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Blog

May 2, 2016

NYU Divest’s recent letter to the Washington Square News, “Let’s be Fair about Divestment” is unfortunately anything but.  Many of the claims made in the piece have already been disproven by other students, administrators, financial experts, and most importantly, NYU’s own Boards of Trustees. First and foremost the authors downplay the cost of fossil fuel …

May 2, 2016

Activist organizations and their allies seem to have their sights set on politicizing public pension funds by changing the long held definition of fiduciary responsibility. But the Department of Labor (DOL) makes it crystal clear that the fiduciary responsibility of a pension plan rests entirely on economic factors, as stated on their official page: “The primary …

April 27, 2016

After 18 months of careful analysis, commissioned reports, and thorough consultation with divestment advocates, students and faculty, the University of Ottawa’s Board of Governors has officially rejected divestment. In Monday’s press release, the University of Ottawa Board of Governors Chair Robert Giroux states, “We are reducing the carbon footprint of our entire investment portfolio by …

April 26, 2016

In a string of recent defeats to activists’ fossil fuel campaign in California, Stanford has become the latest institution in the state to officially reject divestment. In a University statement issued on Monday, Stanford’s Board of Trustees announced that “Stanford’s endowment will not divest”, following an investigation by the Advisory Panel on Investment Responsibility and …

April 20, 2016

As the end of the academic school year draws to a close, student activist groups across college campuses have been busy…getting arrested, occupying elevators and even stripping naked on rooftops all in the name of fossil fuel divestment. While these stunts have certainly managed to grab a few headlines in recent weeks, the activists’ efforts …

April 18, 2016

On Friday the University of Mary Washington’s Board of Visitors formally requested the UMW Foundation Board revise its investment policy to further limit fossil fuel investments. This request comes weeks after the President’s Council on Sustainability report was released in early March. While this announcement might grab some headlines in the short term, the fine …

April 13, 2016

News of Yale University selling off holdings in three fossil fuel companies generated some media buzz this week, despite the small portion of these holdings compared to the school’s overall portfolio. To be clear, Yale did not announce it was divesting. So just what did it announce? Here are five things you need to know. …

April 7, 2016

The California Public Employees’ Retirement System (CalPERS) is pushing back against lawmakers’ latest calls to further divest the near $300 billion pension.  On March 31, Representatives Ted Lieu (D-CA) and Mark DeSaulnier (D-CA) wrote a letter to CalPERS CEO Anne Stausboll calling for the fund to sell its ExxonMobil holdings. As the nation’s largest public …

April 1, 2016

On Wednesday the University of Toronto’s Presidential Advisory Committee released a 43-page, year-long report, laying out the various environmental and economic challenges posed by selling the School’s fossil fuel shares. The study, Beyond Divestment: Taking Decisive Action on Climate Change, highlights the “strong limitations” of divestment in addressing climate change. In addition to noting that …

March 31, 2016

Recently, Swarthmore’s President and its Chairman of the Board penned an op-ed in response to accusations made by the University’s pro-divestment student group.  In February the Mountain Justice group, alleged that three of the University’s trustees were “severely compromising the integrity of any board decisions on divestment” due to their personal or professional investments in …

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