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August 9, 2016

Earlier this year, Vermont became a battleground state for the divestment movement when Governor Peter Shumlin (D) called for Vermont State Retirement Systems to mirror the actions of California and divest from fossil fuel energy companies in his annual state-of-the-state address.  He also went on to note that 350.org leader Bill McKibben, a Vermont native …

August 4, 2016

This morning, the University of Denver will hold its second forum as part of its ongoing series looking at fossil fuel divestment. As laid out on their agenda, the months long process will allow for a number of voices to be heard. Later today, DU will hear from 350.org, the national organization leading the divestment …

July 19, 2016

On Tuesday, Vermont Governor Peter Shumlin signed an Executive Order giving preferential treatment to companies that are “fighting climate change.” More specifically, the order states that “favorable consideration” will be given to companies that promote clean energy practices such as offering employees an option for a fossil fuel divested retirement account.  While at first glance …

July 5, 2016

A recent column in the Daily Kos attempts to undermine the work done to expose the real costs and (often very limited) divestment decisions recently made by universities. Unfortunately, the writer misses some key facts – much like the divestment movement itself. Myth: The column notes that “the fossil fuel industry seems to be taking …

July 5, 2016

Following on the heels of major divestment rejections from NYU and Cambridge last month, the University of Utah’s Board of Trustees recently announced that it will not get rid of the school’s fossil fuel investments. Despite pressure from student activists and a resolution from the Academic Senate calling on the school to divest its $715 …

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 …

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 …

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 …

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 …

June 8, 2016

  First-of-its-kind survey asks and answers critical but previously unexplored question: What do actual pensioners think of divestment? Coming on the heels of news this week that the District of Columbia Retirement Board intends to divest its direct financial holdings in hydrocarbon-energy producers, while not selling any of its larger commingled funds that contain many …

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