While some big-name environmental activists are busy grabbing headlines by endorsing Gov. Shumlin’s call to divest, the media has largely overlooked a key resolution passed by the Vermont Retired State Employees Association, Inc. (VRSEA) that firmly rejects divestment by the state’s pension fund. Last month, the VRSEA passed a resolution supporting Vermont State Treasurer Beth …
With the divestment effort hitting increased resistance on college campuses, activists have apparently shifted their efforts towards state pension funds. In his state-of-the-state address this week, Vermont Gov. Peter Shumlin called on the Vermont State Retirement Systems of Montpelier to divest from coal companies, citing California’s recent law that forced state employee and teacher pension …
In a little noticed December 4, 2015 statement from the University of Michigan Office of the President, Dr. Mark Schlissel explains his reasoning for opposing fossil fuel divestment. The rejection by the University of Michigan is the latest blow for the national divestment campaign, which has suffered several setbacks this fall from New York to …
IPAA-commissioned survey quantifies real-world opinions of university donors on issue of divestment Washington, DC – As divestment activists try their best to generate attention for their campaign around the U.N. climate conference in Paris this month, a new survey released this week of large financial donors to colleges and universities in the United States suggests …
This week, Bill Gates made headlines with the launch of his Breakthrough Energy Coalition — an initiative that will bring 28 of the world’s largest private companies to actively invest billions of dollars into renewable energy research and development. But rather than taking a moment to applaud Gates’ announcement, divestment activists are busy pushing around …
This week, the Georgetown University Student Association (GUSA) senate rejected a student referendum calling for Georgetown to fully divest from fossil fuels. The student representatives recognized that the referendum, sponsored by Georgetown University Fossil Free, lacked an effective and substantive strategy, citing the need to prioritize and address other important issues on campus over divestment. …
Last week, unsatisfied members of Fossil Free Stanford (FFS) began protesting, then sitting, singing and sleeping, in front of the school’s administrative building and refused to cease until the university completely divested from all fossil fuel holdings. The protests didn’t last long, but ended on Saturday in a sit-down with President Hennessy who succinctly laid …
Columbia University’s Advisory Committee on Socially Responsible Investing released a new report today, rejecting Columbia Divest for Climate Justice’s proposal to the board of trustees, making Columbia the latest high-profile institution to reject divestment along the likes of MIT, Yale and Harvard. From the committee’s report: “The more the Committee has deliberated over the possibility and …
The Heritage Foundation recently held a discussion on the dangers of divestment featuring Rachelle Peterson, Director of Research Projects at the National Associate of Scholars (NAS), who has published a new in-depth analysis on the fallacies and ineffectiveness of the movement. As DivestmentFacts.com reported last week, the NAS analysis takes an inside look at …
The National Association of Scholars (NAS) recently released an in-depth analysis about divestment, its mission and its overall effectiveness. NAS set out to find the real outcomes of divesting—assessing the impact on the environment, universities and fossil fuel companies. For proponents of the movement, the results are less than flattering. The report itself is very …
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