Posts Tagged ‘risk’
Financial outcomes from divesting from fossil fuels
Screening out fossil fuel stocks has not had a significant impact on returns for global, well-diversified portfolios — in fact over the past 12 years, an index without fossil fuels outperformed its most similar index with fossil fuels, and two separate studies by found that divestment actions taken by funds worldwide have passed the prudence tests required of fiduciaries. An additional academic study spanning decades that included previous oil price spikes found no significant difference in performance between portfolios with and without fossil fuels.
Read moreRally for CalSTRS divestment
On Friday, June 12, the Investment Committee of the California State Teachers’ Retirement System (CalSTRS) meets in West Sacramento. Divestment activists will rally at CalSTRS headquarters to urge that the committee begin…
Read moreWhy coal divestment is important
Our goal at Fossil Free California is to reduce investments in all fossil fuels—coal, oil, and gas—and to publicize their destructive effects. But some institutions, resistant to total divestment, are willing…
Read moreRudolph: Climate change and public health
On Global Divestment Day, 60 climate activists launched the Fossil Free California campaign in front of CalPERS headquarters in Sacramento.Three speakers addressed the need for divestment, Dr. Linda Rudolph, Jane Vosburg, and Russell…
Read moreDoes shareholder engagement work?
This post is by Brett Fleishman, senior analyst at 350.org. Big investors like the California Public Employees’ Retirement Fund (CalPERS) are faced with a difficult choice. They can divest completely…
Read moreWe don't need more fossil fuels
Exploration for new fossil fuel deposits should stop now, because we have already discovered far more than we can safely burn. That means no fracking, no oil rigs in the Arctic, no…
Read moreA call to action for the climate crisis
Russell Kilday-Hicks is a climate activist from San Francisco State University and vice president of the California State Employees Association. This is a letter he sent to fellow CSEA members.…
Read moreNo coal in your stocking
Burning any fossil fuels is bad for the planet. We must stop extracting long-buried carbon from underground and spewing it into the atmosphere, creating a suicidal heat shield. But of…
Read moreDivest for financial security
Public policymakers, when they look carefully at the facts about climate change, usually conclude that it’s essential to divest from fossil fuels. The slide toward climate chaos must be resisted…
Read moreTeacher to CalSTRS: Divest!
Jane Vosburg is a member of CalSTRS who campaigns for divestment with 350 Sonoma County and Educators for Fossil Free Divestment. On November 7, she spoke to the CalSTRS Investment…
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