Newsmakers
Bill Calls for Oregon to Divest From Fossil Fuels
State treasurer Tobias Read says the proposed legislation would lead to lower returns and higher employer contribution rates.
Tag: fossil fuel
Newsmakers
Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.
Newsmakers
Kentucky Treasurer Targets 11 Firms for ‘Energy Company Boycotts’
BlackRock, Citigroup and JPMorgan Chase have all been threatened with state divestment due to alleged fossil-fuel bias.
Newsmakers
ESG Head Leaves Texas Teachers’ Pension
The Teacher Retirement System of Texas is required by law to boycott companies that divest fossil fuels.
Maine Becomes First State to Pass Fossil Fuel Divestment Bill
The state pension fund has more than $1 billion invested in companies such as Chevron, Exxon, and ConocoPhillips.
Asset Management Culture
Utah Endowment Considers Realignment Toward Sustainability
University’s Academic Senate approves recommendations to shift portfolio to ‘positive sustainability investments.’
Asset Allocation
University of Michigan Pledges to Become Net-Zero by 2050
The $12.5 billion endowment’s portfolio will immediately shift to sustainable assets and shun fossil fuels.
Tufts University to End Direct Investments into Coal and Tar Sands
The school will also invest up to $25 million with climate impact funds.
Asset Allocation
Two NYC Pension Funds Divesting $4 Billion from Oil Companies
The move from the largest funds under the $239.8 billion New York City Retirement Systems follows a commitment made in 2018.
Asset Allocation
Nearly 50 Religious Institutions Divest From Fossil Fuels
A group of mostly Catholic organizations follows Pope Francis’ call for decarbonization of economies.
Asset Management Culture
Australia’s IFM Investors Targets Net Zero Goal by 2050
The $114.6 billion fund joins a growing list of pensions and endowments aligning with the Paris Agreement target.
Asset Allocation
University of California Now Fossil Fuel Free, Cornell Votes to Halt Carbon Investments
Downturn in traditional energy sector helps spur universities’ shift to clean energy projects.
Asset Management Culture
Oxford University Bans Fossil Fuel Investments
The endowment’s allocation to the energy sector has already been significantly reduced to 2.6% of its portfolio.
Alternatives
Swedish Pension AP1 Divests From Fossil Fuels
$35.8 billion fund says investing in coal, oil, natural gas companies is too risky.
Asset Allocation
Anti-Fossil Fuel Protests Hit Australia Pension’s Doorstep
Members of Australia’s UniSuper Fund protest against the fund’s fossil fuel investments.