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Blog

September 10, 2018

Don’t be fooled. New numbers set be rolled out today by divestment leader Bill McKibben and fellow divest activists are all hype, no substance.   We have seen this game played before by activists – claims of trillions divested, with facts telling a far different story. Today is a repeat of days before, with the …

September 5, 2018

This week, another expert on the high costs and ineffectiveness of divestment Todd Kendall, an Executive Vice President atf Compass Lexecon, highlights just why divestment is a dangerous proposition for struggling pension funds around the country and the taxpayers who pay into them. This week’s stopover included a sit down with The Capitol Pressroom of …

August 30, 2018

In the Sierra Club’s annual publication of their “Coolest Schools,” the group selects 20 schools it views as the most ecofriendly. Coming in eighth place in this year’s ranking is Seattle University, which the Sierra Club claims is “on track to approve divestment this fall.” Yet a deeper dive into this bold claim finds Seattle …

August 27, 2018

If you wanted to get a sense of how the divestment movement has performed over the past year, look no further than June 2018.  In one day, University of Cambridge, one of the most prestigious colleges in the world, and Swarthmore College, the campus on which the divestment movement began back in 2011, both rejected …

August 24, 2018

At this point, we’re used to activists exaggerating claims when it comes to declaring divestment victories, but in the case of Norway they’ve really outdone themselves. Late last year, headlines swirled about Norway’s sovereign wealth and the proposed idea to sell off its oil and natural gas holdings. As anticipated, activists over-hyped the news to …

August 15, 2018

With the divestment movement suffering a long and embarrassing string of failures on university campuses and in cities and states across the country, financial institutions are now facing increased pressure from activists to divest and take Environmental, Social and Governance (ESG) factors into consideration.  Recently, Bank of the West succumbed to the pressure and announced …

August 8, 2018

Divestment could mean millions in annual shortfalls and billions in missed returns for both New York and Colorado’s state pension funds REPORT | NY FACT SHEET I CO FACT SHEET A new study by Prof. Daniel Fischel of the University of Chicago Law School and co-authors Christopher Fiore and Todd Kendall of economic consulting firm …

July 24, 2018

Public declarations of divestment have become a de facto litmus test for environmental stewardship, according to activists. The divestment movement has targeted universities, museums and nonprofits, some of which have given in to the pressure, most of which have not. But a new op-ed published in the Washington Examiner points out the true hypocrisy of …

July 14, 2018

It’s been clear for a while now that momentum in the divestment movement is not on the side of activists.  Faced with a string of high-profile rejections, a loss of interest on college campuses and a strong resistance from most pension funds, the argument to indiscriminately sell off investments in fossil fuels has not emerged …

July 13, 2018

This week, Ireland’s lower house of parliament approved a bill that calls for the Ireland Strategic Investment Fund (ISIF) to divest of fossil fuels “as soon as practicable.”  While many divestment proponents are heralding this move as a “landmark moment,” here are five things to know about what Ireland did, and more importantly DID NOT …