News & Actions

New York State fossil fuel divestment bill

New York State Fossil Fuel Divestment Bill

By Sandy Emerson | May 10, 2017

New York State Senator Liz Krueger has introduced a bill that would require immediate divestment of New York’s $170 billion state pension fund from coal, and divestment from oil and gas by 2022.

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May 4th in Oakland: “Move Your Money”

By Sandy Emerson | May 3, 2017

Ready to break up with your bank over DAPL, prisons, fossil fuels? Learn what you need to do to move your checking, savings, & credit cards to financial institutions that reflect your values.

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danish pension fund divests

Danish Pension Fund Divests, Citing Stranded Assets

By Stephen Asztalos | April 28, 2017

Managers of the 4th largest Danish pension fund have partially divested from fossil fuels, citing concerns about stranded assets.

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Harvard students call for fossil fuel divestment

Columbia University Divests; Harvard “Pauses”

By Ann Marie Riley | April 27, 2017

Columbia University’s Trustees voted in mid-March to divest from thermal coal production and to join the Carbon Disclosure Project’s Climate Change Program. Meanwhile, Harvard took a significant step toward fossil fuel divestment by saying it will “pause” new investments in fossil fuels.

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SB 560 Passed by Key CA Senate Committee

By Sandy Emerson | April 24, 2017

After weeks of negotiations, FFCA’s bill (SB 560) defining “financial climate risk”, was passed on its second hearing by the CA Senate PER Committee. The bill’s authors are now seeking co-sponsors as the bill moves toward the Appropriations Committee.

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Lining up for public comment at CalPERS

Divestment, Financial Climate Risk Reporting On Trial in Sacramento

By Sandy Emerson | April 17, 2017

Divestment and the need to report investments’ financial climate risks are on trial this week (April 17-24) in Sacramento. CalPERS votes Monday April 17 on their investment policy; and considers SB 560 (requires reporting of financial climate risk) on Wednesday the 19th. The State Senate PER committee reviews SB 560 on April 24.

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Divestment vs Engagement: One Just Doesn’t Work

By Emily Laskin | April 14, 2017

In the fight to keep oil in the ground, pension funds, banks, and other organizations managing large sums are coming under pressure to keep their money away from fossil fuel corporations. But while activists call for divestment from fossil fuel companies, the pension funds and banks seem to favor “engagement” with problematic companies while remaining invested. The…

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Ask California to Investigate Exxon

By Sandy Emerson | April 12, 2017

For many months, the attorneys general of New York and Massachusetts have been investigating Exxon’s decades of deception — misleading shareholders and the public about what the company’s own scientists knew about threats posed by climate change. Climate activists have launched a national campaign to urge California Attorney General Xavier Becerra to join them, and…

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KXL Pipeline

The Keystone XL Pipeline and the Future of Tar Sands Oil

By Stephen Asztalos | April 2, 2017

What is the future of tar sands oil now that Trump has given the go-ahead to the long-delayed Keystone XL (KXL) pipeline? The answer has enormous implications for the environment.

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University of California Divests Another $150 Million Fossil Fuels

University of California Divests Another $150 Million from Fossil Fuels

By Ann Marie Riley | March 28, 2017

On March 15, the University of California divested another $150 million from fossil fuels. Regent Richard Sherman and Chief Investment Officer (CIO) Jagdeep Bachher announced this new step in the fight against climate change, adding to the $200 million UC divested in direct investments from coal and oil sands companies in September, 2015.

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