GOP Pushes to Outlaw Divestment

Once again, we see those who love to rhapsodize about the purity of the free markets working to disrupt and distort the free market with subsidies. Donald Shaw of The Lever reports on political initiatives to make divestment of fossil fuel companies illegal. Republican state and federal lawmakers, their campaign coffers filled with fossil fuel…

Maine $17B Pension Fund Directed To Divest From Fossil Fuels

In a U.S. first, the state of Maine has passed legislation – bill LD99 – directing the $17 billion Maine Public Employee Retirement System (PERS) to divest $1.3 billion from fossil fuels within 5 years and directs the Treasury to do the same with other state funds. The move makes Maine the first U.S. state…

The Powerful New Financial Argument for Fossil-Fuel Divestment | The New Yorker

In a few months, a small British financial think tank will mark the tenth anniversary of the publication of a landmark research report that helped launch the global fossil-fuel-divestment movement. As that celebration takes place, another seminal report—this one obtained under the Freedom of Information Act from the world’s largest investment house—closes the loop on one…

Agenda – NYC Announces $4 Billion Fossil-Fuel Divestment

New York City officials this week announced plans to divest nearly $4 billion in pension funds from fossil-fuel companies. Mayor Bill de Blasio and Comptroller Scott Stringer said two of the city’s five pension funds — the New York City Employees’ Retirement System and the New York City Teachers’ Retirement System — voted to approve…