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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 …

September 18, 2015

Following the UC Board of Regents’ decision to conditionally sell a portion of its coal and oil-sands related investments, Chief Investment Officer Jagdeep Bachher was quick to clarify for the third time in less than two weeks that the move was not an act of divestment. According to Bachher in the Santa Barbara Independent, “Climate …

September 16, 2015

So much for the “huge win” divestment activist declared just last week in California. During the University of California Regents Committee on Investments meeting on September 16, UC board members took time to reiterate the university’s stance opposing fossil fuel divestment. As Divestment Facts noted earlier this week, the UC Regents Board has been taking …

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 …