Fossil fuel divestment

National Catholic Reporter divests from fossil fuels

Retrieved on:

Friday, July 2, 2021

Finance, Money, Economy, Investment, NCR Corporation, Roewe, Divestment, Fossil fuel, Fossil fuel divestment

KANSAS CITY, Mo., July 2, 2021 /PRNewswire/ -- The National Catholic Reporter Publishing Company has joined the growing group of Catholic organizations that have divested from fossil fuel companies.

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KANSAS CITY, Mo., July 2, 2021 /PRNewswire/ -- The National Catholic Reporter Publishing Company has joined the growing group of Catholic organizations that have divested from fossil fuel companies.
NCR board chair Jim Purcell announced that NCR has selected Catholic Investment Services (CIS) to manage the company's $12.7 million endowment as of July 1, 2021.
The National Catholic Reporter Publishing Company has divested from fossil fuel companies.
As NCR's environment correspondent Brian Roewe reported May 19, 2021: "Catholic institutions are among the most numerous in the divestment movement, which overall so far has moved an estimated $14.5 trillion away from fossil fuels.

IEN Report: ESG Investing Performs “as Well or Better” Than Traditional Approaches at Early-Adopter U.S. College, University Endowments

Retrieved on:

Wednesday, February 19, 2020

Is environmental, social and governance (ESG) investing a good or bad thing for the bottom lines of U.S. college and university endowments?

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Is environmental, social and governance (ESG) investing a good or bad thing for the bottom lines of U.S. college and university endowments?
The IEN report also reviews overall research about ESG investing performance.
As the report notes: For many endowments, stakeholder calls for fossil fuel divestment have been a driving motivation for exploring sustainable investing strategies.
IEN has more than 165 network members including endowments, asset managers, investment consultants, nonprofit partners and individuals.

Students call on post-secondary institutions to commit to fossil fuel divestment

Retrieved on:

Wednesday, September 25, 2019

Economy, Articles, Investment, Climate change, Ethical investment, Fossil fuel divestment, Sustainable energy, Disinvestment, Fossil fuel, Divestment

This includes divesting from fossil fuel companies, which directly contribute to the climate crisis, said Kayla Weiler, National Representative of the Canadian Federation of Students Ontario.

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This includes divesting from fossil fuel companies, which directly contribute to the climate crisis, said Kayla Weiler, National Representative of the Canadian Federation of Students Ontario.
Post-secondary institutions across Canada heavily invest in the fossil fuel industry and other corporations that engage in a range of harmful environmental practices.
Fossil fuel divestment campaigns were created on college and university campuses by students calling on their institutions to replace endowment fund investments in the fossil fuel industry with investments in renewable energy alternatives and promotion of green jobs.
Students are not interested in seeing their tuition dollars used to invest in the fossil fuel industry, said Weiler.

New report proves divestment pays

Retrieved on:

Wednesday, September 25, 2019

Economy, Investment, Articles, Corporate finance, Divestment, Outsourcing, Fossil fuel, Fossil fuel divestment

Vancouver, BC, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Genus Capital today released its 2019 Divestment Report on its six-year fossil free investment data, which shows that divesting from fossil fuels has had a positive effect on returns.

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Vancouver, BC, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Genus Capital today released its 2019 Divestment Report on its six-year fossil free investment data, which shows that divesting from fossil fuels has had a positive effect on returns.
"The data from our Fossil Free funds has been consistent with each year, but what has changed is Canadian investors attitudes towards divestment, said Genus' Partner & Director, Sustainable Investments, Mike Thiessen.
The research results allay the fears of investors who are concerned that divestment from fossil fuel stocks will potentially lead to weaker returns versus the overall market.
With more than $1.6 billion in assets under management, Genus' clients include leading environmental organizations, foundations, and individuals across Canada.

On Earth Day, California Insurance Commissioner Ricardo Lara Refuses to Lead on Global Warming; Denies Petition to Require Insurers to Disclose the Fossil Fuel Projects They Insure, Says Consumer Watchdog

Retrieved on:

Tuesday, April 23, 2019

Economy, Finance, Money, Actuarial science, Underwriting, California Insurance Commissioner, Insurance, Fossil fuel divestment

LOS ANGELES, April 23, 2019 /PRNewswire/ --On Earth Day, California Insurance Commissioner Ricardo Lara chose "collaboration" with the insurance industry over urgent climate action.

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LOS ANGELES, April 23, 2019 /PRNewswire/ --On Earth Day, California Insurance Commissioner Ricardo Lara chose "collaboration" with the insurance industry over urgent climate action.
Commissioner Lara rejected a petition from 60 environmental, consumer and social justice groups that sought emergency rules to make insurers disclose the fossil fuel projects they insure.
U.S. insurance companies are lagging behind their European counterparts when it comes to addressing the risks posed by fossil fuels.
No major U.S. insurance company has so far pledged to divest its holdings in fossil fuel companies or restrict underwriting for fossil fuel projects.

Global Fossil Fuel Divestment Movement Reaches $6.24 Trillion in Assets Under Management, 120x Increase From Four Years Ago, Report Says

Retrieved on:

Tuesday, September 11, 2018

Economy, Climate change, Ethical investment, Fossil fuel divestment, Sustainable energy, Investment, Divestment, Fossil fuel, Fuel, DC Divest

Fossil fuel divestment is now a mainstream financial action that is starting to have a material impact on the fossil fuel industry, as illustrated in the fourth "Global Fossil Fuel Divestment and Clean Energy Investment Movement" report by Arabella Advisors.

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Fossil fuel divestment is now a mainstream financial action that is starting to have a material impact on the fossil fuel industry, as illustrated in the fourth "Global Fossil Fuel Divestment and Clean Energy Investment Movement" report by Arabella Advisors.
"The leaders of the American Medical Association pledged to fossil fuel divestment for the organization's assets, but also to help guide all organizations and all health professionals' investments towards divestment.
Another vital new trend is amplifying divestment: Insurance companies are not only divesting their portfolios from fossil fuels, but also enacting policies to stop underwriting fossil fuel projects.
"Today, our movement pledges to increase divested global assets to $10 trillion by 2020.

New Report: Divestment of fossil fuels by New York, Colorado pensions has substantial cost for retirees, taxpayers

Retrieved on:

Wednesday, August 8, 2018

Economy, Finance, Money, Investment, Pension, Personal finance, Social law, Divestment, Fossil fuel divestment, Disinvestment

"New York and Colorado have both come under political pressure to give up pension investments in fossil fuels, but at what cost?

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"New York and Colorado have both come under political pressure to give up pension investments in fossil fuels, but at what cost?
Our research shows that large pension funds stand to lose a substantial amount of value if they decide to adopt a divestment policy," said Prof.
These types of costs leave pensions to make a hard choice: reduce pensioner benefits or increase contributions from taxpayers to the fund."
Accordingly, when adjusted for risk, Colorado's annual cost of divestment could range from $36 million for narrow divestment to $50 million for broad divestment.