"The school does acknowledge that it will take years more to fully divest from indirect investments, but they don’t say at what cost to students or that divestment carries no benefit for the environment."
It's not a #divestment announcement. It's an update on something we already knew about months ago. Our statement on the letter from #Harvard President Bacow yesterday: https://t.co/MBLx02d6mz
With the help of attorneys from the Climate Defense Fund and an endorsement from the Rockefeller Family Fund, student groups pivot to suing school administrations to achieve #divestment. A new trend for 2021? https://t.co/j2Ks13ADcr
In his piece, Carlin argues that with by engaging with industry, the financial industry at-large can promote economic and energy continuity by helping businesses transition into a low-carbon economy.
It changed the conversation, but has fossil fuel #divestment really accomplished much in terms of reducing carbon emissions? David Carlin discusses how effective the movement actually is in @Forbes: https://t.co/sZHybXagMj
The University of Pittsburgh's Ad Hoc Committee on Fossil Fuels released its recommendations to Trustees with regards to the school's investments. #Divestment from fossil fuels was not on the list. More info in our latest: https://t.co/XhavU9XvRi
The U.S. Climate Finance Working Group yesterday: "Transitioning to a low-carbon and ultimately net-zero economy will require policies that aim to reduce emissions while promoting economic growth, green energy generation and job creation." https://t.co/YrjeK1ZKWd
Some financial wisdom re: fossil fuel #divestment: “...fossil fuel divestment campaigns can yield incomplete results. Public equities in that industry can be sold off, but the underlying assets within alternatives are completely hidden from view.” https://t.co/g95BHT11yw
As several city pension funds divest from fossil fuel companies, don’t expect cops and firefighters to jump on board any time soon.
More here: https://t.co/jfCknhJ4Dh
"There’s not a current proven way to help energy supply meet the demand if there’s mass divestment. Fossil fuel dependency is more widespread than energy. They’re also used in the production of steel, cement, packaging, etc," Tucker also said.
This week, HSBC chairman Mark Tucker called #divestment from fossil fuels, "not the best option for the environment or for the people and the communities that rely on these traditional industries." We agree. Read more in the South China Morning Post: https://t.co/XuNfnLVpUd