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Blog

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 …

December 8, 2015

IPAA-commissioned survey quantifies real-world opinions of university donors on issue of divestment Washington, DC – As divestment activists try their best to generate attention for their campaign around the U.N. climate conference in Paris this month, a new survey released this week of large financial donors to colleges and universities in the United States suggests …

December 3, 2015

This week, Bill Gates made headlines with the launch of his Breakthrough Energy Coalition — an initiative that will bring 28 of the world’s largest private companies to actively invest billions of dollars into renewable energy research and development. But rather than taking a moment to applaud Gates’ announcement, divestment activists are busy pushing around …

December 1, 2015

  The fossil fuel divestment gang will be in Paris tomorrow for media events, once again alleging growth of the divestment movement and announcing a “new tally of divestment commitments and total money under management that’s gone fossil free.”  Yet this worn out press gimmick has been thoroughly debunked before, most notably by liberal media …

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