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Blog

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. …

June 5, 2017

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 …

May 25, 2017

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 …

May 17, 2017

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 …

May 17, 2017

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 …

May 12, 2017

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 …

May 11, 2017

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 …

May 9, 2017

This week marks the start of the Global Divestment Mobilization, an effort led by 350.org to promote divestment with events around the globe over the next week. While the effort has received little attention to date, let’s take a look back at where the divestment campaign stands, and why universities across the country have said …