BP Chief Bob Dudley can be added to the growing list of voices speaking out against ineffective, costly divestment campaigns. At a conference this week in London, the energy chief highlighted how divestment is a false solution put forward by individuals that “want to drive a wedge between the energy industry and investors – between …
Activists failed to capitalize on the global attention of the United Nations general assembly and global Climate Week in New York last week, with efforts to re-energize the debate over fossil fuel investments in the region falling flat. You may think it’s surprising since activists and New York City leaders would have you believe the …
Despite a lengthy debunk of their false claims, the folks at the Institute for Energy Economics and Financial Analysis (IEEFA) are once again spreading misleading claims and misinterpreting economic research in an attempt to paint divestment as a viable choice for pension managers. This time around a new piece posted by IEEFA’s Executive Director, Tom …
The new Arabella Advisors divestment report is out, and unsurprisingly they claim yet another trillion dollars has been divested since their last report was released in 2016. We already previewed the announcement here. But now that the new number is official, here is what you need to know about this divestment stunt. Claim: “Today, nearly …
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 …
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 …
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 …
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 …
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 …
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 …
All quotes featured by professors and school leaders on this website are public statements made by individuals and are not necessarily representative of the institution of which they are associated. Said schools and universities are also not affiliated with IPAA or DivestmentFacts.com.