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Blog

July 27, 2017

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 …

July 24, 2017

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 …

July 24, 2017

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 …

July 21, 2017

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 …

July 13, 2017

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 …

June 28, 2017

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 …

June 21, 2017

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 …

June 21, 2017

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 …

June 8, 2017

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 …

June 7, 2017

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. …