Asset Allocation
Norway’s Pension Fund Divests from Upstream Energy Companies
The Scandinavian country is the latest entity to run scared from oil-dependent firms.
Tag: fossil fuels
Risk
University of California Endowment, Pension to Divest All Fossil Fuels
CIO and investments chairman say faculty, student protests did not push the decision.
Risk
Norway Approves Sovereign Wealth Fund Fossil Fuel Divestment
World’s largest pension fund will dump $13 billion worth of oil, gas, and coal investments.
Risk
Pittsburgh Mayor Asks Pension to Divest Guns, Fossil Fuels, Private Prisons
'These are areas that our financial means should not perpetuate,’ says Bill Peduto.
Newsmakers
Al Gore Calls on Harvard to Divest from Fossil Fuels
Former US vice president says alma mater’s investments a ‘moral issue.’
UK MPs Call for Parliament’s Pension Fund to Divest Fossil Fuels
Lawmakers demand fund dumps BP, Royal Dutch Shell holdings.
NY Pension’s Fossil Fuel Divestment Efforts Facing Stalwart Opposition
Opponents of the bill cite New York’s potential influence on the rest of the country.
Newsmakers
Harvard Activists Call for Fossil Fuel Divestment
Students, faculty, and alumni mark Earth Day by kicking off ‘Heat Week.’
Newsmakers
CalPERS Supports Carbon Pricing
The largest US pension plan wants heavy carbon emitters to pay as part of a plan to combat climate change.
Newsmakers
San Francisco Employees’ Retirement System Becomes Major ESG Force
In the span of a year, the system has become one of the largest players among US pension systems.
Exclusive: San Francisco Pension System Approves Divestment of Five Fossil Fuel Companies
Stock of Hess Corp. will be divested along with other energy companies if they don’t justify oil and gas reserves and stop denying climate change.
UK Investors Expect Pensions to Avoid Fossil Fuels
Survey finds investors willing to leave funds that invest in fossil fuel projects.
Newsmakers
Church of England Votes to Divest from Fossil Fuels
Oil, gas companies have until 2023 to comply with Paris Agreement goals before the church will pull all holdings.
Risk
Swarthmore Endowment Will Not Divest from Fossil Fuels
Board of managers upholds 1991 policy to seek financial results, not social objectives.
$26 Trillion Institutional Group Pushes Paris Agreement Adoption Ahead of G7 Summit
Alliance concerned about agreement’s goals ‘falling short.’