minister of Finance Siv Jensen clarified the decision’s purpose as diversification, rather than the denouncement of fossil …

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 …

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