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Blog

April 28, 2019

On Tuesday, April 30 the New York State Senate Standing Committee on Finance will hold a public hearing to discuss the issue of divesting the New York State Common Retirement Fund from fossil fuels as outlined in recently proposed state Senate Bill S.2126. The hearing for the bill comes amid calls from select New York …

April 25, 2019

This week marks Heat Week at Harvard, a series of events dedicated to promoting divestment on campus. Yet much to the dismay of activists, the school continues to choose active solutions over empty gestures. From the mouths of Presidents current and past, spokespersons and editorial boards, divestment has been firmly rejected. First up on the …

April 23, 2019

350.org is (unsurprisingly) attempting to make news around the City of Denver’s “divestment” from fossil fuels. In reality, this decision is as empty as it is misguided. First off, the city’s own Chief Sustainability Officer states, “We never held stock in coal, oil or gas companies, and our Mayor has no control over the employee …

April 2, 2019

Last month, after more than a year of deliberation, Norway’s Finance Ministry recommended that the largest publicly held investment in the world take a partial-step in selling select oil and gas stocks from its trillion-dollar wealth fund. In a statement, Minister of Finance Siv Jensen clarified the decision’s purpose as diversification, rather than the denouncement of fossil …

March 7, 2019

In 2017, headlines swirled over Norway’s trillion-dollar sovereign wealth fund and the proposed idea to sell off its oil and natural gas holdings. Now, nearly two years since the initial proposal was made, the Norwegian Finance Ministry is slated to make a final decision on the matter this Friday. Ahead of this anticipated announcement, here’s …

February 27, 2019

As divestment campaigners gather in Albany today to show support for State Senator Kruger and Assemblyman Ortiz’s divestment legislation, they’d do well to consider the words of an important detractor— the head of the pension fund, New York State Comptroller Thomas DiNapoli. For starters, DiNapoli is actually in charge of investment decisions for the New …

February 13, 2019

At a recent climate conference at Brown University’s Watson Institute for International and Public Affairs, Brown University president Christina Paxson doubled down on the prestigious university’s prior rejection of divestment and quashed any suggestion that she’d renew divestment efforts in the future. “Nope. Nope. We rejected that,” Paxson rebutted flatly when asked about Brown’s consideration …

February 11, 2019

If at first you don’t succeed, try again. That appears to be the thought behind a “new” report by the Institute for Energy Economics and Financial Analysis (IEEFA) that once again uses misleading claims to support fossil fuel divestment. The group (that just happens to be heavily funded by the pro-divestment Rockefeller Brothers Fund), has …

January 31, 2019

Environmental activist Bill McKibben recently took to the pages of The Guardian to boast about Middlebury College’s pledge to “divest” from fossil fuels, claiming it a change in the divestment tide. As far as we can tell, that tide is still waiting to come in. As both a professor at Middlebury and the leader of …

January 30, 2019

As temperatures drop below freezing across the country this week, Vermont’s Middlebury College released its Energy2028 plan, “a 10-year commitment that will put the institution on a path toward a complete shift to renewable energy to power and heat its central campus.” The commitment lays out a number of ways the college plans to transition …