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Divesting works: Study finds ditching fossil stocks lowers corporate footprints

Corporate Knights

For the leaders of the divestment movement, which encourages institutional investors to sell off their shares in fossil fuel companies, winning isn’t everything. But after a decade of determined lobbying, the divest side is suddenly doing a lot of winning. That tally, they noted, is bigger than the combined GDP of the U.S.

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Divest or engage? Some investors are shifting their stance on fossil fuels companies

GreenBiz

Hearts, minds and markets are convincing some investors to divest oil and gas holdings.

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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. And in 2018, Ireland became the first country to divest its national investment fund completely from fossil fuel companies. It can be good for financial returns, too.

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Is one of Canada’s largest pension funds quietly divesting from fossil fuels?

Corporate Knights

The sale marks the third time in the last year that OMERS has divested a major fossil fuel asset. . As pension plan members, we’ve been asking OMERS to either demonstrate how its fossil fuel assets have credible decarbonization pathways or divest them. And OMERS might finally be listening. . appeared first on Corporate Knights.

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Orsted - Ørsted Divests Share of Four US Onshore Wind Farms to Stonepeak

Global Renewable News

Ørsted has signed a transaction with Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, whereby Ørsted will divest to Stonepeak an equity ownership stak.

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New EU Sustainable Fund Naming Rules Could Lead to $40 Billion Divestments: Morningstar

ESG Today

Two-thirds of funds in the EU labelled with sustainable or ESG-related terms may need to sell assets or change their names to align with new anti-greenwashing rules, with stock divestments of as much as $40 billion if all were to keep their names, according to a new report released by investment research firm Morningstar.

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How Kataly Foundation is divesting from Wall Street to reinvest in communities

Impact Alpha

Is it possible to fully divest from Wall Street and invest in community with hundreds of millions of dollars? The post How Kataly Foundation is divesting from Wall Street to reinvest in communities appeared first on ImpactAlpha. When I started my.