5529698153ab13dd4efff65c_IPAA.png

Blog

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 …

March 30, 2016

Divestment activists at prominent Canadian universities faced a string of defeats this week after the University of Toronto and McGill University administrations both officially rejected divestment proposals on the basis of economic and environmental pragmatism. These two top-tier universities are the latest in the country to follow reject divestment, following on the heels of the …

March 28, 2016

  Proposals have been introduced in the New York State legislature to force New York’s public pension fund managers to divest all of New York’s fossil fuel assets by 2020 and all coal holdings within one year.  Unfortunately for New York state retirees, these proposals ignore the financial reality of divesting. As New York State …

March 23, 2016

The Rockefeller Family is back in the news, claiming that the Rockefeller Family Fund will divest from fossil fuels as quickly as possible, and that it will “eliminate holdings” of Exxon Mobil and its coal and Canadian oil sands holdings. Yet while many in the press have caught on to the fact that these “divestitures” …

March 22, 2016

After long deliberation and careful analysis from legislators, economists and pension fund stakeholders, the Vermont Senate Government Operations Committee decided to not hold a vote to force the state retirement funds to divest from fossil energy holdings. Likewise, the House also backed away from enforcing state mandated divestment last month. Instead, at the urging of …

March 10, 2016

On Thursday, March 3rd officials from George Washington University (GW) informed Fossil Free GW that they will not be recommending divestment to the Board of Trustees. Anne McCorvey, GW’s Executive Vice President and Treasurer, noted that divestment is not part of GW’s investment strategy, and that the university believes that it is more productive to …

February 24, 2016

Divestment activists pushing endowments and other funds to give up their holdings in fossil fuel companies are using the current oil price as justification that fossil fuel stocks are a bad investment. But a quick look at the facts tells a much different story. In reality, oil prices, like all other commodities, are cyclical and …

1 16 17 18 19 20 23