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Blog

September 15, 2015

Divestment activists were quick to declare a “huge win” stemming from an announcement last week by the University of California’s Chief Investment Officer (CIO) that he had decided to sell roughly $200 million in investments tied to coal mining and oil sands development companies. But a closer look at the actual video of the investment …

September 8, 2015

As schools continue to reject calls to divest their endowments of fossil fuels, one common question is often left unanswered: How much does divestment actually cost? In an effort to answer this critical question, a new report released today, commissioned by the Independent Petroleum Association of America (IPAA) and authored by a researcher from Caltech, …

August 26, 2015

The City University of New York (CUNY) Monday joined the chorus of colleges and universities across the country rejecting fossil fuel divestment, including Harvard, Cornell and the University of California. In response to a small rally by CUNY Divest Monday afternoon, college spokesman Mike Arena told POLITICO (sub req’d) that the University was concerned divestment …

August 13, 2015

The New York Times recently published an opinion series on divestment featuring commentary from an array of stakeholders in support of and in opposition to divestment. While those in support offered many of the usual arguments, the two opponents of the policy, including a renowned Harvard professor focused on climate change and a researcher from …

August 6, 2015

A newly released study by Mercer consulting firm attempts to help investors navigate an increasingly carbon-constrained economy in the future. But while the study includes a couple of interesting and overall positive facts on the global economic outlook, we also found a few areas where Mercer applies some curious inputs and assumptions in rendering its …

July 30, 2015

One of the more interesting and under-reported aspects of the so-called divestment “movement,” which lead organizer Bill McKibben has declared is now a “mass movement” and a smashing success, is McKibben’s continued inability to convince the very school at which he teaches to join his effort. Keep in mind: McKibben doesn’t teach at Texas A&M …

July 29, 2015

A new study from the Commonfund Institute and the National Association of College and University Business Officers (NACUBO) has some bad news for the divestment movement: schools have almost no interest in divesting from fossil fuels. The study surveys 200 colleges and universities in the United States to discover their attitudes and policies on a range of “responsible investing” …

July 22, 2015

A special MIT issue committee charged with ensuring the prestigious school remains a leader in the fight to address climate change released a report earlier this summer rejecting blanket fossil fuel divestment, finding divestment to be a “polarizing” and unnecessarily complicated approach to dealing with the issue. The report, “MIT and the Climate Challenge” is …

July 13, 2015

Two longtime and respected reporters with the New York Times recently raised significant concerns over (and outright disapproval of) The Guardian’s fossil fuel divestment campaign, saying it has the potential to undermine the credibility of climate change coverage and hinder efforts to address global warming. Andrew Revkin, author of the Dot Earth blog hosted by …

July 10, 2015

Thursday night’s panel discussion hosted by Columbia University, billed as a high-level discussion on fossil-fuel investments in a carbon-constrained world, included surprisingly little discussion on the topic of fossil fuel divestment, as well as a noticeable lack of students — especially from Columbia. Sitting right there in the audience ourselves, we couldn’t help but leave with …