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March 28, 2016

  Proposals have been introduced in the New York State legislature to force New York’s public pension fund managers to divest all of New York’s fossil fuel assets by 2020 and all coal holdings within one year.  Unfortunately for New York state retirees, these proposals ignore the financial reality of divesting. As New York State …

March 23, 2016

The Rockefeller Family is back in the news, claiming that the Rockefeller Family Fund will divest from fossil fuels as quickly as possible, and that it will “eliminate holdings” of Exxon Mobil and its coal and Canadian oil sands holdings. Yet while many in the press have caught on to the fact that these “divestitures” …

March 22, 2016

After long deliberation and careful analysis from legislators, economists and pension fund stakeholders, the Vermont Senate Government Operations Committee decided to not hold a vote to force the state retirement funds to divest from fossil energy holdings. Likewise, the House also backed away from enforcing state mandated divestment last month. Instead, at the urging of …

March 10, 2016

On Thursday, March 3rd officials from George Washington University (GW) informed Fossil Free GW that they will not be recommending divestment to the Board of Trustees. Anne McCorvey, GW’s Executive Vice President and Treasurer, noted that divestment is not part of GW’s investment strategy, and that the university believes that it is more productive to …

February 24, 2016

Divestment activists pushing endowments and other funds to give up their holdings in fossil fuel companies are using the current oil price as justification that fossil fuel stocks are a bad investment. But a quick look at the facts tells a much different story. In reality, oil prices, like all other commodities, are cyclical and …

February 18, 2016

In recent months, the divestment campaign in New York has faced a string crushing blows as CUNY, Columbia, Cornell, and now Vassar becomes the latest university in the state to openly reject divestment — and not for the first time either. In an in-depth op-ed in the school’s paper, Vassar President Catherine Hill reiterated why …

February 17, 2016

Two bills currently pending in the Hawaii State Legislature, Senate Bill 2155 and House Bill 1511, would, if passed, force the state’s Employees’ Retirement System (ERS) to divest all of its fossil fuel holdings over the next five years. Divestment, especially at this pace, is sure to negatively impact the system’s investment portfolio and the …

February 15, 2016

Today the University of British Columbia became the second leading university this year to reject fossil fuel divestment. Cornell rejected divestment last month. The UBC decision follows a vote by the school’s Finance Committee that recommended the University retain its fossil fuel investments.   The Board of Governors has instead decided to allocate $10 million to a …

February 15, 2016

Vermont’s Gov. Peter Shumlin continues to urge state pensions to divest.  Central to Gov. Shumlin’s argument is a claim he made in an Op-Ed following his State of the State speech which said, in part: “In fact, had Vermont divested from coal assets in September 2012, our state pension funds would have an extra $11.5 …

February 11, 2016

Yesterday, Prof. Brad Cornell sat down with WDEV’s Common Sense Radio in Vermont to talk about Gov. Shumlin’s push for divestment.  Many of Vermont’s pensions have already spoken out against the plan in fairly strong language.  As an economics professor at Caltech, Prof. Cornell explained in plain terms how divesting can hurt a portfolio’s performance …

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