Divestment activists continue to face an uphill battle, even in New York. The latest development comes as New York City Comptroller Scott Stringer just announced a new “carbon footprint” analysis of the city’s five pension funds – a total of more than $170 billion in assets — to decide if any funds can be diverted to …
As the nation’s largest pension fund, the California Public Employees’ Retirement System (CalPERS) is a frequent target of divestment activists and legislators sympathetic their cause. The pension has long maintained an anti-divestment stance and has fended off several efforts by activists pushing the fund to sell its fossil fuel holdings in the past. This week, …
According to a newly released report by the National Association of College and University Business Officers (NABUCO), hundreds of U.S. college endowments suffered financial losses in FY 2016 despite an overall strong performance from both the S&P 500 and the Dow Jones industrial average. The annual report also finds that, despite suffering lower returns, these …
After months of meetings and deliberation, the University of Denver (DU) has officially rejected fossil fuel divestment. According to the DU Board of Trustees: “Regarding divestment, the Board adopted the task force recommendation that divestment in fossil fuel companies, or any other industry, would not be an effective means of mitigating global warming nor would …
Original post (Jan. 22, 8:00 PM): Following Friday’s presidential inauguration, the Divest Student Network and 350.org are organizing several “walkouts” nationwide on Monday, January 23 to “resist and reject the climate denial of the newly inaugurated Trump administration” and to move schools to divest from fossil fuels. Unfortunately, the organizers of the event ignore the …
While misleading tweets from activist groups claim “Oregon State University divests!,” a closer look at the actual announcement reveals no change to the university’s endowment policy, but rather a decision to approve a separate divestment measure that could impact its state funding. In reality, the Oregon University Public Fund – the entity that provides state …
As the University of Denver (DU) nears a decision on fossil-fuel divestment this month, one of Colorado’s top political commentators has urged the college to reject 350.org’s “shallow and misleading” case. Vincent Carroll, a columnist who recently retired as the editorial page editor of The Denver Post, savaged the arguments of divestment activists with 350.org in a Jan. 7 …
As the New Year rolls in, the team at DivestmentFacts.com has taken a look back at the semester and what it meant for the divestment movement. From new rejections to examples of student and faculty support against the issue, here is what the past few months have meant for this campaign. Notre Dame This September, …
The S&P 500 is poised to end 2016 at record highs thanks in large part to the performance of the energy sector. Yes, that same energy sector that activists and protesters claim is weighing down portfolios and responsible for irreversible financial losses. After finishing in last place for two years in a row, S&P Energy …
From Colorado College to the University of Denver, 350.org’s fossil-fuel divestment campaign has had a tough month in the Centennial State. Colorado College’s divestment group has waved the white flag “due to lack of participation,” according to a Dec. 10 story in student newspaper The Catalyst. Faced with multiple rejections from university leaders over the …
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