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Blog

March 23, 2022

A recent Princeton University analysis shows that top U.S. schools continue holding fossil fuel assets despite the divestment movement’s claims that they have been victorious in getting these institutions to divest. The analysis, presented on Monday, March 21st at the Council of the Princeton University Community (CPUC) meeting, is part of the school’s efforts to …

January 26, 2022

Amid vocal calls for divestment, experts and financial leaders continue to affirm that engagement drives change. Endowment decision-makers and asset managers are following this plan for climate action, as their vested interests remain with the energy sector. To continue the cause of finding climate solutions, two cases in point – Harvard President Lawrence Bacow’s non-divestment …

September 30, 2021

Harvard University President Lawrence Bacow has been praised by divestment supporters after releasing a public letter connecting climate change to Harvard’s investment strategy. The trouble is that neither Bacow’s letter, nor his team, ever mentioned divestment. Bacow’s letter shows the need to focus more on solutions than empty gestures, where industry and academia are partners …

September 23, 2021

Earlier today Boston University President Robert Brown made the disappointing announcement by its Board of Trustees to divest from the oil and natural gas industry. This decision is yet another harmful step in the wrong direction in our battle to reduce carbon emissions. Jeff Eshelman, Chief Operating Officer of the Independent Petroleum Association of America, …

September 10, 2021

Yesterday’s announcement from President Bacow provides little new information that wasn’t already disclosed by Harvard’s administration and investment portfolio managers. Harvard announced its net-zero strategy last year, indicating that its investment portfolio would be drastically changing in the near future. Nonetheless, President Bacow’s letter is by no means a divestment commitment. In fact, President Bacow …

July 9, 2021

The executive director of Maine’s largest pension fund questioned the effectiveness of a new state law that requires public held funds to be divested from fossil fuels.  Sandy Matheson leads the Maine Public Employee Retirement System (MainePERS), one of the state’s largest pension programs with $17.6 billion in assets under management and about $1.3 billion …

May 12, 2021

Last week, the Princeton CPUC Resource Committee released a list of four criteria they recommended the Committee on Finance of the Board of Trustee should adopt with respect to divestment. Although the committee recommended that the school “disassociate” its investments from some sectors of the fossil fuel industry, it did not endorse a move towards …

April 7, 2021
February 23, 2021

The energy transition will be an extended process, one that requires the expertise and experience of a wide variety of industries. The companies that already work to power homes, cars, planes, and industry are a critical part of a path forward. However, today’s divestment discussion all too often leaves them out of the conversation. Let’s …

February 22, 2021

An Ad Hoc Committee at the University of Pittsburgh highlighted its commitment to sustainability over divestment last week, releasing a 124-page report on Friday responding to calls from students and activists to divest from oil and natural gas companies. The Ad Hoc Committee, made up of a small group of Board of Trustees’ members, was …

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