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Blog

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 …

May 1, 2017

New study quantifies for the first time the true costs divestment imposes directly upon students, faculty and retirees Read Prof. Bessembinder’s op-ed on the report in Fox News  Numerous reports conclude that fossil fuel divestment is a costly and ineffective endeavor for universities and pension funds to undertake, but little research has calculated how this …

April 28, 2017

Kenyon College trustees just announced that the school will not divest its endowment of fossil fuels, instead putting priority on endowment returns. According to the Kenyon Collegian, trustees said divestment would not have an impact on the environment and they did not see divestment as a way to effect change. The decision comes after a …

April 26, 2017

UPDATE (4/28/17, 10:00 am EST):  Turns out we were right. Environmentalists seemed to run with the news that Harvard was “pausing” investments in fossil fuels.  Bill McKibben said Harvard had “de facto divested from fossil fuels” calling it a “huge win.”  His group 350.org went as far as to issue a press release about the …