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Colorado pension fund loses US$2.7 billion by not divesting from fossil fuels

Corporate Knights

Divesting from fossil fuels isn’t just good for the planet. billion in returns over the last 10 years by not divesting from fossil fuels. In 2016, Corporate Knights analysis showed that the New York State Common Retirement Fund lost at least US$5.3 It can be good for financial returns, too.

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2020: Fossil fuels are dead, long live the sun

GreenBiz

For years, seven of the top 10 companies on the Dow Jones Index were oil companies until 2016 when most fell out of the top 10, leaving only Exxon. This helps explain why more than $11 trillion have been divested from fossil ownership, even before the University of California announced that it was divesting its $80 billion portfolio.

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CalSTRS Builds on its Net Zero Commitment

Chris Hall

Prior to unveiling its net zero commitment last September, CalSTRS started investing in a low-carbon public equities index in 2016. “CalSTRS is taking bold measures to mitigate the risk climate change poses to our fund, while prioritising our plan to reach full funding by 2046 and fulfilling our promise to California’s teachers.” .

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Take Five: The Heat is on

Chris Hall

The heat is on – On the hottest day on record , the World Meteorological Organization officially confirmed the return of El Niño, the climate pattern responsible for the warmest year on record in 2016, and the extreme weather conditions across large parts of the Global South. This raises the prospect of 1.5°C

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UK AOs Probe Misalignment After Failed Fossil Fuel Votes

Chris Hall

Research will span the introduction of the Paris Agreement in 2016 to the conclusion of the 2023 proxy season, with the aim of comparing the voting patterns of asset owners and managers. According to Hoepner, the research will examine investor stewardship at all oil and gas companies tracked by the Transition Pathway Initiative (TPI).

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ILO: Forced Labour Lines Private Sector Pockets

Chris Hall

million more than in 2016. million in 2016. Divestment has typically been used as a last resort by investors, as remaining invested in green energy is often critical to them. “By An NBIM spokesperson stressed the importance of engagement, as opposed to divestment on the issue. “We The research highlighted that 27.6

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Forced Labour Lines Private Sector Pockets

Chris Hall

million more than in 2016. million in 2016. Divestment has typically been used as a last resort by investors, as remaining invested in green energy is often critical to them. “By An NBIM spokesperson stressed the importance of engagement, as opposed to divestment on the issue. “We The research highlighted that 27.6