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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 …

February 11, 2016

Vermont Governor Peter Shumlin (D) is leading the push for state pensions to divest from fossil fuels, but voices across the state—from Vermont’s State Treasurer to state pension fund organizations—are warning that fossil fuel divestment proves to be a money-losing strategy with no climate upside.  In fact, Gov. Shumlin’s proposal could put millions at stake …

February 6, 2016

In his most recent “State of the State” speech, Vermont Governor Peter Shumlin called for the state’s pension funds to divest from coal and certain fossil fuel companies.  It seems he made these proclamations before talking to just about anyone responsible for these pension investments, because they are all now pushing back in a big …

February 2, 2016

Over the past two years California has again found itself at the center of a nation-wide hot button question; whether schools and other institutions should divest from fossil fuels. As our new infographic, Divestment in California: What you need to know, makes clear, the opposition to that effort has been sizeable. Financiers, asset managers, think-tanks …

January 29, 2016

  On Monday, California’s Insurance Commissioner Dave Jones requested that insurance companies in the state divest from thermal coal. Although he has been applauded as “the first state insurance regulator in the United States to call on insurance companies to divest,” Jones’ request is laden with problems. For starters, leading economists, academics and portfolio managers …

January 25, 2016

While some big-name environmental activists are busy grabbing headlines by endorsing Gov. Shumlin’s call to divest, the media has largely overlooked a key resolution passed by the Vermont Retired State Employees Association, Inc. (VRSEA) that firmly rejects divestment by the state’s pension fund. Last month, the VRSEA passed a resolution supporting Vermont State Treasurer Beth …

January 8, 2016

With the divestment effort hitting increased resistance on college campuses, activists have apparently shifted their efforts towards state pension funds. In his state-of-the-state address this week, Vermont Gov. Peter Shumlin called on the Vermont State Retirement Systems of Montpelier to divest from coal companies, citing California’s recent law that forced state employee and teacher pension …

December 14, 2015

In a little noticed December 4, 2015 statement from the University of Michigan Office of the President, Dr. Mark Schlissel explains his reasoning for opposing fossil fuel divestment. The rejection by the University of Michigan is the latest blow for the national divestment campaign, which has suffered several setbacks this fall from New York to …

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