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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 …

June 6, 2016

This morning, the Washington, D.C. pension fund announced it is divesting from its “direct investments” in 200 fossil fuel companies. Here’s what you need to know about this decision. Direct investments a mere sliver of overall fossil fuel holdings Direct holdings are only a portion of the Washington D.C. pension investment portfolio; other asset structures …

June 6, 2016

As leading news outlets like the New York Times and Politico recently noted, the fossil fuel divestment campaign is “meeting some resistance” and “largely rebuffed.” In the face of this reality, divestment activists are being forced to change their tactics and lower their demands. Their approach, dubbed the “Syracuse model,” by an administrator at the …

June 1, 2016

New study quantifies for the first time significant transactional and compliance costs divested schools will be forced to bear – ones that have nothing to do with portfolio performance WASHINGTON, D.C. – Previous studies have definitively shown that divesting one’s portfolio of oil-and-gas related assets weakens investment returns over time, forcing investors to take on more risk as …

May 31, 2016

[Updated 6/30/16] Groups like 350.org have been quick to push out inflated numbers around the size of endowments that have decided to divest from fossil fuels. A breakdown of the numbers, however, highlights just how few schools have actually divested and, more importantly, how many have rejected the symbolic movement. According to a scoreboard put …

May 26, 2016

When the University of Massachusetts announced yesterday its plans to divest its endowment from “direct holdings” in fossil fuels, divestment activist cheered and claimed it as a major victory. Yet, as is often the case, the fine print tells a very different story. Once again, this divestment “victory” is simply another “empty gesture.” Here are …

May 23, 2016

The United Methodist Church voted against divestment last week, choosing to not add a fossil fuels investment screen to the Church’s Board of Pension and Health Benefits. At the 2016 General Conference, a quadrennial gathering of the top policy-making body of the United Methodist Church, delegates of the Church’s Board of Pension and Health Benefits, …

May 3, 2016

It may be finals season on college campuses, but no one should be more stressed out than fossil fuel divestment activists as rejections abound and the campaigns fail harder than ever.  In the same week that Stanford announced it would not drop fossil fuels, new comments from Columbia’s Advisory Committee on Socially Responsible Investing (ACSRI) …

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