In the wake of the University of Winnipeg’s second rejection of fossil fuel divestment, student activists railed against the administration calling their own Trustees “underhanded” and labeling all other sustainability measures as mere “greenwashing.” The irony is, of course, fossil fuel divestment is an entirely symbolic gesture and most certainly less impactful than the commitments …
Just before the San Francisco Employees Retirement System (SFERS) is set to vote on fossil fuel divestment, a new report now shows that divesting carries with it a steep price tag for pensions. According to reports, SFERS is expected to vote on a limited fossil fuel divestment proposal at their board’s Wednesday meeting. But a …
REPORT I FACT SHEET New report finds fossil fuel divestment would cost the nation’s top 11 pension funds up to $4.9 trillion over the long term A first of its kind study finds public pension funds could lose trillions of dollars if they divested from fossil fuel related investments. The new report, authored by Prof. …
This weekend, the Yale Daily News announced that the University’s Advisory Committee on Investor Responsibility will not recommend divesting from Exxon Mobil. According to the Chairman of the committee, “Exxon does not appear to be engaging in any conduct or activity that would warrant divestment…There doesn’t seem to be any basis for singling them out …
Following the Global Divestment Mobilisation earlier this month, we figured now was as good a time as any to check in with one of biggest backers of the fossil fuel divestment movement, the Rockefeller Brothers Fund (RBF). It’s been three years since the fund’s PR stunt of a divestment announcement, yet aside from some initial …
This week, divestment advocates in New York City gather for a Climate, Jobs and Justice Accountability Forum – an event co-sponsored by 350.org and DivestInvest to bring attention to divestment and two other actual environmental issues in New York, building efficiency and trash disposal. While Mayor DeBlasio backed out of the event last minute, Public Advocate for …
The Montgomery County Council passed a resolution yesterday pushing the county’s employee pension funds to sell stocks in fossil fuel companies with one big caveat: the pension funds can retain these stocks if their sale would hurt the funds’ return on investment. In other words, none of these funds are actually going to divest. The …
Re-posted from Western Wire. Read the original HERE. In a major new weeklong push by anti-fossil fuel groups to pressure universities, financial institutions and organizations to sell off their investments in the fossil fuel industry, only a handful of students in the West participated. Desperate for wins, the student activists resorted to claiming victory for getting …
One week in and 350.org’s Global Divestment Mobilization 2017 has fallen flat. Whether because of dwindling enthusiasm for divestment gatherings or vague and shaky pledges, the media, and people who wish to seriously influence environmental policy, paid little to no attention. So disinterested was the general public in this year’s global divestment mobilization that the …
Following three days of protests on campus, two officials at the University of California Santa Barbara (UC Santa Barbara) decided to “endorse” the efforts of fossil free UCSB and look for ways to engage others on divestment. The announcement does nothing to change the college’s investment policy, nor does it relay any action or future …
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