Home Divesting

Keyword: Divesting

12 results found
New York City pension funds divesting $4B from fossil fuels

Two pension funds for New York City workers are pulling an estimated US$4 billion in investments from fossil-fuel companies in order to promote clean-energy use. Mayor Bill De Blasio and Scott Stringer, the city’s comptroller, announced Monday that the boards of the $91.4-billion New York City Employees’ Retirement System and the $77.4-billion New York City […]

Ontario Teachers’ committing to net-zero emissions by 2050

The Ontario Teachers’ Pension Plan is committing to achieving net-zero greenhouse gas emissions by 2050. The commitment includes the establishment of concrete targets for portfolio emissions as well as increased investments in climate solutions, according to a press release, which noted the Ontario Teachers’ will also ensure portfolio companies manage and report their emissions annually. […]

  • By: Staff
  • January 22, 2021 April 14, 2021
  • 15:00
Ontario Teachers’ facing pressure to divest from fossil fuels

An environmental coalition is appealing to Ontario teachers to pressure their pension fund to divest from companies that develop or transport fossil fuel products. In a four-minute YouTube video, a group of students from across Ontario read a letter to their teachers, asking them to push the Ontario Teachers’ Pension Plan to stop investing their […]

Acknowledging that the multi-faceted causes and consequences of climate change call for different methods, Quebec-based pension fund Bâtirente is publishing a new climate commitment. “Effectively supporting the transition to an economy that is aligned with the objectives of the Paris [Agreement] requires a multi-dimensional approach,” said Daniel Simard, the pension fund’s chief executive officer, in […]

  • By: Staff
  • September 10, 2020 November 17, 2020
  • 09:00

Globally, many pension funds are divesting from carbon and fossil fuels, while others are staying the course and focusing on financial value and their fiduciary duties Simon Archer, partner at Goldblatt Partners LLP and co-director of Osgoode Hall Law School’s Centre for Comparative Research in Law and Political Economy: Political posturing aside, no one seriously […]

NYC hiring advisors to create divestment plans for its pension funds

New York City is taking major steps toward divesting from fossil fuels by hiring investment advisors to review three of its pension plans and make recommendations about divestment. Combined, the three plans have more than $155 billion in assets under management, of which about $3 billion is invested in fossil fuel reserve owners’ securities. The […]

  • By: Staff
  • January 31, 2020 November 12, 2020
  • 08:53
Norway’s largest pension fund divesting from Canadian oil sands

Norway’s largest pension fund, Kommunal Landspensjonskasse, is divesting its holdings in five oil sands companies, four of which were Canadian. KLP’s stake in Canadian firms Cenovus Energy Inc., Husky Energy Inc., Imperial Oil Ltd., Suncor Energy Inc. and Russian company Tatneft PAO was a combined US$58 million, with US$33 million in equity and US$25 million in bonds. […]

  • By: Staff
  • October 7, 2019 November 12, 2020
  • 16:45
University of California pension fund to dump fossil fuel investments

The University of California is dumping fossil fuel investments from its nearly $84 billion pension and endowment funds, calling them a financial risk. An opinion article in Tuesday’s Los Angeles Times says the university will make its endowment fund “fossil free” by month’s end and its pension fund, which covers 320,000 people, will soon follow.  Read: Divesting from […]

71337734-123RF

In 2017, New Jersey’s Police and Firemen’s Retirement System took a closer look at its investment in Nike Inc. following an advertising campaign featuring former National Football League player Colin Kaepernick, who had ignited controversy in 2016 by taking a knee during a pre-game national anthem in protest of the police treatment and killings of […]

75875496-123RF

On Nov. 7, 2018, the California State Teachers’ Retirement System (CalSTRS) announced that it will be divesting from two U.S. publicly-held companies that operate private prisons. Then, on Nov. 14, 2018 CalSTRS announced it is part of a coalition representing $4.83 trillion in assets that joined together to promote five principles for a responsible firearms […]