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Greener pensions, greater returns: the case for fossil fuel divestment

Corporate Knights

In this weeks Corporate Knights Drill-Down, we highlight a compelling financial case for divesting from fossil fuels. The findings are clearly shown in the chart above: the additional total returns from divestment were strongly correlated with the proportion of fossil fuel holdings in each funds portfolio. billion in assets.

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Texas Adds NatWest to Divestment List for “Boycotting” Energy Companies

ESG Today

UK-based financial services group NatWest has been added to a list of financial companies published by the Texas Comptroller’s office that may be subject to divestment by the state’s pension funds for “boycotting” oil and gas companies. Texas is the largest net energy supplier in the U.S., Energy Information Administration (EIA).

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Sustainable investments had secretly great year

Corporate Knights

Despite record oil-company profits and a surge in military share prices stemming from instability in the Middle East, most sustainable investments have quietly outperformed in 2023. We saw the benefits in 2023 with huge growth in green jobs in the U.S. Divestment is different from ESG, which is different from impact investing.

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2023 Moskowitz Prize Awarded To Research Measuring Financial Impact of Biodiversity Loss — Plus Honorable Mention Studies

3BL Media

December 20, 2023 /3BL/ - From a field of 99 submitted papers, Biodiversity Risk was selected as the winner of the 2023 Moskowitz Prize at Northwestern University. The authors view divestment as a form of voice, with disinvestment pledges resonating with boards, customers, employees, and stakeholders, especially via social media.

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Supporting Indigenous Self-Determination Through a Spectrum of Capital

3BL Media

We also began a fossil-fuel divestment initiative. We spent the entirety of 2023 fleshing out parameters and qualifiers for each of these categories, and by the end of that year, we made our first commitments under this new Purpose Aligned Capital strategy.

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Orsted - Ørsted completes divestment of 25 % of London Array Offshore Wind Farm

Global Renewable News

Further to the press release issued on 24 July 2023, Ørsted has completed the divestment of 25 % of the London Array Offshore Wind Farm to funds managed by Schroders Greencoat.For fur.

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Canada's pension plan shouldn’t be a cheerleader for Alberta’s oil and gas industry

Corporate Knights

Graham’s speech also included dubious statements about divestment and the pace of transition away from fossil fuels, claiming that the “global investment community has also changed its tune when it comes to fossil fuel divestment.” This “consensus” is imaginary.