5529698153ab13dd4efff65c_IPAA.png

Blog

February 4, 2016

Since the writing of the original post, an official ‘launch’ of the Oxbridge joint statement took place in London, where Lord Deben made some very key clarifications about his position on fossil fuel divestment following misreporting by The Independent. As we uncovered in our post, the statements do not call for blanket divestment from fossil …

February 3, 2016

In the lead up to Cambridge University’s divestment ruling expected in May, and with a £5 billion endowment at stake, it comes as no surprise that the pro-divestment camp is attempting to claim a premature win with one of the UK’s most prominent institutions. This week, the self-proclaimed “broad based coalition,” Positive Investment Cambridge (PIC), …

January 27, 2016

Since the fossil fuel movement began in earnest in early 2015, pro-divestment activists have fervently compared their withholding support for fossil fuel stocks to famous boycotts in history – from the Montgomery Bus Boycott during the US civil rights movement to the global boycott of companies with interests in South Africa during Apartheid. Such campaigns …

December 3, 2015

In one of 200 side events taking place at COP21, pro-divestment crusaders 350.org announced on Wednesday that institutions representing $3.4 trillion in assets have “made some form of divestment commitment” to date — 68 times more than was claimed 14 months ago. Journalists around the world swooned at the figure – it made for an …

November 24, 2015

In a recent announcement ahead of the Paris climate talks, the president of the American Petroleum Institute (API), Jack Gerrard, declared that “fossil fuels and environmental progress are not and never have been mutually exclusive.” To a divestment proponent, this would obviously be far from the truth – to them, environmental progress cannot be achieved …

October 29, 2015

On Tuesday (27 Oct), the Prince of Wales addressed a gathering of finance executives in the City of London on the potential financial risks of climate change and echoed the sentiment of Bank of England governor Mark Carney over the future role of fossil fuels in the global economy. Prince Charles is no stranger to …

October 26, 2015

This past week, Cambridge City Council, under pressure from such global (read: not local) organisations as 350.org, announced that it would move toward a “fossil-free future” by passing a motion to end its investments in fossil fuel companies. The council joins a handful of local governments and pension funds that have made similar divestment pledges …

September 24, 2015

Confronted with questions from a MSNBC reporter at a press conference on Tuesday about his pledge to divest from fossil fuels, Hollywood actor Leonardo DiCaprio “smiled and waved but kept mum.” DiCaprio was the headliner for a rollout of a new report from the pro-divestment group Arabella Advisors. The report claims that the “movement to …

August 6, 2015

A newly released study by Mercer consulting firm attempts to help investors navigate an increasingly carbon-constrained economy in the future. But while the study includes a couple of interesting and overall positive facts on the global economic outlook, we also found a few areas where Mercer applies some curious inputs and assumptions in rendering its …

July 2, 2015

Last month, The New York Times published a fairly balanced report taking a closer look at what fossil-fuel divestment proponents are actually trying to accomplish with their campaigns, stipulating at the start that the effort isn’t really about trying to affect the valuations of the companies being targeted. Of course, not all divestment activists concede …