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November 20, 2015

Columbia University’s Advisory Committee on Socially Responsible Investing released a new report today, rejecting Columbia Divest for Climate Justice’s proposal to the board of trustees, making Columbia the latest high-profile institution to reject divestment along the likes of MIT, Yale and Harvard. From the committee’s report: “The more the Committee has deliberated over the possibility and …

November 20, 2015

  The Heritage Foundation recently held a discussion on the dangers of divestment featuring Rachelle Peterson, Director of Research Projects at the National Associate of Scholars (NAS), who has published a new in-depth analysis on the fallacies and ineffectiveness of the movement. As DivestmentFacts.com reported last week, the NAS analysis takes an inside look at …

November 11, 2015

The National Association of Scholars (NAS) recently released an in-depth analysis about divestment, its mission and its overall effectiveness. NAS set out to find the real outcomes of divesting—assessing the impact on the environment, universities and fossil fuel companies.  For proponents of the movement, the results are less than flattering. The report itself is very …

October 22, 2015

After months of discussion and debate, Massachusetts Institute of Technology announced it will not divest its endowment from fossil fuels, echoing previous comments from the university doubting the merits or effectiveness of divestment.  Instead, the school announced a “plan for action on climate change” that places a greater emphasis on engagement and research initiatives. As …

October 12, 2015

Last week, we took a few minutes to outline some of the concerns surrounding the effort out in California to force the state’s two major pension and retirement funds — CalSTRS and CalPERS – to drop certain energy-related stocks from their portfolio, notwithstanding previous statements from each speaking out against divestment. But believe it or not, …

October 9, 2015

This week, California’s Gov. Jerry Brown signed SB 185, a law that in essence forces the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) to divest their extensive portfolios from coal.  “Forces” is the operative word here, as officials from these very funds have spoken out against divestment in …

October 6, 2015

For months, it has been apparent that The Guardian’s fossil fuel divestment campaign is a whole lot of talk with little action. So it came as little surprise today to read on their website that “it is time for a new direction” in their climate campaign. And while the paper does its best to spin …

September 29, 2015

Over the past year, IPAA has commissioned a series of studies that have quantified, really for the first time ever, the actual financial impacts that divestment has on institutions that chose to adopt the policy. The reports focus on different elements of that cost question, but no matter how you break down the numbers and …

September 24, 2015

“[He] smiled and waved but kept mum.” Confronted with questions from a MSNBC reporter at a press conference on Tuesday about his pledge to divest from fossil fuels, Hollywood actor Leonardo DiCaprio “smiled and waved but kept mum.” DiCaprio was the headliner for a rollout of a new report from the pro-divestment group Arabella Advisors. …

September 23, 2015

Divestment activists, aiming to generate headlines around the Pope’s visit to the United States this week, held a press conference yesterday to try to convince reporters that their campaign is gaining momentum. To do this, they brought in eco-activist Leonardo DiCaprio and released a report purporting to show that entities representing $2.6 trillion in assets …