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Blog

August 12, 2020
July 29, 2020
July 28, 2020

New York State Comptroller Tom DiNapoli, ran an opinion piece in the Albany Union Times recently, defending the State’s pension fund investment strategy and why “solely divestment” is not an option. DiNapoli has been under siege by “divest now” proponents and climate activists who demand that the Comptroller immediately liquidate all fossil fuel-related investments, without …

July 24, 2020

Over the course of the years-long campaign, supporters of the divestment movement have changed their story several times about why it’s the preferable policy. From stigmatization of the industry, to siphoning capital from fossil fuel companies, to producing higher returns, it seems proponents put forward different reasoning depending on audience or whims of the stock …

July 16, 2020

Early this week, New York state Comptroller, Thomas P. DiNapoli, wrote about his “fiduciary responsibility” when it comes to managing New Yorkers’ pension funds, highlighting divestment’s rushed and negligent approach. In fact, DiNapoli spelled out why divestment is just not functional: “investment decisions must not be based on slogans or political agendas”. Contrast that with …

July 13, 2020
July 6, 2020
July 2, 2020

The U.S. Conference of Mayors adopted a rushed pro-divestment, not-binding resolution on June 30, put forward by a coalition led by New York City Mayor Bill de Blasio. The network, who intended to meet this summer for its 88th annual meeting, convenes more than 1,400 mayors and deems itself to be bipartisan. However, due to …

June 30, 2020

On Friday, George Washington University’s Board of Trustees announced, in an unscheduled meeting, that they had voted in favor of halting all future fossil fuel investments and divesting all assets from coal, natural gas and oil extractive companies over the next five years. After years of resisting efforts to divest—the school rejected divestment in 2016—it …

June 26, 2020