Lined with empty pockets, nine UK universities used the “Syracuse model” to divest a whopping total of zero dollars this month. As the Times Higher Education reports, Canterbury Christ Church University, University of Chester, University for the Creative Arts, University of Cumbria, Newman University, Wrexham Glyndwr University, York St John University, Writtle University College and …
The San Francisco Employees’ Retirement System (SFERS) is set to vote on a divestment proposal during its upcoming Wednesday meeting – a proposal that research has shown could cost the fund $201 billion over 50 years. Ultimately, the Retirement Board will make the final decision about whether or not to divest from the Carbon 200 …
On August 3, Hampshire College President Jonathan Lash and Trustee Dick Hurd published an op-ed in the Huffington Post declaring the decision to divest college funds from energy markets to be both a financial and moral triumph. The pronouncement came five years after Hampshire formally enacted its divestment policy. But a closer look at the …
Johns Hopkins University (JHU) is expected to make a recommendation on divestment by September 5, just as students are arriving back on campus. According to campus divest group Refuel Our Future, the University’s Public Interest Investment Advisory Committee (PIIAC) will be providing a response to their divestment proposal and sending its recommendation to the full …
Fresh off the heels of the Seattle pension fund’s rejection of fossil fuel divestment, it is time for the San Francisco Employees’ Retirement System to vote on the unpopular policy. The importance of this vote cannot be overstated; it has the potential to impact pensioners for decades to come. In fact, according to a study …
A new OpEd in the San Francisco Examiner highlights the immense costs of divestment from fossil fuels. The OpEd, co-signed by economists Christopher Fiore and Todd Kendall of Compass Lexecon, highlights that divestment is costly not matter how you slice it. As previous research conducted by Compass Lexecon, academics, think tanks, and others supports, divestment imposes lofty new …
Stakeholders from all over the west coast are increasingly outspoken against calls to divest state and city pension funds from fossil fuels. Their primary concern is that a divestment policy will inevitably decrease the fund’s returns, which could impact payouts. Many have also taken issue with the fact that a divestment policy would take away …
UPDATE (7/13/17, 5:30 pm EST): This afternoon the Seattle City Employees’ Retirement System (SCERS) voted to reject divestment once again. Even though fossil free activists took to Twitter to express their shock the fund’s reasoning was simple; it is their job to look after the best interests on the pensioners not environmental activists. In SCERS own …
The London Pension Fund Authority’s (LPFA) “divestment” is anything but… and activists are starting to catch on. Like so many other universities and public pensions, the LPFA decided a partial divestment was the best way to appease activists while simultaneously retaining the fossil fuel investments that are key to maximizing the fund’s returns. As noted …
Citing concerns about cost and ineffectiveness, Pennsylvanians across the state have been actively pushing back on fossil fuel divestment. Just this week, University of Pennsylvania’s trustees reaffirmed their 2016 rejection of fossil duel divestment and Pittsburgh’s newspapers strongly criticized Mayor Bill Peduto’s newfound desire to divest the city’s pension funds. For those who have been …
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