article thumbnail

How Big Oil has infiltrated universities and shaped climate research

Corporate Knights

The researchers, from Canada, the United States and Ireland, just published the first comprehensive review of academic and private research into the oil industry’s attempts to stymie and stifle climate science. “In The researchers also surfaced confidential documents that prove that businesses work deliberately to alter academic outcomes.

article thumbnail

ESG isn’t a scam. Here’s why.

Corporate Knights

Tariq Fancy, former BlackRock chief investment officer for sustainable investing, in a recent TEDx talk called fossil fuel divestment a placebo, equating it to giving wheatgrass juice to a cancer patient. We need rigorous academic research to back up our claims. I’m seeing more nuanced critiques from industry insiders.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should investors stay and fight for green change — or divest?

Financial Times: Moral Money

Remaining engaged can often have a greater impact, this academic study argues

article thumbnail

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

3BL Media

Voice Through Divestment The other Honorable Mention paper examines how divestment of stock holdings and pledges to disinvest affect target companies and industries, given past skepticism about this link. The research underscores the significant financial impact of environmental advocacy and public sentiment,” says judge Lilian Ng. “It

article thumbnail

Russia: Sanctions and divestment. The case for a nuanced approach

Tobias Webb

Likewise, companies in all sectors have been rushing to divest of holdings in Russia , or halt operations there. This piece examines sanctions and corporate divestments through a slightly more sceptical lens. We are not arguing that divestment is or is not the right course of action for companies to take.

article thumbnail

Take Five: Europe’s Green Brigade Takes Shape 

Chris Hall

Denmarks AkademikerPension , a member-owned scheme serving 174,500 teachers and other academic professionals, said it had decided to terminate our relationship with State Street Global Advisors (SSgA), after the US-based index fund giant was given a low ESG rating by staff.

article thumbnail

P+ Takes Hard Line on Oil and Gas Expansion

Chris Hall

The Danish pension fund for academics has joined the European asset owners opting for divestment, as fossil fuel companies remain at odds with the Paris Agreement. According to Global Fossil Fuel Divestment Commitments Database, the value of financial institutions divesting has reached US$40.76 are pension funds.